my current position audusd is short as i already entry.. reason, there a breakout
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A consolidation followed by a candle close below 26 EMA could put this pair under pressure. Means, If other indications favor our movement, we can sell this pair. However, now we follow the pair closely and see what happens next
Validations Multi-month Rising Wedge suggests to be at its end (almost two typical day bars high). Note that the previous drop was determined and vigorous, in clear contrast to the to following 3 months. Under theses circunstances, this pattern often precedes a downtrend move. Central Banks appears to be on different path - US counterpart possibly rising rates...
In AUDUSD we have ascending triangle formation, on simpler logic after every consolidation there will be a good move which happens out of breakout. I'm not strict elliott follower, I just use that for my analysis to support the decisions I'm gonna make, not to determine direction also. Sometimes rarely I used that to determine direction of Market. Its just My...
We can easily see AUDUSD is out of uptrend channel. So what are we going to do ? If AUDUSD pull back to 0.7600~0.7690. Just sell it to the strong support zone (0.7390 or 0.7330) That's all.
Hey guys, last week we saw a break of the upwards trend-line by the weakening of the euro. Now the Euro has regained strength some what and is about to challenge the trend line again but from underneath (making it a swing). Its is highly likely that we will see a rection in the 1.49 to 1.495 area as it is then the trend line will get challenged, we should expect...
A Turn is coming around the intersection of these trend lines
Here is a very attractive potential Support Resistance trade I have MY EYE on.
Here are some levels I am looking at this wk on AUDUSD
My idea is that this will go down, please post your ideas or comments below. I am not going to trade this pair as at current time there is better OP presented by other pairs. The idea i have posted below is according to monthly / weekly basis / not on shorter time frames. Possibility of 3 rectangle top formation is less, it can go further short without making a...
Most probably chances to go down in coming week. trade on your own risk.
AUDUSD still ranging within triangle pattern, enter on breakout with strict stops Happy Trading !
Daily timeframe. Rebound from the 3 year down trendline. Waiting for a breakdown of the countertrend line and support. Stop placed above the previous price action high and long term down trendline. Target is the next support level and previous low. With potential further targets at 0.7351 and 0.7179.
The daily upmove looks corrective for me I will update chart if I see a nice setup on lower time frame thank you
Okay guys AUDUSD opportunity to buy or sell here, i would advise a buy now and it we get a solid break break to leave and short, use the Heikin Ashi graph to take profits in all my trades posted here.