Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.654 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.654 support and resistance area. Trade safe, Joe.
After price broke structure with momentum, it gradually retraced back towards a demand zone that it left behind during the expansion. It then started to consolidate, forming liquidity right above this demand, which could fuel price's expansion to the upside after imbalance has been filled and the demand has been mitigated. Due to price being in a bullish trend,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPAUD has been trading inside a big range between our green support and blue resistance. Lately GBPAUD has been bearish trading inside the falling red channel and it is currently approaching its lower bound. Moreover, the zone 1.89 - 1.895 is a strong support. 🏹 Thus,...
The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we...
The AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26: The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is...
AUDJPY broke and closed above a solid horizontal daily resistance. After a breakout, the price formed a bullish flag pattern on an hourly time frame. Its resistance breakout after a retest of a broken structure is a strong bullish confirmation. I anticipate growth now to 98,2 ❤️Please, support my work with like, thank you!❤️
GBPAUD - 24h expiry There is no clear indication that the upward move is coming to an end. Trend line support is located at 1.9225. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 1.9250 will confirm the bullish momentum. We look to Buy at 1.9205 (stop at 1.9155) Our profit targets will be...
Price is in a bullish trend as it has been breaking highs and respecting lows. It broke the previous high and receded to consolidate for some time before breaking further structure with decent momentum. Due to the nature of this break, price could use the latest strong low as liquidity to reach for a Golden zone within our fvg that was previously unmitigated...
Expecting strength from the Aussie this week, even though the RBA hiked, I think the Aussie was negatively affected by the fall in commodities rates in the past week. I see no strength in the Euro and I think Friday's candle suggests that this pair may not break back into my ascending channel, this could form a double top too. Tuesday EUR GDP data - could be...
Price has been showing bearish orderflow until recently, where it broke our strong high with momentum. This thus invalidated the properties of a bearish flow, giving us a shift in market structure from bearish to bullish trend. Price previously left behind a demand zone that it has currently retraced to and mitigated. On lower timeframe, the same case holds as...
We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency. I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish. That said if the BoJ get involved it will tank all of them. I'm not 100% what I really think will happen here, I...
Today's focus: AUDJPY Pattern – HL Continuation Support – 96.10 Resistance – 97.52 Hi, and thanks for checking out today's update. Today, we are looking at the AUDJPY on the daily chart. Today's video asks if the AUDJPY will continue its continuation pattern. We have run over the price action that drew us to this setup and what we want to see to give us...
Had a great breakout of the falling wedge that I called out in an earlier idea (I missed the trade as it happened sooner than I expected), but now I believe we'll fall back from resistance (we can see some rejection on the daily) before confirming the trend change higher. No real fundamentals for this, pure price action.
This one for the more conservative trades, low risk high reward high probabilty setup on AUDCAD, Weekly Price action serving as the sponsor of our bearish sentiment. Zone indicated for possible entry region after structure change confirmation on the lower timeframes (15m) Goodluck Travellers and Beyond
I believe it would have more downside, but do take note of the minor support on the daily and could bounce to pullback before going down further. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs...