its going down because austrlian central bank wants it at that level.
Order set at 0,38 Fib Target 1 Wave 3 Low Target 2 the 2,618 ext of the W1 0,7808
Watch AUDUSD H4 (20 Min) 1. Support was broken @0.80467 2. Will try to re-test last high 3. 10 SMA, 50 SMA and 200 SMA are lagging behind and are close to the last high 4. 0.618 fib level is right at the place where last high was making it a good place to short 5. Stop @ 0.81758 6. First Target @ 0.79255 7. Second Target tail as it is reaching weekly support area...
AUDUSD go down because you see The Gartley Pattern
my position was 3 lots on short 0.8250 1 lot was closed by take profit 8200 2 lot was closed by TP 8160 3 lot in position my opinion will be breakout support area with target 8100
If will be not GAP UP to 8200+ on open stock 12 jan 2015 / i will be short ; very strong ressitance 8200 entry 2 limit orders risk reward 1:6
Just a quick long idea. Bottom line should b 0,804, T1 0,81
Simple support turned into resistance. Re-entry into trend. Look for D1 opportunity to sell into trend. watch the 0.81 - 0.82 level, depending on how the D1 closes. Do not rush to sell. I personally have a sell limit at 0.82. Look for bearish pin bars/rejection pattern around the 0.81-0.82 level.
Apologies for repeating this post my chart didn't come out properly but still the same analyses on AUD/USD 4HR Monthly support broken now historically finding a previous floor with 2 targets in mind. First is the daily fib 3.618 retracement 2nd the next level down which is also the length added from its average range and confluence with a monthly support. Lower...
Been in and out this long term trade over the last couple of weeks and looking for another possibly on the descending trendline. I believe there is still a lot more dropping to do after a top down analyse from the monthly to the 4hr . With lower lows and highs still in play and recently a monthly support now broken im targeting the next fib and monthly support...
my opinion i entry limit order in area 8200 and 8202 first target 8161 second target LOW of day 8121
Potentially have a Gartley Sell pattern on the 60 minute AUDUSD. While the ratios aren't 100% right, if you look further left you'll see that D lies in an area of previous structure and coupled with an increasing RSI it seems reasonable to assume there will be some downward action at that point. SELL @ 0.8566 BUY @ 0.8615 (SL) BUY @ 0.8489 (TP) Risk: 59...