hello my friends.in this setup first we check daily timeframe and see this rising wedge created near the daily supply zone.then we check the chart in 4 and see the CHOCH there.so we can wait for confirmation in smaller timeframe for our short entry.
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AUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link )
*AUD events will be the drivers during trade.
AUD Previous Important Economic Events:
- Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. )
- Business Confidence ( Below...
GBPAUD short on a Monday. Daily target % reached. GA had a sweep of the asian highs and hit my area perfect before dropping. I had a B.e Trade a couple hours ago on GU. Had to refocus and and get set for GA, and it did exactly what i forecasted. Watch my previous forecast, Follow me for upcoming forecasts and trades for free!!!
Pattern: Channel Down since late 2017.
Signal: Bearish as 1) the price was rejected on the Lower High trend-line of the pattern, 2) the MACD made a bearish cross, 3) the rejection took place around the 0.786 Fibonacci.
Target: 1.0200 and 1.000 if you want to take higher risk.
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Price just break the bullish trend line. wait for the retest or look for a any corrective move to the upside to go short .
Good luck to you.
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Pattern: Channel Up on 1D.
Signal: Bearish if the Higher Low trend line breaks (flag mark) as the price has been already rejected on the wider 1M Channel Down (bold channel).
Target: 0.6700 (just below the 1D Support). If the 1D Support breaks we may see an extension on the 1M Channel Down towards a new Lower Low near 0.64000.
Continuing its current ascension, the Australian dollar is showing signs of strong momentum. With a golden cross sighting (12H), this indicator holds weight in light of recent price actions. I’m expecting this uptick to continue after making a healthy retrace back towards the strong 200 EMA/bottom trend line.
I made an Initial Entry at 0.70116 and another at...
Inverted descending scallop formation, low success rate in a bearish market 5/21 in bearish conditions, but eh, we will see how it plays out. Weekly chart.
Looking for AUDUSD to trade above 0.69387 into 0.69540, I would like it to trade lower into 0.6905 first but it can still run from its current price point higher. This analysis becomes invalid Thursday Morning New York time.
