With the StochRSI being in the SELL zone on the Daily I am looking to enter once the BEARS break the counter trend line targeting .6817 - to .6750 Area Stop should be placed above the .7020 pivot area. Be aware that the 2hr is not in line with this move yet and once it is conformation would be more clear. If you like what you see lets start a conversation, hit the...
Symbol: AUD.USD - Australian Dollar / U.S Dollar
Timeframe: Weekly, Daily, and 4-hour
Predicted Direction: Long
AUD.USD - Australian Dollar / U.S Dollar updates will be available in the comments section below as price-action develops.
I spotted a bullish Deep Crab forming lower at the 0.69 level
- Aussie wage number came in lower than expected
- Chinese economic data losing steam
obviously it does not help that the tension of the US-China trade war is building up
I would expect the AUDUSD to continue drifting lower. Giving us the potential buy trade at the completion of...
Time is reason for trend changes.
With Gann we can know 'when' something will happen without knowing the 'news'. We don't have to know what the news is going to be and often it doesn't matter if it is bullish or bearish . A strong confluence zone of astrological cycles (including the New Moon ), Gann time cycles of the Inner Year and musical harmonic cycles...
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AUDUSD FOREX BREAKDOWN 06 MAY 2019
Bearish open below previous week lows and support zone
Bearish Waving market with A Wave formed now, we need another wave to the upside to fulfill the Pattern!
Overall sideways moving market with several pullbacks, good long entrys now!
I placed this entry order because even if I don't give any chance for it, the structure between the gray lines
can be an expanding flat, and if it's so, we will see a nice up impulse that I want to trade. However, my main
forecast is a bigger correction before the next impulse. So, I will take the trade, move SL to BE asap, and leave
it alone until...
In this video update, we take a look at EURAUD as the price approaches a key resistance level.
Previously in the past, the market has sold off aggressively here as sellers re-emerge above the
1.6330 level. If price prints a daily bearish close we can look for short opportunities here.
AUDUSD is presenting us with a nice opportunity to sell the retest of structure. We have a very nice broken bear flag , as well as a clear reversal off of the 50% retracement of the large bearish impulse leg.
If we manage to break the 0.686 level of support, I will be targeting the 1.272 and 1.414 extension of the bearish impulse leg. The 1.414 extension of the...
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AUDUSD FOREX BREAKDOWN 23 APRIL 2019
Strong bearish open this week below previous support level
Market taking out weekly long holders before making further moves upside
Slowly rising market with several pullbacks and waves
ENTRY @ 0.71280
SL @ 0.70910
TP @ 0.71700
USD in a nutshell. In 2019, the US Economy will be slowing down
GDP growth will slow down to 2.7%
Unemployment rate will go up to 4%
Consumer confidence will go down
Business confidence will go down as well
Government debt will continue to rise
Inflation will go up 2.2 - 2.6
Interest rate will be increased twice 2.5 - 2.75
Even though, those future data will be...
Now that The RBA has cut its interest and the economy not doing so well we could see this pair slump to 67 cents!
Bare in mind that the 0.7000 level is a very crucial resistance at the moment and any upward momentum is unlikely to happen as the trade war persists putting pressure on the AUD.
0.67000 level is another crucial support that has been drawn from the...