This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
1. A good buy entry if price breaks above 0.73300 with T.P. @ 0.74500 with S.L. 0.72700. The market has retested previous (last May of 2016) support level 0.71700. If the price continue to go up and break 0.73300 level, the bulls are in control and may possibly test the 0.74420 level where prices consolidates during November 21 up to December 05.
2. A good sell...
Hey guys,
hope you all spend a good holiday time with your friends and family. As you know, Forex never (or almost never) sleeps. And here we are, January 2nd back to the chart.
Today i want to focus my attention on this situation on AUDUSD. My analysis start as usual from higher timeframe. In daily chart we can see we are testing a former support level that may...
Note: AUD/USD followed our bearish prediction previously.
We remain bearish outlook on this pair.
There are 2 trading plans for AUD/USD:
1. Wait for the price pullback to 20-EMA and Resistance
Zone. Wait for bearish signal to short with right
risk amount.
2. If the price breaks the immediate support line.
We need to wait the price pullback to the...
The battle between the multi year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below 0.7625 level add clarity, however price structure and momentum triggers had already provided a host of evidence that confirmed an impulsive negative weekly outlook. Initial targets lie 0.7300
all the best with this pair in...
THE PRICE BOUNCED BACK AT 0.382 ZONE AND ALSO BROKE 0.236 ZONE AND MY OPINION IS THAT IS HEADING AGAIN AT 0.73100 SO IT WILL BE GOOD TP THERE AND GOOD 100 PIPS PROFIT !
1 China's economy continues to deteriorate
2 special RMB continued to fall
Based on the above two points, AUD will bear a lot of downward pressure in the future
Hi Traders,
In the team we have been analyzing this pair for a long while, we did a nice short position from last minuete b until today, 800 pips in two trades.
Now we are willing to save the profits and wait for the new uptrend move, clearly going to happen, but we are not sure when, we could get many types of flat corrections going on (regular, running or...
