AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears. Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
Price has made a W formation with a break and retest. If price pulls back a bit, we may be able to catch a decent entry to take price back up.
AUDUSD bounced off 0.68653 where it could potentially rise further to 0.70130. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD is approaching its resistance at 0.68354 where it is could reverse down to its support at 0.65568. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
after all i notice on the chart high probability trend go up to test the resistance zone
High probability trend go up to test the resistance zone after test vwap
Wait till the price enter into BUY AREA.
AUDUSD reversed off its resistance at 0.65750 where it could potentially drop further to 0.64737. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD to reverse from its downside confirmation at 0.65700 where it could potentially drop further to 0.64861. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
->>>>>> If you are an investor and you are interested in our quality service <<<<<- We are ready to manage your Portfolio or your trading accounts Special returns monthly - Safe Service - number #1 in Africa Contact us on Telegram: @medalmahe Contact us on this email
AUDUSD expected to rise up to 1st resistance at 0.655542 where it could potentially react off and drop down to 1st support at 0.64608. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD expected to rise up to 1st resistance at 0.64739 where it could potentially react off and drop down to 1st support at 0.63779. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Confirmations: 1-Bullish trend on Daily TF 2-Offer zone 3-Order block 4-Fibonacci level