We see triangle formation, support area of double W formation and longtherm trendline, which is support. So, there is the area, where We can expect pullback in longtherm downtrend....
I posted my trade plan for this pair a few hours ago after the market opened and soon after the first target was achieved after the pair opened the market with a gap. The only thing that was not in that plan is the word gap but the price it reached was written to the last penny. That is simply out of this world and the reason they call me a forex god. Now that I...
So finally AUDUSD IS LONG but here is my scenario; It will first experience reversal to the level at 0.71106 before it resumes it's bullish trend where I am looking at it reaching it's channel top at 0.72327 then reversal again to it's channel bottom 0.71716 before it's long stretch home to the levels of 0.83000 I am seeing it getting there on this...
The reason why I am saying this pair is a good choice for going bullish now or at 0.7036 is because of the reverse head shoulder which is a confirmation for bullish momentum. I thought I should just put it out there. See it on the chart. Regards, Forexgod Follow Me On Instagram (Forexgod_) ***DISCLAIMER**** I am not offering any financial advice. Always...
with gold shooting up we should see some bears on Gold pushing Aud down but with still an uptrend, making a higher low.
Envisage for price breakout. Buy above : 0.70529 Sell below : 0.70319
Suspecting another move to the downside for this pair. Many confluences here: -Lower swing high with tweezer top characteristics. -61.8% fib pull-back. -Counter trend line break. -Current daily candle engulfing 4 previous days of price action
Expect for Price Breakout. Buy above : 0.70870 Sell below : 0.70700
Hoping for Price Breakouts Buy above : 0.70700 Sell below : 0.70529
Hope for a price breakout . Buy above : 0.70529 Sell below : 0.70319
AUDUSD is at a significant zone as the Daily candles have just wicked on to the Monthly support line. Now a trendline does not always hold or fall on a first touch. But in support of a swift reversal, we have a possible harmonic pattern completion - a 'Bullish Deep Crab,' right around the price-contact-point of the monthly trendline support. So this presents a...
While keeping the chart info to a minimum, the 7600 support was held since March but has now been broken. Range Targets also tie in with previous key levels from 2006 and 2009! 71400 bound I think for this pair for ow.
Adding a final long at the .77 level will be holding this until December if not stopped out currently still holding to longs back from .763 and .768 I feel that I wan't to enter 1 more time though and just leave it to grow. Added with the DXY weakness and beginning of inflation for AU I believe this can be a great long term trade with the potential for big rewards...
The requirement for a gartley pattern is a 0.618 retracement of point B and 0.786 (0.7855) retracement of XA for entry point. BC projection should be either 1.272 or 1.618 which in this is 1.272 (0.7876) Previous structure is crucial