Short: Open - 0.75850, S/L - 0.76500, T/P - 0.74750
The battle between the multi year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below 0.7625 level add clarity, however price structure and momentum triggers had already provided a host of evidence that confirmed an impulsive negative weekly outlook. Initial targets lie 0.7300 all the best with this pair in...
Hello fellow traders, Please check this idea and please do read a comment on the chart. I look forward for your comments. Sincerely, Trader.
The battle between the multi year downtrend and the one year uptrend has likely been won by the LT downtrend. A weekly close below 0.7545/65 will initially target 0.7380/00, a break of which would target 0.7150/00 GL and please give this is a 'thumbs up' if you feel it deserves one!
Food For Thought!
This chart is truly self-explanatory if you are long before .75000 at this point, Contact me to notify your willing to Paypal.me the capital you will otherwise be losing in this market lol. Believe me don't beat yourself up over the holiday season spread the cheer!! lool.
Hey guys, last week we saw a break of the upwards trend-line by the weakening of the euro. Now the Euro has regained strength some what and is about to challenge the trend line again but from underneath (making it a swing). Its is highly likely that we will see a rection in the 1.49 to 1.495 area as it is then the trend line will get challenged, we should expect...
This is an update of the setup/idea I shared a month ago... Check it out below
Divergence is building on H4 and low time frames confirm a week movement upwards, I expect the price to correct till the trendline and further move towards 0.7697 presenting a shorting opportunity.
It's a potential short position for at-least 100 pips. Based on AB=CD And Gann Analysis, It's a potential short position for 100 pips. In a low time-frame (1hr) this short position is also conformed. TP & SL are mentioned in the chart. My Stop Loss is 0.76800 based on my strategy. Adjust your Stop Loss according to your lot size, account equity ,strategy &...
Downtrend - S/L 0,76250, T/P 0.71500
SUMMARY: The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its...
AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...
AUD/USD ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...