Price has shown a bullish breakout from the Daily descending trendline resistance (now support) and is also holding above the EMA as well. We could see a further rise from 1st support at 0.73722 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension and towards 1st resistance at 0.74783 in line with Horizontal swing high and 78.6% Fibonacci...
H4 time frame.
A divergence signal appeared, the key level is clearly shown at the price level of 0.73200.
Waiting for the price to break the Key level and get a confirmation signal can find buying opportunities with AUDUSD.
The profit target is the 0.74800...
AUDUSD is reversed off from the upper resistance of the ascending price channel in line with 1st resistance at 0.73729 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Price is likely to bearish from 1st resistance at 0.73729 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension to 1st support at 0.72796 in line with 61.8%...
Welcome to our weekly trade setup ( AUDUSD )!
Bullish market closure above main sr level.
Expecting further upside movement.
Looking for another bullish wave up.
ENTRY LEVEL @ 0.75850
SL @ 0.74900
TP @ 0.76980
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)...
AUDUSD is on a bearish momentum. We spot a potential entry at 0.74028 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.72241 in line with 78.6% Fibonacci retracement and graphical swing low. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or...
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish on AU as we just broke resistance around 0.73000 and are now finding support.
From here we’re looking for bullish setups to enter long on.
Trade scenario 2: For us to consider AU bearish we would need to see a break back below support at...
H4 time frame.
Structure: The downtrend has been broken.
Key level at 0.73200 was broken.
Wait for the price retracement to confirm the uptrend on the 4-hour timeframe and then look for a buying opportunity with AUDUSD.
The confluence between the 50-61 Fibonacci level and the 0.72400 and 0.72200 support levels is a potential price correction zone.
its seems price is going to make an upward move.
1- rising RSI and broken RSI downward trendline in 4H TF.
2- also we can see RD+ in RSI (4H TF).
3- price is moving in a big flag and already jumped from bottom of it.
4- Short term downward trendline already has broken.
Thanks for reading
A potential triple top may form on the daily resistance level before running short back down to weekly support, this is just speculation and the arrow us not keyed into any specific level just the basic structure i assume the market to follow if this plays out, good luck and remain patient, always expect the worst.
H1 time frame.
Struture: The downtrend has been broken.
The price up to break the Key level at 0.72800.
Wait for the retest signal to appear and confirm the uptrend, then you can enter a buy order.
The profit target is 0.74800 zone.
Wish you all have a good trading day!
Here on the AUDUSD , we can see a clear breakout of the bearish channel which was formed after an impulsive bullish move. This could be time for continuation of this bullish movement.
Use proper risk management.
So what do we have here, you can see that the market went to the low, pierce below it and then rised again makinf double bottom formation plus SFP pattern, the market also showing strong bullish candles and currently making a flag after a strong bullish candle on the 30 minutes, I will say that we can buy on strong bullish signal breaking through the flag and then...
AUDUSD is on a bearish momentum and is consolidating within a downward channel . We see a potential entry at 0.72860 in line with 61.8% Fibonacci retracement and our take profit level will be placed at 0.71994 which is a graphical swing low. Our bearish bias is further supported by Ichimoku and price declining below the EMA 34. MacD is showing potential for trend...
Since February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some...
AUDUSD on the daily chart ended the retracement move to the upside.
The market is currently trading above the weekly resistance and according to Plancton's strategy if the price will break below we will set a nice short order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure...
AUDUSD Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AUDUSD is back to bearish as we have broken lower into the range and formed a lower high. It’s likely price action will continue to range but if price action follows the overall trend we should see a strong continuation.
For us to enter we ideally need to see a...
Price is approaching pivot level of 0.74188, which is in line with 23.6% Fibonacci retracement level. A reversal from this level may see price take resistance at price 0.74796. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.7383938.2% Fibonacci retracement level . This is further supported by how price...