This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
#AUDUSD market has formed head & shoulder pattern. And also has a cross neckline.
So the market is going to sell after retesting the neckline of the pattern.
AUD/USD has made a modest recovery after last week's drop.
However, currently, the price is struggling at the channel resistance.
Price is also below the moving average on the 4H chart which is negative
for the bulls.
So, as long as price is below the channel resistance, selling AUDUSD@0.7740- 0.7765
with SL above 0.7780 and TP at 0.7640 is a sell idea.
Audusd have strong power at the resistance zone, so i think now the price can’t break this zone and will go downward till that three targets,
But if the price can break resistance zone you should canceled your order,
We captured liquidity holding above the previous highs before shifting into bearish momentum. If we can hold the bearish structure and not break the structure at the level marked, we can expect continuation into the imbalance zone.
What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is...
Given that we are in an almost neutral range. And according to Mr. Bill William's strategy, the three trend lines are in the dormant state, and when these three lines are separated from each other and cross the rectangular range upwards, they return to their uptrend. Will continue.
Hello traders, AUD/USD is trading at 0.7590. The pair is trading in upward channel and about to make a head and shoulders patter. If the price breaks the support level at 0.7580 then it can start a new down trend and then its targets will be first target at 0.7542 and second target at 0.7500.
Follow proper risk management strategy to avoid unnecessary losses and...
HI DEAR
Using Bill Williams' strategy, after several 30-minute timeframes, we expect it to continue its uptrend. The re-entry point is determined using the blue vertical line.
I am looking to short AU 30M, first to initial TP and then to Primary TP. Confirmations looking for 1) RSI Main chart below both lines. Divergence to Convergence = Confluence, 2) Renko TF will confirm short, and 3) Looking to see when sellers enter the market from Renko MACD as additional confirmation.
