Hi traders, I must admit... I called this trade a little early for my students yesterday! I didn't though it would go back a second time test out the new support tuned resistance + FIB extension above. I'm not mad though.. a double confirmation is even better to show us that the bear trend is in full effect. Now we are looking for this pair to resume what...
The Australian dollar was trading in the little local consolidation the whole Monday, so our previous scenario remains the same: after a resumption of the fall on increased/large volume we can enter the market. A stop loss should be placed above the level 0.7720. A potential of the fall is around 80 pips. The bottom line: short positions are in priority.
The Australian dollar showed an upward correction of the price on Friday. The move was on large volume, but smooth we should note the presence of the local downtrend and the exit of the pair from the consolidation. Given all these factors, we should give advantage to short positions. We can enter the market after a resumption of the fall of the price. A stop loss...
long intraday at 0.7635 target 0.7690 =50 pips a small intraday trade with 55 pips i think Garantee he is on big weekly-monyhly support +high oversold entry 0.7635 target 0.7690 gain =55pips
Hi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up...
Downtrend for this currency pair continues as the price fell down sharply on increased volume. Unfortunately, it was spread throughout the chart, so we can’t point out any concrete volume level. Anyway, now we should consider only short positions. We can enter the market after a smooth upward correction on small volume. A stop loss should be place at the level...
This correction is almost over and i think the market is ready for next up move. Please trade with care.
AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales...
The pair fell down sharply during the Asian session and is trading in the local consolidation a little bit below the resistance level 0.7893. That's why we should wait for the exit of the pair from this range and after that consider opening new deals here. The bottom line: wait for the exit of the pair from the local range.
AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout...
AUD/USD showed a smooth fall of the price yesterday, but the move was on small volume, so we can't consider it as a reversal signal. But on the other hand, we can open long positions only after a strong and sharp breakout of the resistance level 0.7893. The move should be supported by large volume. A potential of the deal is 70 pips.If the price continues falling...
Hi traders! AUDUSD seems to just pattern itself out each time. We see again the same bottom that it made last time before firing up to +0.80 Clear divergence on daily MACD Buyers found in this zone making multiple wicks DXY finally top (resuming its downtrend) Playing off those FIB extension perfectly Here is my suggestion: AUDUSD LONG: ENTRY :...
Pending Long @ 0.7700 Stop Loss @ 0.7650 Target @ 0.7960 RR Ratio @ 3.2 ----------------------------- Pending Long @ 0.7690 Stop Loss @ 0.7570 Target @ 0.8050 RR Ratio @ 3.0 ----------------------------- Buying 3rd wave and 5th wave.do not like to sell in pullback. I prefer the long side. Trading involves substantial risk of loss. I'm just providing insight...
Pending Long @ 0.7970 Stop Loss @ 0.7850 Target @ 0.8220 RR Ratio @ 2.08 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Uptrend in sub wave "C" will continue. All the best Traders.
Hi traders! As I'm looking at this chart, it's telling me that AUDUSD as somehow topped when it traded to 0.80 and now is looking for some retracement before knowing the real deal. MACD already crossed and RSI seem to have maxed out. RR is our favor here since we are shorting a TOP. AUD/USD SHORT ENTRY : 0.79307 SL : 0.80042 TP : 0.76887 Trade safe!
With Stochastics oversold on the H1 and H2 charts together with RSI divergence, we will be looking to long AUDUSD if we can break above 0.79150 and get a good reason for entry. Should price break down below 0.79000 then we will be looking for short opportunities at previous structure levels.