The Resistance zone of AUD/USD had undergone major tests, though survived it. The price pulled back to the Key Level from where the another bounce followed. Relying on the 15 and 30 MA I expect the bounce to continue hence the price is expected to rise. However , I don't really count on the Resistance Zone. The further updated will come soon.
Pattern Triangle with T1 and T2 trendlines, this pattern will be crossed in next 48 hrs and that cross will be the most important signal for AUDUSD for this week. After crossing ther will be possibility for formation fo the new Trend Channel . Mostly Triangle is crossed on 5th touch, but I think now we can not bet on that, you can trade to any direction where...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Descending Trendline and now it is bouncing at the Support Zone. . 🔸 It is moving inside of an Ascending Wedge. . 🔸 The potential Target Zone of the move is the upper trendline. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
1:2 RR. entry based on Fibb. Downtrend formed, correction expected
Great long setup on AUDJPY! Expectin correction of wave 3 to 4 then another impulse up.
GBPAUD is very close to strong weekly/daily stucture. Major rising channel and horizontal support on the left give us a perfect potential reversal zone. chances are high that the market will start a strong bullish rally from the underlined area.
Expecting a fall in AUDUSD, the 0.65640 level has held up as a strong resistance previously and is also a supply zone, so will be looking for sell limits in this area
i not very clear about this chart . let me know what do you think about this chart ?
AUDJPY Long Idea The higher time frame is primarily bearish but we have seen a very strong 4hour bullish trend much like AU We are going to continue with this bullish 4hour trend and look for long setups within this 4hour bullish channel Confirmation to enter long could be seen after a break and retest of lower timeframe structure around 70.600 (the blue arrow)...
AUDUSD Long Idea The higher timeframes are bearish on this pair but we have seen very strong 4hour bullish volume lately We are currently favoring a 4hour bullish push higher toward the top of this channel (the blue arrows) and a break and retest of 0.65580 would be confirmation enough The other potential scenario would be a drop in price action toward the...
I think Eur AUD Will Fall Further To Support