Hello fellow traders, Please find alternative development of the Aud/Usd pair. I look forward to your comments. Sincerely, Trader.
Ascending Triangle WITH HIGHER LOWS and the resistance is holding strong ! this is a great selling opportunity and i will say to sell now and TP@0.73300 IT WILL BE A GOOD 1/2 RATIO TRADE ! TRADE WITH CARE!
SELL SETUP Entry: 0.74669 Stop Loss 0.7490 TP 1 = 0.7410 TP 2 = 0.7387
Intraday levels for 7.12.2016 PT 10 pips, SL 12 pips. Happy trading
Buy with stop loss 7400,, take profits 7500 Buy Stops 74 Take profits 7500
Almost horizontal top trendline provides wonderful resistance for the pair so far. The triangular shape if works well, will break the consolidation and move upward and test the upper trend-line. Breaking down the lower trendline may change the structure.
The battle between the multi year downtrend and the one year uptrend has likely been won by the LT downtrend. A weekly close below 0.7545/65 will initially target 0.7380/00, a break of which would target 0.7150/00 GL and please give this is a 'thumbs up' if you feel it deserves one!
Overall Downward Trend. After the price pull back 2 days, here we see a strong bearish bar as a good signal to short now. EP: 0.73950 SL: 0.75049 TP: 71850
Please, be care yourself & and your money!
Hi traders, this is my analysis on AUDUSD. Price is coming back to retest a previous broken support. In case like this a broken support could turn into a resistance and provide a good point for reversals. We've identified two levels but i think the first is more important cause, look left, it has proved to be strong two times in the most recent time. So as usual...
The price bounce back to support zone. And now, there are bearish signal appeared after touching the support zone. We monitor closely and waiting more bearish signals to entry this trade. Trade with right risk management skill :)
Zoom out the Day Chart, you will able to see a super long downward trend. So overall it is bearish. But, recently, the price breaks the upward trend and with 2 days Pull Back. Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down. It is a good time to short it now.
YOU CAN SEE AUDUSD MADE A BIG JUMP THESE DAYS AND ARRIVED AT THE RESISTANCE ZONE SO IS ONLY A MATTER OF BREAK OUT OR PUMP BACK ! MY ENTRIES ARE THIS : BUY ---> @ 0.79100 AND TP@0.81100 SELL ---> @0.77400 AND TP1@0.76180 TP2@0.74700 ( AFTER THE PUMP BACK)