The Australian dollar is moving in a descending wedge pattern. Currently, the price is heading towards a corrective phase to test the upper edge of the wedge, which is also a convergence of an ascending annual trendline and a 100-period moving average on the 4-hour timeframe, at a level of 0.69400. I anticipate a price reversal from this level to continue its...
AUDUSD - Intraday - We look to Sell at 0.6885 (stop at 0.6925) Buying pressure from 0.6794 resulted in prices rejecting the dip. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell stop entry at 0.68118, to ride the bearish momentum. Stop loss will be at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap...
We enter a strong zone of support, this might give us some strength to go higher. Short term, long trade. It also looks like we forgot to fill some short orders at the last down push. Let's try to get these ;-)
Looking at the H4 chart, my overall AUDUSD is bearish, as the current price is above the Ichimoku Cloud. Looking for a pullback sell entry at 0.69231 where the overlap resistance is, take profit at 0.66746 where the overlap support is, and stop loss at 0.70428 which is the recent swing high. Please be advised that the information presented on TradingView is...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell stop entry at 0.68118, to ride the bearish momentum. Stop loss will be at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 0.66862, where the overlap...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.693 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.6920, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6820, in line with the graphical low and 50% Fibonacci extension. Stochastic is approaching resistance as well where we could see a...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 0.70114, where the 50% Fibonacci line and overlap resistance is. Take profit will be at...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, and the ascending trend line has been broken, indicating a change in market structure. Looking for a sell entry at 0.68797 which is the overlap support, take profit at 0.66578 where the 50% Fibonacci line is, and stop loss at 0.70110 where the...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.68963, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 0.70114, where the 50% Fibonacci line and overlap resistance is. Take profit will be at...
Hey Traders, based on the last strong NFP numbers that were out of expectations with 517,000 new jobs created in January, retail sales smashing expectations of 1.9% with 3%, CPI and other strong USD data we can notice that the market is pricing more rate hikes, and we expect the USD to continue outperforming until the next fed decision on March that will clarify...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, and the ascending trend line has been broken, indicating a change in market structure. Looking for a pullback sell entry at 0.69308 where the 23.6% Fibonacci line is, and take profit at intermediate support at 0.68847 where the 38.2% Fibonacci...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, and the ascending trend line has been broken, indicating a change in market structure. Looking for a pullback sell entry at 0.68535, stop loss at 0.69183 where the 50% Fibonacci line is, and take profit at 0.67541 where the 78.6% Fibonacci line...
This long position may not look very convincing, but there is a lot more context to this trade. Price was at a high of 0.76500 in April, and has been dropping ever since. Now, price is at 0.68730, which is our entry price in this trade. The pair has been trying to increase, but encountered a small downtrend in the lower timeframes. However, the higher highs...
Looking at the H4 chart, my overall bias for AUDUSD is slightly bullish as there is a key support level, the price tested and bounced from the 1st support level. Looking for a pullback buy entry at 0.68760 below the 1st support level. We are looking to take profit at0.70097, which is the recent swing high, Stop loss will be placed at 0.68325, where the 61.8%...
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 0.69098, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 0.70159, where the overlap resistance and 50% Fibonacci line is. Take profit will be at...
Long scenario for this pair. Recent downmove was fast and powerfull. However in order to get lower, we might get a retracement up again. Also form a right shoulder on the D chart.