AUD/USD just completed head and shoulders and a very sharp decline; Looking for price to pull back. Very low risk to reward ratio.
TP1: .74968
TP2: .76097
TP3: .76740
The Aussie looks like is going up within the down channel. It can extend upwards outside the channel but that is not clear yet.
Entry: 0.7395
TP: 0.755
SL: 0.735
This is a 3:1 trade. Do you own analysis before risking your money.
AUDUSD is approaching our first support at 0.7428 (horizontal swing low support, 61.8% Fibonacci extension). A strong bounce might occur above this level pushing price up to our major resistance at 0.7483 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a ...
i try a long on audusd for a legit pullback at the stock market for now still in risk on may i can hope a fibonnacci retracement
i enter in 2 lot:
1 i will cut at 0.7500 and get 23 pips in gain
the second i will put a sl at +15 pips for secure this trade
Buy above 0.7560.
Stop loss 0.7513.
Take profit at 0.7659.
Reason for the trading strategy (technically):
AUDUSD is approaching its support at 0.7560 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we expect to see a bounce, causing price to rise to its resistance at 0.7659 (61.8% & 50% Fibonacci retracement, ...
This is a long term trade because i made my analysis on weekly chart.
We are very close to inclined support line on weekly chart also i see some bullish divergence at rsi indicator.
Buy-in zone:
0.74-0.76
Profit Target:
0.8155
PS: Do not forget to take profit at 0.8155 because there is a historical resistance at this level. We can pass it but it will be ...
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7486 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also reacting off our resistance and ...
AUDUSD bounced nicely off its support at 0.7481 (61.8% & 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 0.7543 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance). We have also identified another support at 0.7449 (78.6% Fibonacci retracement, horizontal swing low ...
AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term ...
The Australian dollar is strengthening from its previous drop. Price has reversed from low; price levels possible to return to previous price levels, to 100% fib level (TP1), 127% fib level (TP2) or 161.8% (TP3). Trade idea is for educational purposes
AUDUSD to $.80 cents
- This is due to the interest hike in the US which is negative to the economy.
- Australian and New Zealand Markets are booming.
- Employment is very good in both countries.
- US Economy against AUD is in a down trend based on Weekly Charts. (USDAUD)
AUDUSD is approaching its support at 0.7560 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we a bounce could occur, causing price to rise to its resistance at 0.7659 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 9.6% where a corresponding bounce ...
