If we look at the AUDUSD pair, we can see it has completed what look's like a A.B.C pattern. The AO indicator also show's Bearish divergence, so I will be looking to short the pair.
If we look at the AUDUSD piar, we can see the pair have made a lower high, but on the MACD & AO indicator it shows a higher high. This normally results in a move lower.
Hello fellow traders,
It looks like we are having a good timing to enter short positions with Audusd. It has nice Risk Reward ratio. The trend shall make a nice move to the down side and accomplish wave C.
Sincerely,
Trader.
Over the weekend I mentioned the 0.7608 handle on the AUDUSD. It’s an area that has directed price action since the January 24th high, and in my opinion, it’s the most obvious technical level in the currency market at the moment.
I know some will disagree with that, but allow me to explain why I think so. Not only is 0.7608 a long-standing pivot, but it’s also...
Hello fellow traders,
AUD/USD pair might be building a broadening falling wedge. Wave IV is expected to enter wave I teritory. If it so, it gives us an opportunity to enter short positions - wave V. Also it is attractive because of the Risk/Reward ratio. So, lets start selling.
Sincerely,
Trader.
we are in a steady move to the downside, 1.36 capped the double top at the 50% fib level - with the neckline at 1.30 on the horizon a break below will unlock 1.25 as a potential target.
This 1.25 is also the 76.4% retrace from April 2015 lows.
Keep one eye on 1.34 as the handle, this is needed to be broken to show significance for the bull run.
Best of luck...
Hello fellow traders,
Forex likes patterns so, this is copper take a close look and tell me that is is not the same as W1 AudUsd. SELLLL AUD USD that is done.
See you.
audusd has been seeing some upside within the recent bottom that formed since early 2015. Last month gave us a bullish engulfing and currently we are testing the neckline of the larger h&s pattern since June 2015.
A break above will mean a large move to the upside targeting 0.8150, May 2015 highs. Near term pullback should be cushioned at the 50 MA around .7490
lets see
So it finally got to its tipping point. Have waited quite a long time for this. Now the question come; is it going to consolidate, reverse or continue up. It depends if a catalyst drops and distort the technical indicators, over the next week. I truly believe it is going down. I'll wait to see a more aggressive short action. I might add a order to kick in if it...
