After hitting the support level for a good amount of times I think we can expect a long trade for the next week.
I would place an entry order at: 0,72100
TP1: 0,73000
TP2: 0,73300
Goodluck trading and follow me for more analysis!
aud/usd has some interesting price action right now. price broke an uptrend line and is in a major zone. we will be looking for certain things to happen before taking on a trade. there is always potential for price to move upwards so we will keep that in mind incase we see some bullish movement out of the zone
We have entered a short trade in our latest signal and we have reached our targets generating 110 pips. - See attached-
The Australian Q3 GDP numbers released and disappointed the consensus by a wider margin as it limped higher by +0.3%/qtr.
“GDP expanded by “only” 2.8% in 2016 and 2.4% in 2017 and yet the labour market is robust and wages are rising, albeit...
AUDUSD tested prior highs with a double top - i am expecting this market to fill the gap, short term momentum rolling over, it could possibly move even lower, so watch this market.
Trade Safe!
Thanks for your support.
After opening quite a bit higher then we closed last week on AUD/USD we have dropped again to the support level of 0.73350.
If the support level won't be broken we could see a nice bounce to the resistance level of 0.74350 this week.
Goodluck trading and follow me for more analysis!
As we can see in the 4H chart there is a clear rejection of the resistance level of 0.73300
First target is 0.72650
Second target is 0.7200
Goodluck trading and let me know what you guys think about AUD/USD!
Called the bottom in my Telegram group in late October. Easy Wyckoff Method spotted (accumulation, then spring). Now currently in the markup phase a re-accumulating for low-risk buys. From a standalone TA perspective this pair broke the major downtrend of this year and AUD itself is oversold. Expected price target is shown above. t.me
I will open Sell if the price will make fake broke of 0,72505
goal 0,7180
- Price bounced several times from key level
- Yesterday the price moved down it was 1st wave, today there can be 2nd wave down
AUDUSD H1 Broadening Top patterns & Short Setup
SHORT AUDUSD @ 0.724
SL @ 0.727 (30 Pips)
TP @ 0.7186 (54 Pips)
RR: 1.80, SWING Setup!
Enjoy our limited Content and Setups,
leave us a like and Comment!!
