Several days ago, the price dropped sharply and came to the support line. Now I expect two actions. The price will push off and head up. Second, there it will meet a strong resistance zone - consisting of a line and a level. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
🔸WEEKLY CHART EXPLANATION: . . 🔸Price is on a downtrend since 2015, making lower lows and lower highs. . 🔸We can observe that it has bounced at the Descending Trendline. . 🔸The first target that we are considering is the Support Zone at 70.000. . 🔸We have an active trade on this pair. Our short trade was triggered after the breakout of the lower timeframe...
Fundamentally interest rate cuts pending, and over extended price where else the forecast for AUDUSD at 0.73 by end of the year and 0.75 next year. Downwards correction is due.
🔸 WEEKLY CHART EXPLANATION: . . 🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015. . 🔸Now, it has bounced at the upper trendline, making a lower high. . 🔸We consider that this pair has potential to make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART...
Well pretty simple, I believe. I am hoping I have not missed my entry. However, I am bearish on AUSSIE, with my notion that GBPAUD and EURAUD will be long, I am bearish on AUDJPY and AUDNZD. Also bearish on GBPJPY. This is what I have come to know as Fractional Disparity at its finest. That being said if I'm wrong or my timing is off on one, it is more than...
The price is now at the resistance line. And in the future, I expect the price to go to the support zone. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Expecting some volatility during the night session. Affter this break we will get the price touching the trend line
AUD as the stronger and JPY the weakest currency for the last 3weeks, this pair hit monthly high and now im looking for a correction on this pair, some possible reversal. Trade setup, Sell Stop @ 77.220 Profit Target @ 76.750 (47 pips) Stop limit @ 77.500 (28 pips) Alternative scenario, Price close above 77.900, look for further upside as 80.00 a key level....
The price came to a strong resistance line. And then I expect to go down. Breaking through the support line. The ultimate goal is support level. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
The price has broken through an important resistance line and now I expect a good pullback to the support level of 72.9. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Yo traders, AUD/ JPY has moved perfectly rejecting resistance as expected and moving lower as predicted on Aug 16 chart posted here. I am presently expecting it to break the support and move lower next week. As you can see on daily TF and 4HR as marked on the chart it has formed an Elliot wave pattern (ascending bottom rising). Has already moved past the...
Yo traders, AJ has been in a good uptrend and in need of a correction. Presently expecting it to retest the resistance and then move down towards support . Lets wait and watch Please like and support. Share and comment as any feedback is welcome Thanks Madtradex
🔸 4H CHART EXPLANATION: . . 🔸Price did a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline, however, it did not start a bearish move after that. . 🔸 We are waiting for some bearish momentum before considering a bearish trade. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYIS: