AUDUSD rebounded late last week and reached again the 1D MA50 on neutral 1D technicals (RSI = 46.104, MACD = -0.001, ADX = 23.912). This is the first rebound after the June 16th High, which was on an overbought 1D RSI and formed a Lower High inside the wide Channel Down pattern. The neutral technicals indicate that this is potentially the ideal short entry on an...
AUD/USD retracted around -4.4% from the June high, and it appears we may have seen a swing low around 66c. The pullback found support around a volume cluster from the previous rally and formed a 3-day bullish reversal pattern (morning star reversal). Soft US inflation helped weigh on the US dollar, and an RBA hike tomorrow could send the Aussie higher. Money...
Hey Traders, in tomorrow's trading session we are monitoring AUDUSD for a selling opportunity around 0.66800 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66800 resistance area. I would also keep an eye on RBA rate decision this week, if it's dovish enough that should be a decent...
Last week, I mentioned about looking to short on AN if there's opportunity...a pullback pull can be seen since tues. Bearish flag on h4, looking to start shorting again for AN. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it...
Bias to go on long on lower timeframe Likewise same for EurAUD **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 ups on tradingview! 🙏 And if you would like to show further support for me, you...
Hey Traders, in the coming week we are monitoring AUDCHF for a selling opportunity around 0.62 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.62000 support and resistance zone. Trade safe, Joe.
HeyTrades, in the coming week we are monitoring EURAUD for a buying opportunity around 1.62900 zone, EURAUD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.62900 support zone. Trade safe, Joe.
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!
GBPAUD reached a key weekly resistance. The price formed a descending triangle pattern, approaching the underlined structure on a 4H time frame. Its neckline was broken. I expect a bearish movement now to 1.8955 / 1.8825 ❤️Please, support my work with like, thank you!❤️
4hr timeframe long, looking at AUDUSD, marked previous break out failures & gains. Simple price action retests within a range, not a trade aiming to see new breakouts or new lows/highs. Simple local price action trade with 4:1 risk/reward. Ideal price action based trade, wishing to see it play out within the next few days.
after a very strong uptrend price has been pulling back in an downward channel. a break and close above resistance would likely see the trend continue upward.
AUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level. As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise. Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first. Follow us, like the idea and leave a comment below!!
Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken. It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price. A drop from here could see prices drop all the way to the major swing low at...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPAUD has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 1.92 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell...
AUDUSD H8 Really closing in on that buy zone here on AUDUSD... this next LTF wave should see us pin into our anticipated support zone for longs up towards that major area of resistance again. GBPUSD and XAUUSD also nearing areas of support, so from a pair comparison purpose. It makes sense too.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
SLO2 @ 0.7933 ⏳ SLO1 @ 0.7715 ⏳ TP3 @ 0.76 (closing ALL Buy Orders) TP2 @ 0.7185 (shaving 25%) TP1 @ 0.6925 (shaving 25%) BLO1 @ 0.6645 📈 BLO2 @ 0.6550 ⏳ UNDERSTANDING POSITION TRADING A position trade is a trading strategy where a trader holds a position for an extended period, usually months or years. Position traders are typically looking to profit from...
Resistance Range 0.6760 up to 0.6790 TP2 @ 0.6790 TP1 @ 0.6675 BLO1 @ 0.6625 (primary) ⏳ BLO2 @ 0.6580 (secondary) ⏳