Using the elliot wave theory, I envisioned the future price movement for this pair. As a conservative trader I will wait for a complete breakout of the resistance line(zone) to make the new wave 1 and wait for retest which is the new wave 2. Then we can go bullish on this trade. Entry will be 0.65873 and possible exit will be 0.7000.
AUDUSD is following a month old trend line, giving a clear buy signal to keep moving forward. The chart above shows a strong support level also being approached right now, which makes it just the ideal time to get into a long position right now. I am not setting any TP level for this pair at the moment and going to just let my profits run for the current time.
AUDUSD had been on the bull run for some days. But, there is a pullback expected till 0.64500 level which is necessary too. But, we are still bullish for AUDUSD pair. So, this time stay neutral or if you want too you can short with TP around 0.64600.
SO, WAIT TILL PULLBACK APPEAR. BUT REMEMBER IT's STILL BULLISH. SO TRADE SHORT CAREFULLY!!!
As can be seen in the chart, AUDUSD is showing a very steep uptrend line, which means nothing but strong continuation of it's uptrend in the near term. I see the uptrend continuing in this pair and going up to 0.65850 levels, which is where I would place my take-profit level. Such clean, steep uptrend lines are always good to trade!
The strong upward trend in AUDUSD seems to want to continue, as can be seen in the chart above. I expect the upward move of AUDUSD to continue in the near term, and test the next resistance level of 0.65350, which is where I have placed my take-profit target. I expect some volatility in this pair with the upcoming CPI news announcement for AUD.
AUDUSD has been upside from last 3 days. Also, trendline in day is broken. It's a great opportunity to buy. Trust me,will give you profits. HOLDING PERIOD WILL BE THIS WEEK.. for target of 0.66500 and above.
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AUD/USD HAS FOUND ITS FOR FOR NOW. BUY!!!!!!
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AUDUSD: FALLING WEDGE IN MONTHLY TIME ZONE
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I'm looking for a W pattern but first I'm expecting to see if the market fills up the wick before shooting up to the downtrend line resistance Zone if we break the Yellow or the wick fill zone we going to go to the downside lets keep an eye on this one
AUDUSD is currently in consolidation and showing some bullish characteristics. It will be interesting to see if we can get price to trade below 0.6702 for a potential long to and 0.6763. In the event, we trade to 0.6763 before breaking the 0.6702 low, the trade is not valid.
If we trade below 0.6702 we shouldn't see the range low taken out and if it is then the...