Hello Traders, Looking at the HTF we can see price is moving within a developing Descending channel which a lower low is anticipated with the short term growth of dxy in the next week. If we look at the LTF we can see that the price is correctively moving towards a double top range at top boundary of a smaller channel within the larger structure. Only with...
AUDUSD is going down in a traditional bearish momentum now market is retesting the broken structure and than will continue the trend look for bearish confirmation on lower time frames and sell AUDUSD with proper money management and risk to reward ratio always remember Patience is the key
Thanks for viewing, This is my tentative view on the AUDUSD pairing over the rest of the year. FOREX loves to stay within a channel, this pairing is no exception. In my view the market weakness is about to steepen. What was trend-line support is now resistance. Look there are a lot of pretty colours, so I must be right. 1. There is some weakness shown by the...
After a long bearish trend, the Australian Dollar is now in a bullish trend. It is currently at the peak of its resistance level which is Fib 1%. It is making Higher highs and higher lows so the bullish trend is confirmed. But on the resistance it is showing bearish candles which indicates that we can take a small short position of just 200 pips target.
Hi Traders, this is just my ANALYSIS so PLEASE BE RESPONSIBLE with your own Trades. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime. I am still a NEWBIE and still in a Learning Process... FEEL FREE TO LEAVE A COMMENT! Thank You! - TCT
The price is in the rising wedge, but we expect that the price will break to the downside. Gator shows that the price will decrease, and MACD give the selling signal. target and stop loss like in the chart entry: wait for the break out of the wedge. For lower risk trade , you can take an entry at the retest of trendline to confirm it as a resistance
Major trend is downwards and it will go further down. On hr timeframe, it seems Wycoff distribution pattern is going in its last phase (slightly move up) and then sharply go down.
On the H1 time frame, a pullback to the support zone at 0.6870, in line with the Fibonacci confluences and ascending channel’s support could see a bounce to the resistance target at 0.6930. Failure to hold above the support zone at 0.6870 could see further downside to the next support zone at 0.6820.
AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Price is a little bit choppy at the moment. The 4H has recently broken structure to the upside, so we can expect a pullback. This looks to be confirmed with the 15m switching bearish. I will look to position for shorts should price pullback into my Supply zones
AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:AUDUSD We can see market is going to make a long trend...
AUDUSD had been trading in a bearish parallel channel. Recently price has defined its swing low at 0.66800 where a bullish hammer formed (Bullish Candlestick Pattern). Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from...
AUDUSD Intraday - We look to Sell at 0.6880 (stop at 0.6930) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Our profit targets will be 0.6730 and 0.6540 Resistance: 0.6970 / 0.7130 / 0.7315 Support: 0.6780 / 0.6540...
AUD_USD Strong Bearish Demand level was break, I am expecting a retest, And a move down towards the target SHORT
We can see on the higher timeframes the 1D and 4H, that price has taken sellside liquidity on two occasions, so can look for weekly expansion to the upside