Sell below 0.7991. Stop loss at 0.8037. Take profit at 0.7916.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 0.7991 (Fibonacci retracement, horizontal overlap resistance) for a push down back to 0.7916 support (Fibonacci...
We have been tracking this ascending trend line on the AUDUSD for several weeks. The first mention was on September 14, just days after the bearish pin bar formed at 0.8065 resistance.
Then on Thursday of last week, the pair closed the session below trend line support that extends from the June low. This confirmed the break and established a potential selling...
Buy above 0.7913. Stop loss at 0.7869. Take profit at 0.7986.
Reason for the trading strategy (technically):
Price has dropped strongly and is now testing major support at 0.7916 (Fibonacci extension, Fibonacci retracement). We expect to see a corrective bounce from this level to push price up to at least 0.7986 resistance (Fibonacci retracement, horizontal...
Buy above 0.7990. Stop loss at 0.7934. Take profit at 0.8083.
Reason for the trading strategy (technically):
We look to buy on dips above major support at 0.7990 (Fibonacci retracement, horizontal overlap support, bullish price action) for a further push up to at least 0.8083 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap...
Sell below 0.8023. Stop loss at 0.8060. Take profit at 0.7928.
Reason for the trading strategy (technically):
Price has bounced above our buying area perfectly yesterday and is fast approaching our profit target. We now start to sell below major resistance at 0.8023 (Fibonacci extension, descending resistance, swing high resistance, Fibonacci retracement) for a...
The AUDUSD came close to breaking key trend line support during yesterday’s session. But buyers made a stand in the final hours that appears to have averted the breakdown, at least temporarily.
If you had this trend line just a few pips higher, yesterday’s session would have signaled a break in support. This is why drawing levels accurately is so important.
I...
Buy above 0.7928. Stop loss at 0.7866. Take profit at 0.8049.
Reason for the trading strategy (technically):
Price is now approaching major support at 0.7928 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a strong bounce above this level to push price up to at least 0.8049 resistance (Fibonacci retracement, horizontal...
Buy above 0.7987. Stop loss at 0.7951. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our previous buying area. We are also seeing price make a bullish exit of our long term descending resistance-turned-support line. The aim is to buy above support at 0.7987 (Fibonacci retracement, pullback support) for...
We have a double bottom (not technically perfect) and eventual Head & Shoulders under development.
The 61.8% fib retracement synced with the H&S neck (note that the right shoulder its not forged yet, so i can expect the price to test previous support at 618 (neck), then it will forge the right shoulder or not, and i validate the right shoulder if it closes below...
Buy above 0.7966. Stop loss at 0.7935. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price is bouncing up perfectly from our major support at 0.7966 (Fibonacci extension, Fibonacci retracement, horizontal swing low support, bullish divergence) and we expect to see a further push up from this level to at least 0.8051 resistance (Fibonacci...
For those who are already short based on the Friday pin bar, a daily close (5 pm EST) below this trend line near 0.7960 could offer a chance to add to your position. It could also provide a favorable selling opportunity to those who are still on the sideline.
A daily close below this trend line support would expose the August low at 0.7820. A close below that...
Buy above 0.7966. Stop loss at 0.7935. Take profit at 0.8051.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7966 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect to see a strong bounce from this level to push price up to at least 0.8051 resistance (Fibonacci retracement, horizontal...
hello to all this is my analyse for the AUDUSD
i can not confirm the perfect trade but as we see there is a big selling power against Usd so selling is very close
and always remember do not enet in these cases until you see a good price action on lower frames
good luck
Buy above 0.8001. Stop loss at 0.7956. Take profit at 0.8121.
Reason for the trading strategy (technically):
Price is bouncing up nicely above major support at 0.8001 (Fibonacci retracement, fibonacci extension, bullish divergence) and we expect a strong bounce from this level to push price up to at least 0.8121 resistance (Fibonacci extension, horizontal swing...
