Sell below 0.7889. Stop loss at 0.7933. Take profit at 0.7738.
Reason for the trading strategy (technically):
Price has risen back up to our major resistance area of 0.7889 (Multiple Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction from this level to push price down to 0.7738 support (Fibonacci ...
Sell below 0.7837. Stop loss at 0.7904. Take profit at 0.7738.
Reason for the trading strategy (technically):
Price has dropped really well for our selling area. We look to protect our position by closing half and moving the rest to breakeven. Our view is to remain bearish below 0.7837 resistance (Fibonacci retracement support-turned-resistance, pullback ...
Sell below 0.7837. Stop loss at 0.7904. Take profit at 0.7738.
Reason for the trading strategy (technically):
Price has whipsawed around our entry yesterday. We remain bearish below 0.7837 resistance (Fibonacci retracement support-turned-resistance, pullback resistance) for a further drop to at least 0.7738 support (Fibonacci extension, horizontal swing low ...
Sell below 0.7891. Stop loss at 0.7955. Take profit at 0.7789.
Reason for the trading strategy (technically):
Price is dropping perfectly as expected from our selling area. We remain bearish looking to sell below major resistance at 0.7891 (Multiple Fibonacci retracement, bearish price action) for a push down to at least 0.7789 support (Fibonacci retracement, ...
Sell below 0.7891. Stop loss at 0.7955. Take profit at 0.7789.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7891 (Multiple Fibonacci retracement, bearish price action) and we expect to see a strong drop from this level to push price down to at least 0.7789 support (Fibonacci retracement, horizontal overlap ...
Sell below 0.7834. Stop loss at 0.7872. Take profit at 0.7768.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7834 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off this level to push price down to at least 0.7768 support (Fibonacci retracement, horizontal overlap support, ...
Sell below 0.7868. Stop loss at 0.7910. Take profit at 0.7794.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7868 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction from this level to push price down to at least 0.7794 support (Fibonacci extension, horizontal swing low ...
Buy above 0.7794. Stop loss at 0.7759. Take profit at 0.7868.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We prepare to buy above major support at 0.7794 (Fibonacci extension, horizontal swing low support, bullish divergence) for the bounce to at least 0.7868 resistance (Fibonacci retracement, ...
Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has reversed nicely below our selling area last week. We remain bearish looking to sell on the pullback to the resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action) for a further push down to at least 0.7791 ...
Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target area before bouncing up and is approaching our major resistance once again. We look to sell on the pullback to the resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish ...
Sell below 0.7868. Stop loss at 0.7913. Take profit at 0.7791.
Reason for the trading strategy (technically):
Price has broken a major support level and we look to sell on the pullback to this resistance area of 0.7868 (Fibonacci retracement, overlap resistance, bearish price action, descending resistance) for a push down to at least 0.7791 support (Fibonacci ...
AUD/USD showed a smooth growth and is still located below the resistance level 0.7893, which is also a local maximum. Overall, the pair is trading in the consolidation, but given that AUD/USD is near its upper limit, we should consider the scenario of its breakout. The move should be sharp and on large volume. A stop loss should be placed below the breakout ...
