I have been mainly bullish on risk on pairs like the aussie dollar for the past for weeks. This weeks' price action is making me switch my bias. The pair looks short to mid-term bullish and looks like it will trade in a range for the large part of 2022.
We are expecting price to visit 0.70 for a strong rebound. After that we will switch our strategy...
So this week was surely unexpected to say the least, however I am happy we are past that. Next week will be amazing. Focus on entries and patience. Let the market work, then you look to capitalize. Happy Trading TradingView Fam!
- We can see the price has broke the previous structure level with strong Daily Bullish Impulse.
- Well all the down wave is corrective and made nicely Ascending wedge which is also a clear Indication of bulls are taking in charge.
- I am expecting a great long run coming weeks in this pair as DXY is also all set for short.
- AUDUSD is currently...
Hello my beauties.
I noticed that the pair has come to a nice selling climax, and given the strength of the AR (automatic reaction) in proximity of the long term bearish trendline that was broken to the upside, I see this as a possible accumulation. Personally, I will wait for a nice spring below the TR (trading range, in red) to enter a long trade and gain some...
Broke out Descending channel and Started making Higher highs. Possible to make a Higher low on Fib 50 or 61.8 level. 0.7312 is a strong support level and it is possible to bounce from that level. If it shows strong green candles it is possible to go upside.
AUDUSD had retraced back down at 0.382 fib level since the rise on 23rd, Aug, which is reasonably deep (I was expecting 0.236 level ).
If price goes down below 0.73356 I'll expect worse scenario that it want to go down to 0.72917.
Given the fact that this pair has been in consolidation and creating higher lows, it's reasonable to think it will go up to retest...
Australian Dollar (AUD) / United States Dollar (USD)
15M time frame
Entry at 0.73538
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THE CRYPTO PLANET
The aussie dollar saw itself correct to the downside after an amazing in the last week of August. We think that the correction is over and the risk on pairs like AUDUSD looks set to blast off to the upside.
Targets lie at 0.76 where we could see another bout of consolidation before even more upside.
If price continues to correct to the...