FX_IDC:AUDUSD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 CORRECTiON: Wave A = usually around the...
We see that price has closed above .73400s - .74000s, which has served as a major resistance level out on our daily timeframe. Should we drop down to an hourly to execute, we see that a pullback into structure is the best way to get involved long, as the market has signaled it's intention to go higher. We see that anywhere in the grey box (daily resistance zone)...
AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...
If you check hourly chart you can see that we had two retracements to the 61.8fib level of the most recent upmove there. Both times we came right back up and had a close well above the 3x3 DMA (Green). If you are not long already, right now could be a good spot to open a position for a move to the next Target on this chart. Interesting is that this Target stands...
2.618 setup completion !
This is "another" simple gartley - Any questions P.M. me. I'll be shorting at D completion - Depending on the markets movements that day my tolerance for risk can vary and would then "LONG" my C to D completion. If my Gartley completes my tolerance for risk will be sitting at around "80% - 90% certainty"
Trade entered into earlier but did not post. Looking at the horizontal support level to hold, Daily still giving buy signal
The AUDUSD FX:AUDUSD daily chart shows several tailed bars which suggest rejection of lower prices. The daily chart looks to be drifting up into the higher side of the longer term trading range at 0.7380. Whilst above 0.7000 prices remain bullish and traders could consider buying with targets to 0.7295 and then 0.7385
daily and 4h charts both are showing bullish signals on key zones. 1:1 R/R to
AUD/USD ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...
FX:AUDUSD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
If my counts aren't all over the place, this would be a good chance to get long on this pair for a longer term. But wait for the confirmation
Potential bullish 2.618 pattern.