Price is moving down in Downward channel. I think there are a big chance for next price decreasing to 0.6826
Reasons:
1. Long — term trend is still bearish. Most of the time the price continue trend move.
2. Major currencies (EUR, NZD, CHF, JPY) move down like Australian dollar.
3. Take look on weekly chart, the price closed under key levels 0.7145 and...
AUD/USD Technical Strategy: SHORT BELOW 0.7200 LEVEL
Australian Dollar rebound stops on test of downtrend resistance
Break of support above 0.72 needed to signal bearish resumption
Short AUD/USD trade remains in play absent confirmed reversal .
The Australian Dollar managed to capitalize as its US counterpart retreated against nearly all of its major...
We can see a triangle pattern in case of bouncing from the marked support area and breaking above the upper triangle the pair will possibly go more up but if we break below the marked support and closed below it the pair will possibly go down
AUDUSD is moving in a downward channel for awhile.
ENTER SHORT POSITION with following preferences:
SHORT @ 7281.
SL @ 7361. -72 pips
TP @ 7051. +230 pips
AUDUSD Possible break for next few days keep watch and safe trade
SL use for 2% Of your capital
Trade manageable lot size and use trail stop to protect your profits from 10 Pips
Hello Traders,
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7384 high ended blue wave (X) bounce. Down from there, the pair has broken to new lows already confirming the blue wave (Y) lower. Thus suggesting that the right side in the pair is to the downside. The decline to 0.7084 low unfolded in 5 waves impulse structure. And should have...
Hello Traders,
AUDUSD ended the cycle from 08/21/18 peak (0.7383) at the low of 09/03/18 (0.7166) in black wave ((w)). The internals of that move unfolded as an Elliott Wave ZigZag structure, which it ended blue wave (a) at 08/23/18 low (0.7238), blue wave (b) pullback at 08/28/18 peak (0.7363). From there it ended blue wave (c) of black wave ((w)) at 09/03/18...
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M30 having Wave 1 till Wave 5
Corrective Wave A B and C in making
Waiting for setup iVi SELL to enter position
Malay
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Di TF M30 terdapat Wave 1 hingga Wave 5
Corrective Wave A B dan C dalam progress
Sila tunggu setup iVi SELL untuk masuk position
NOTES !!!
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If there is iVi BUY at H4
Then M30 setup automatically...
AUD/USD labeled in an ABC bullish correction, where wave B unfolded as an Expanded Flat and ending the pattern with an Ending Diagonal in its last leg.
Expecting a solid bullish outcome.
