This might happened to AU like NU last week. Managed to hit sharp entry. AU buyers still looking for higher price before big sellers come in. Ref: prntscr.com Patient is key in trading..
Retest .7555, fail to close above and a short position would be very possible at this point. Strong bearish MACD divergence.
Market price has been on a steady uptrend since the 5th of 2017 but momentum stoped its upward move on the 17th of this month. Momentum has been creating lower highs and higher lows since then. Momentum came back up to test the .001 level and is looking to break the lower trend line. On a break of the lower tend line a short position will be available with the 200...
Hello fellow traders, I was thinking about Aud/Usd and came with new idea. I posted previously, falling wedge and if that will not work out it most likely this is the scenario. Price levels will differ from what do I post, but this is an idea what to look for... Sincerely, Trader.
Using Ichi+Patterns+PV= nice strong signal for a short trade, will only look for short opportunities this week guys. hehe
Short: Open - 0.75850, S/L - 0.76500, T/P - 0.74750
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
S/L - 0.76150, T/P - 0.72000
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...
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!
Hi traders, this is my analysis on AUDUSD. Price is coming back to retest a previous broken support. In case like this a broken support could turn into a resistance and provide a good point for reversals. We've identified two levels but i think the first is more important cause, look left, it has proved to be strong two times in the most recent time. So as usual...
Zoom out the Day Chart, you will able to see a super long downward trend. So overall it is bearish. But, recently, the price breaks the upward trend and with 2 days Pull Back. Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down. It is a good time to short it now.
GOOD LUCK, HAVE A NICE WEEKEND, WAITING FOR THE IMPORTANT BREAK AND CONFIRMATION OF AN IMPORTANT LINE OF TREND IN THE DAILY GRAPH TO GO SHORT.
Thia pair has been inside a channel since 20th october and the price has reached the top line. That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement. Main trend is bearish and it may go down. There are many proofs to say the price is going to fall and there is no any proof to say...
AUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable. Price is at a major reversal zone, and we expect heavy resistance to hit soon. We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.