We're nicely in between weekly and monthly resistance/support levels and just broke above weekly resistance.
Looking to long at 0.7190 stop will be at 0.7050 TP will be at 0.7911
Downtrend - S/L 0,76250, T/P 0.71500
AS OUR STUDY EMA CROSSING AND HOLD STRONG SUPPORT BUY AUDUSD CMP 0.7460 SL 0.7410 tp 0.7550 ALERT IF TRADE 30 PIPS GREEN MOVE SL AT COST
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
FX:AUDUSD Trade the breakouts, wait for corrections; Safe Trades;
Targeting the 0.7700 zone if we get a break and close above 0.7500
Pivot: 0.7370 Most Likely Scenario: long positions above 0.7370 with targets @ 0.7475 & 0.7505 in extension. Alternative scenario: below 0.7370 look for further downside with 0.7345 & 0.7330 as targets. Comment: the RSI is bullish and calls for further upside.
very likely the there will be a uptrend to complete the ab=cd pattern the correction seem to be over and uptrend will continue to D.
Pivot: 0.7355 Most Likely Scenario: long positions above 0.7355 with targets @ 0.7425 & 0.7445 in extension. Alternative scenario: below 0.7355 look for further downside with 0.7335 & 0.7305 as targets. Comment: the RSI shows upside momentum.
Pivot: 0.7380 Most Likely Scenario: long positions above 0.7380 with targets @ 0.7445 & 0.7475 in extension. Alternative scenario: below 0.7380 look for further downside with 0.7355 & 0.7330 as targets. Comment: the RSI is mixed and calls for caution!.
Looking on the hourly chart, we see an area of interest around the 73 even handle. It sure will be interesting to see how price behaves around this level after the market opens on Sunday night. If price continues it's march downward, a double bottom with some RSI divergence would lend quite a strong signal that it is now time to get long. A number of different...