The aussie dollar continues to trade in a random walk manner this week, building up pent up energy for the eventual breakout of the channel that is formed between 0.74270 and 0.72877. As areas of values on both sides continues to build up for stop loss hunting by the market makers, a whipsaw like action could potentially form before breaking up to the upside....
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Expecting AUDUSD to pick up after we had a major retracement. if we break the channel however, then this idea is not valid.
Expecting bullish movement to continue after we are done with the pullback.
Expecting to AUD to pick up here, once we get our combination of price action approval and breaking of the trend line confirmed, then i would assume its a bullish market. If we break the channel we might test the bottom one more time before heading back up.
I feel very confident we will see upside on AUDUSD as we have many confirmations here. Let's see how it plays out!
Hi Traders! The FX:AUDUSD trend is BEARISH on daily chart. You don't need a lot of comments, the chart speaks for itself .. Potential harmonic structure in development. If there will be some technical conditions, we will post some update on intraday chart.
FX:AUDUSD Awaiting Correctional Wave ABC Potential correction on Elliott Wave Rules for Elliot Wave Wave 3 can never be the shortest impulse wave Wave 2 can never go beyond the start of Wave 1 Wave 4 can never cross in the same price area as Wave 1 Support Level: 0.7750 Stop Loss: 0.7740 Target: 0.7928 Risk to Reward: 1:5
AUD/USD likely to retract. Simple Moving Average (7 days) and Long Term Moving Average (28 days) on a 4 hour interval chart are approaching a cross over indicating a change in market direction Relative strength indexes indicated the pair had previously had been overbought on a 4 hour interval chart and remains overbought on a 1 day interval chart at 73.84%...
Our preference: position below 0.7605 with targets at 0.7560 & 0.7535 in extension. Alternative Scenario: In excess of 0.7605, aim for a continuation of the rise with 0.7630 & 0.7655 in line of sight. Comment: the support sinking to 0.7605 triggered a bearish acceleration on the support at 0.7535.
Our Plan Sell @0.7695 SL-0.773 TP-0.76 (We have sold small lot @0.7675)
Possibly a wave five has started at the top of the correction I'm expecting a nice three waves down before bouncing up.
#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; }
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
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 &...
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...
AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...