I hold a point:Good charts does not more words to explain! Good luck!
We see the pair moving down to 0.7550 level very soon. We take short position when the price breaks lower trend line at 0.7675
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.
#include using namespace std; int main() { setlocale(0, ""); double num; cout << "0.75267 "; cin >> num; if (num < 10) { //If the price breakthrough the price 0.74466 = short term Downtrend cout << } else { // If the price breakthrough the price 0.75664 = short term Uptrend cout << } return 0; }
Entry price: 0.75323 Possible short as pair consolidates at highs of the year. Could Yellen speech have a drastic effect?? We shall find out!
S/L - 0.76150, T/P - 0.72000
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.
This chart is truly self-explanatory if you are long before .75000 at this point, Contact me to notify your willing to Paypal.me the capital you will otherwise be losing in this market lol. Believe me don't beat yourself up over the holiday season spread the cheer!! lool.
Filled on this 261.8 Butterfly Pattern completion. Comment where you think I should put targets!
Divergence is building on H4 and low time frames confirm a week movement upwards, I expect the price to correct till the trendline and further move towards 0.7697 presenting a shorting opportunity.
RSI is closer to overbought than I would imagine the market would be comfortable with going into a major interest rate decision. So I am looking for consolidation after not so great FOMC news.
It's a potential short position for at-least 100 pips. Based on AB=CD And Gann Analysis, It's a potential short position for 100 pips. In a low time-frame (1hr) this short position is also conformed. TP & SL are mentioned in the chart. My Stop Loss is 0.76800 based on my strategy. Adjust your Stop Loss according to your lot size, account equity ,strategy &...
Technical's confirm trend channel reversal. Downside is on the horizon.
A lot of peeps here have lost loads of money shorting AUDUSD at the wrong time, well its time to get your money back ! This setup has a great R:R ratio, get on the train, make sure you place your SL exactly where i placed mines, there is FOMC today am expecting alot of volatility, regardless of the outcome this pair should go down. Divergance + MACD going down +...
SUMMARY: The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its...