Sell below 0.7605. Stop loss at 0.7650. Take profit at 0.7517.
Reason for the trading strategy (technically):
We remain bearish for a further drop, looking to sell on strength below 0.7605 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to 0.7517 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees...
This is only my prediction.
Many of us still have a lot of questions about this move.
Today AU break resistance, and it become support to make new high.
I will look for Sell position at Strong Weekly Key Level for Retracement
We will see in a week or two. Happy Trading
@scandicfx
Sell below 0.7668. Stop loss at 0.7695. Take profit at 0.7603.
Reason for the trading strategy (technically):
We remain bearish with price having broken our long term ascending support-turned-resistance line triggering a bearish exit to push price down. The goal is to sell below 0.7668 resistance (Fibonacci retracement, bearish pullback resistance, horizontal...
Buy above 0.7668. Stop loss at 0.7646. Take profit at 0.7733.
Reason for the trading strategy (technically):
We remain bullish above 0.7668 support (long term ascending support, horizontal support, Fibonacci extension) for a further push up to 0.7733 resistance (Fibonacci extension, horizontal resistance).
RSI (34) is seeing strong support above the 41% level...
Buy above 0.7655. Stop loss at 0.7603. Take profit at 0.7780.
Reason for the trading strategy (technically):
We remain bullish above long term support as 0.7655 (Fibonacci retracement, long term ascending support) for a push up to 0.7780 resistance (long term resistance). We watch RSI closely to ensure we are not being faked out by a bearish exit.
RSI (34) is...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing...
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..
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing...
Buy above 0.7600. Stop loss at 0.7510. Take profit at 0.7790.
Reason for the trading strategy:
Price is bouncing nicely above our buying entry from last week. This week we remain bullish above 0.7600 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7790 resistance (Fibonacci extension, Horizontal resistance).
RSI (34) is seeing...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is above major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing...
In my previous analysis, i discussed about buy setup on this pair. This pair followed that rally. Now this pair touched 200 ema on h4 and started falling from this EMA. Expecting some bearish movement on this pair.
Hello Everyone. AUDUSD is now following the pattern but as you all knows that We cant take any action until the pattern completes. So we really need to wait until it will come to the blue zone to buy thanks
