AUDUSD on the daily time has a beautiful upwards trend that has been going on for some weeks. It looks like it might soon reverse in at least a corrective down wave. Sell at: 0.7980 and or at 0.8022 Take Profit: 0.7813 Stop at: 0.8050
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AUDUSD shows a nice buy setup on the daily time frame. As you can see the range is narrowing from 2 perspectives. Its also reaching a support level. All this together can lead to AudUsd bouncing back up. Open: between 0,7535-0,7570 Stop: 0,7490 TP: 0.7640 TP 2: 0.7710
AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72 Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is...
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...
This correction is almost over and i think the market is ready for next up move. Please trade with care.
Hi guys, as you can see on the left hand side of your screen we're up to a previous level of structure. And in doing so, price has formed a nice pinbar showing buying pressure. When i look at the 4 hr chart then, an engulfing pattern appears following a pinbar, and that gives me reasons to believe we could see a reversal at this point. With a little retracement,...
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 :...
The chart explains all. Stop at 0.7990 Take Profit at 0.7860
AUDUSD on the weekly time frame looks ready for a corrective wave down. It touched the resistance and it as the higher side of the trading range. This means chances are it will atleast test the low of the range again and possibly also the next support! So beautiful sell setup to hold into next week
Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow...
Time for a long term prediction on the weekly time frame. Since its the weekly time frame it can take 2 up to 5 months. Basicly what you can see is that the past months AudUsd has been trading in a very tight range after being 0.88+ for a while. So far this tight range has contained itself but the 1st cracks are appearing. The Stoch and ADX indicators are all...
Buy above 0.7577. Stop loss at 0.7556. Take profit at 0.7642. Reason for the trading strategy (technically): Price is now right on our buying area. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap...