ADUSD waiting for the sell before the bulls move in like, follow and comment thanks
AUDUSD arrived to it's supply zone.. Look for a short opportunity as close to 0.73 area. wait for bearish formation before entering the trade. Great RR , it's a good opportunity for a real trader. Also forming a minor bearish divergence :) EURUSD is also in supply zone.. visit my chart. You can TP at on your choice or i personally recommend at least 1:! ration.....
Recent Price Action: Bullish Pattern: Rising wedge (short-term correction) Long-Term Momentum: Bearish Short-Term Momentum: Bearish Bias: Short Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart. Comments: Price had a strong retracement after a huge sell-off....
AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction...
AudUsd - H4 - Sell setup on aussiedollar already triggered.
TP just a tad above the daily support#2, slow mover, might not reach the target. But I think it has room to go down. R:R 1:1.7
AUD/USD is steadily approaching massive resistance, while also remaining massively overbought as seen on the RSI levels. I think it is likely that we see the price of the Aussie dollar fall especially following CPI data just released.
Buy above 0.7537. Stop loss at 0.7496. Take profit at 0.7629. Reason for the trading strategy (technically): Price has continued its drop perfectly towards our profit target. We look to buy above major support at 0.7537 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7629 resistance (Fibonacci retracement, horizontal overlap...
Volume has been created and the Volume Extended Zone has been made. Price will move inside the zone and retesting the zone validating the upward move. Watch for buying opportunity by the successful zone test. If zone break below zone that mean zone is invalid and must search another pattern. The recommendation is to watch for short opportunities uptrend move.
When markets open this evening I will be looking at shorting the Aussie Dollar down to the daily trendline, as this has been respected a few times in the past couple of weeks, this will most likely be an intra-day swing trade to get in and get out. Only because of RBA releasing minutes on Tuesday followed by a speech from Yellen later that day, could make...
AUDUSD price action is so far within the multi-months bearish channel, looking to short it on a bounce around 0.7684-0.7706 for a target to 0.7527, stop above 0.7735
Uptrend in sub wave "C" will continue. All the best Traders.
Think like the other traders add a point to find high confluence Add up the points to find the kill zone: Major resistance level 2 Minor resistance level 1 ABDC Harmonic 1 Fibonacci extension 1.27 1 Fib extension inversion 1 RSI Over bought 1 0.77500 Psychological...
Sell below 0.7750. Stop loss at 0.7774. Take profit at 0.7708. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7750 (Fibonacci extension, major swing high resistance) and we expect a reaction off this level to see a drop to at least 0.7708 support (Fibonacci retracement, horizontal pullback support). A break of this...
Looking at the AUDUSD , we can see it has formed an A.B.C pattern , whilst also being inside a wedge . I think the pair will either make another high before breaking through the trend line , or it could make an impulse move down through the trend line .. Either way I will be waiting for a break below, close below before entering any shorts.