The Breakout Opportunities system has just sold AUDUSD at 0.71614. The system recommends entering this trade at any price between 0.71491 and 0.71719. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.47125, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour...
EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
Today's move toward the downside despite posting solid and better than expected employment number really goes to show how overbought this pair was after breaking through the upper bound of my "old trendline". However, this break is still within the margin of error of that trend given the previous breach at the end of January lining up with the latest top very...
Entry point: Blueline
SL: 12 pips
TP: 10 pips
Feel free to contact me on telegram @khaledmap if you want to know more about the market and volume profile trading strategies and define the resistance and support.
AUD/USD rejected key level
Since yesterday, AUD/USD moved up by around 40pips before moving back down by around 30pips.
AUD/USD is trending upwards.
Yesterday, AUD/USD tested and rejected the 0.72 key level.
Current Price: 0.71739
Next Resistance: 0.72000
Next Support: 0.70650
We have broken and retested the area, we have a big spike in and out of the area, if we look left we see liquidity arround that area.
We came through the area but ended up closing above this, so my guess will be that we will continue the trend and come back to test the area again.
Not a time frame that i usually trade, but just found this and think it is a...
Symbol: AUD.USD - Australian Dollar / U.S Dollar
Predicted Direction: Short
AUD.USD - Australian Dollar / U.S Dollar updates will be available in the comments section below as price-action develops.