AUDUSD saw some profit taking earlier in the session and is now looking like a long position with potential - SL -0.7370
AUDUSD Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish and are going to continue with this trend until we see a break of a higher low on this timeframe. For now we are looking for a pullback and structure to form. We want to enter long after we see a major reversal from a key fib level...
AUDUSD has been a steller performer since a drag down from May 2020. GDP data showed a strong expansion of output +2 trillion after covid 19 lockdown ends. Aussie will remain positive against its counterparts but the only concern is tension with it major trading partner China.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7375). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7375). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
AUDUSD is pulling back to trendline, more upside !
AUDUSD is pulling back to trendline, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
AUDUSD is pulling back to trendline, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Hello Traders, Here is a trade idea that you could possibly enter, DO NOT ENTER unless it breaks out and you have your confirmation and make sure to use the stop loss on the current resistance level! Trade Safe :)
AUDUSD Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Price action continues bullish. We can look for entries after higher lows form near 0.73350 & 0.74000 with strong bullish setups. Keep in mind the above yellow zone is a major supply zone. The most conservative entry would be on a confirmed higher low above this...
Solid technical setup for a sell on $AUDUSD. Would perform well if risk gets sold into year end.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
AUDUSD on the daily chart after hitting the 0.73600 area at the weekly resistance, retraced back until the 0.382 Fibonacci level. The price after creating a double bottom over the weekly support started a new impulse to the upside until the weekly resistance area and close to the descending trendline of the channel. Being the end of the month and near to a strong...
AUD/USD has formed bearish rising wedge patern and it's in resistance area. I am expecting it to fall to 0.72000 level.
Hello everyone! -On a 4-hour chart, we can see that the price reached the top of the ascending channel and we can see that the price tested and rejected resistance multiple times with bearish engulfing and with few Doji candles. -We can see that the bulls are losing their momentum it that is and that is reflected in a Doji candles. -I expect that the bears are...