If the level of 0.852 was broken we will go in for long that level actually is so strong and we`ll wait to see - if the price was reached to 0.8045 will see confirmations for short opportunely Good Luck! :)
The AUDUSD came close to breaking key trend line support during yesterday’s session. But buyers made a stand in the final hours that appears to have averted the breakdown, at least temporarily. If you had this trend line just a few pips higher, yesterday’s session would have signaled a break in support. This is why drawing levels accurately is so important. I...
MARKET ANALYSIS: The pair has broken the triangle resistance and is now broken the supply zone. Now after the successful retest of the broken supply level. Now the market may give a new higher and move to the next major resistance. So lets wait and see what the market does in the coming days. Cheers!
Today saw a less than stellar prints for Building Permits and Housing Starts out of the US, and although they have not moved the market much themselves they will nevertheless go into the pot for currency strength consideration. Later on this afternoon we have the FOMC meeting minutes which does have the power to move the market. If the market sees dovish...
Today saw a less than stellar prints for Building Permits and Housing Starts out of the US, and although they have not moved the market much themselves they will nevertheless go into the pot for currency strength consideration. Later on this afternoon we have the FOMC meeting minutes which does have the power to move the market. If the market sees dovish...
Uptrend in sub wave "C" will continue. All the best Traders.
Hi traders! As I'm looking at this chart, it's telling me that AUDUSD as somehow topped when it traded to 0.80 and now is looking for some retracement before knowing the real deal. MACD already crossed and RSI seem to have maxed out. RR is our favor here since we are shorting a TOP. AUD/USD SHORT ENTRY : 0.79307 SL : 0.80042 TP : 0.76887 Trade safe!
Entry: Sell at 50% Retracement of Daily Bearish Pinbar after Reversal at Weekly Level TP: Weekly EMA20 Trailing: Close Trade if Daily Close below Daily EMA 5 Notes: Trade opened 08.08.2017. No trading advice, this is a trading log.
Currently speaking i am looking for AU to retest structure highs of around .77 before i will start to looking to add long positions into a swing trade. If price respects the monthly pivot (shown in the green arrows) and goes for a retest of R1, i believe we will see a break of 2015 structure highs and continue up to around the monthly R2 level (also shown with the...
I am long AUDUSD here after this last pullback. I expect the retest of this weeks highs to come in early next week.
Buy above 0.7969. Stop loss at 0.7911. Take profit at 0.8066. Reason for the trading strategy (technically): Price is now testing major support at 0.7969 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level for a rise at least to 0.8066 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) is...
Sell below 0.7969. Stop loss at 0.8005. Take profit at 0.7841. Reason for the trading strategy (technically): Price is hovering below major resistance at 0.7969 (Fibonacci extension, horizontal swing high resistance) and we expect to see a drop from this level towards 0.7841 support (Fibonacci retracement, Fibonacci extension, horizontal pullback support). The...
Sell below 0.7871. Stop loss at 0.7937. Take profit at 0.7741. Reason for the trading strategy (technically): Price is hovering above key support at 0.7871 (Fibonacci retracement, horizontal swing low support) and we prepare to sell once price breaks this key level. Our profit target is a push down to next key support level at 0.7741 (Fibonacci retracement,...
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...
Sell below 0.7802. Stop loss at 0.7843. Take profit at 0.7741. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area as expected and is fast approaching our profit target. We remain bearish looking to sell below 0.7802 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to at...
Sell below 0.7833. Stop loss at 0.7862. Take profit at 0.7769. Reason for the trading strategy (technically): Price is testing major resistance at 0.7833 (2 years high, Fibonacci extension) and we expect a reaction off this level to at least 0.7769 support (Fibonacci retracement, Elliott wave theory). We would require price to break this level first before we...
Sell below 0.7750. Stop loss at 0.7774. Take profit at 0.7708. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7750 (Fibonacci extension, major swing high resistance) and we expect a reaction off this level to see a drop to at least 0.7708 support (Fibonacci retracement, horizontal pullback support). A break of this...
AUDUSD has fallen back below a major resistance level as expected and we have the opportunity to short from here for 100 pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like...