🔸4H CHART EXPLANATION: . 🔸Price bounced at the Resistance Zone and it is moving on the edge of the Descending Trendline . . 🔸We observe that yesterday there was a breakout, but given the volatility due elections we don't consider it as a clean one. . 🔸We are waiting for a clear breakout and a consolidation above the trendline before considering any setup here....
AUDUSD is testing the descending triangle support. The market is printing a double bottom reversal pattern. RSI is printing a bullish divergence signal. Breakout above the double bottom neckline resistance could be a bullish signal ⬆️.
AUDUSD is testing an important weekly support around 70.250. The price on the 4h chart has retraced until the 0.5 fib level and is now ranging between a minor resistance structure and the weekly support one. IF the market will break and close below we will set a nice short order according to Plancton's strategy ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
*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...
AUDUSD Short idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Overall we are still bearish and will be looking for short opportunities until we see major bullish momentum Trade scenario 1: We can see indecisive price action sitting at our key monthly zone so we can identify two potential short scenarios. Price action pulls back to test the...
AUDUSD is printing a descending triangle pattern. RSI printed a bearish divergence signal. Breakdown below the descending triangle support could be a bearish signal ⬇️. Breakdown below the RSI descending triangle support could be a bearish confirmation 🔽.
Good day, I have been slowly accumulating a small short position in AUD/USD as a broad expression of my 'risk off' view. Look to add to - or open new - short exposure on up days over the coming short while. Place sell limit orders in red box, stops in blue.
AUDUSD after testing the weekly support at 0.70400 started a minor impulse until 0.71400. The price is now testing a daily resistance. IF the market will manage to break and close below the minor support we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red...
AUDUSD rejected descending channel resistance. Potential SELL re-entry at confirmed bounce off the flip support + fibonacci retracement levels ⬇️. RSI bounce could be a bearish confirmation 🔽.
AUDUSD touching the trendline, possible reversal!
+0.42% in the AUD/USD 🇦🇺 🇺🇸. The price was rejected by the Support zone. According to the Inverted Hammer and the deep Stochastic and ROC deep oversolds the price is going to rise after the bounce and test the 0.71015 lvl. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section.
Hi guys! AUDUSD, Australian data looks promising, US data looks even better according to the forecasts. Hence, a slight difference may play a great role in this pair. My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and...
Hello Traders, You can use this chart for confirmation on your analysis and I hope it will help you to make a better decision. If the Trend Line at the top is strong enough, AUDUSD can start its falling from there. Thank you very much, Push like and write your comments. We will catch the best trades together!
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7155). 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 below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7155). 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 below the 21-Day WEMA which acts as a...