Buy above 0.7377. Stop loss at 0.7334. Take profit at 0.7441. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback...
Buy above 0.7332. Stop loss at 0.7290. Take profit at 0.7426. Reason for the trading strategy (technically): Price has started to bounce up nicely from our buying level. The plan today is to remain bullish above major support at 0.7332 (Fibonacci extension, Elliott wave theory) and we expect a bounce above this level to at least 0.7426 resistance, (Fibonacci...
AUDUSD is still in it's downtrend channel like shown in my analysis. I am looking for a drop near the bottom of that channel. Trade safe!
The trade range of AudUsd is narrowing. It has come at a point where it will break the channel of bounce back up. When looking at the indicators it looks like the selling pressure and bearish trend is to weak to for a break to the down side. So a buy position aiming at the upper channel and a possible break of it would be the best. Use a stoploss at 1.7410
AUDUSD price has since pulled back , but is still trading above that key support. looking to buy on a pull back to support remain. 0.7550 – 0.7500 area is a strong potential buy zone either on a signal or blind entry.
Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
Over the weekend I mentioned the 0.7608 handle on the AUDUSD. It’s an area that has directed price action since the January 24th high, and in my opinion, it’s the most obvious technical level in the currency market at the moment. I know some will disagree with that, but allow me to explain why I think so. Not only is 0.7608 a long-standing pivot, but it’s also...
Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): Price has shot up perfectly and has reached our profit target. We prepare to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap...
Hello fellow traders, AUD/USD pair might be building a broadening falling wedge. Wave IV is expected to enter wave I teritory. If it so, it gives us an opportunity to enter short positions - wave V. Also it is attractive because of the Risk/Reward ratio. So, lets start selling. Sincerely, Trader.
I like a nice move up from support level. also a nice bearish bat setup. Lets see it hit TP.
A very nice setup for huge profits. Sell at current level or break of triangle and book profit at 0.7250. We will share lower time frame charts to elaborate the idea. Best of Luck !!
It’s no surprise that the AUDUSD challenged the confluence of support at 0.7608 yesterday. The pair looked weak during the last 48 hours of trade last week which is something I mentioned over the weekend. The 0.7608 area is the intersection of trend line support from the December 2016 low and a horizontal level that’s been a factor since the January 24th high...
AUDUSD overall looking sideways and thus I would like to trigger a long position near 0.7580 (Support & SnD-D1) with a stop around 0.7525 region and targeting the short term resistance near 0.7660 region. As long as AUDUSD trade below 0.7770, I would consider AUDUSD sideways and gonna short at the top unless 0.7800 got taken out.
Buy above 0.7632. Stop loss at 0.7608. Take profit at 0.7683. Reason for the trading strategy (technically): Price has reached our profit target from Thursday. We are now bullish above major support at 0.7632 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7683 resistance once again (Fibonacci retracement, Fibonacci extension,...