LONG Signal - 09/18/18 @0.71958 (Missed Entry)
Targets - Dashed golden lines
Fib Extensions: 1.000 - 2.618 Navy Blue lines
R/R: 1.03
My actual entry on the 20th is under pressure from today's price action in anticipation of FOMC. Aussie has been very weak so this trade might not work out. We'll see.
Midterm forecast:
While the price is above the support 0.7085, beginning of uptrend is expected.
We make sure when the resistance at 0.7320 breaks.
If the support at 0.7085 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A...
Very strong Bullish price action on the Aussie/Dollar after finding support around the 0.7085 handle. Price has completed a bullish head and shoulders pattern but is facing resistance at the 0.725 mark.
My system has not given a trade signal, so for now I am simply monitoring the pair to see how it follows through for the rest of the week. It is worth noting...
AUDUSD is moving in a downward channel for awhile.
ENTER SHORT POSITION with following preferences:
SHORT @ 7281.
SL @ 7361. -72 pips
TP @ 7051. +230 pips
Hello Traders,
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7384 high ended blue wave (X) bounce. Down from there, the pair has broken to new lows already confirming the blue wave (Y) lower. Thus suggesting that the right side in the pair is to the downside. The decline to 0.7084 low unfolded in 5 waves impulse structure. And should have...
Hi Traders!
The FX:AUDUSD trend is BEARISH on daily chart. You don't need a lot of comments, the chart speaks for itself .. Potential harmonic structure in development.
If there will be some technical conditions, we will post some update on intraday chart.
The price come back to key level 0.7324. It is Mirror level from which the price bounced several times. Also, this level is the most powerful on Fx Market + The price in Down trend on Higher time frame. That's why I think it is great to open Sell with low risk a great potential.
Open Short near 0.7324
S/L: 0.7373
T/P1: 0.7160
T/P2: 0.7027
P.S. If this post will...
AUDUSD Still in downtrend. I consider that trend may continue this week too and this is the small pullback for more downside.Sell at given levels for the target of 0.72100-0.72000 levels.
Aussie has been moving like this for a while now, bouncing between 0.7440 and 0.7360 without showing any clear breakout yet. I managed to catch a short swing trade today on the 4 hourly chart but looking for some better opportunities once this range breaks.
AUD/USD overview
Currency rate is moving in the range 1 month. Take a look at the weekly chart, that range is above the key weekly level. For me, it is a signal that big players accumulate their position.
At this moment I think about Long because the range is above key level 0.7328 and The price made fake broke of 0.7328.
I will open Long IF the price will...
Hello Traders,
In this Analysis, we will have a look at AUDUSD.
AUDUSD short-term Elliott Wave view suggests that the decline to $0.7308 low ended blue wave (A) coming from 6/06/2018 peak ($0.7676). Above from there, the 3 waves recovery to $0.7484 high ended in blue wave (B). The internals of that blue wave (B) unfolded as Elliott Wave Zigzag correction where...
AUD/USD made a fake break of key buy level 0.7325
Take a look on the chart, price bounced from weekly level. Also, currency rate was near that level 14 months ago. Big players respect such levels. Because many retail traders hide theirs loses under it. Which become fuel for market makers when they hit it.
Open buy near 0.7340 – 0.7360
S/L: 0.7310
Goal: 0.7629
