AUDUSD bound by a downward channel in the 4-Hour timeframe
Without much economic news affecting the pair.
We expect the movement will be greatly on the technical side.
As we see on the parallel channel the price hit its resistance and now starting to move downwards.
Our bias for this weeks moves is short.
Sell Entry : 0.77470
Stop Loss :...
There's a good chance of second Coronavirus wave & this one could be even more deadly, people have started to get out of their homes, countries are opening up, Autumn/Winter is coming, the flu season.
1918 flu lasted three years, what makes you think CVOID will end in just 7-8 months?
What I'm looking for on Daily TF:
1. Price to form a Bearish Variation and pullback
2. Price to find support at previous Major Resistance
3. Price to form a bullish variation at previous Major Resistance
What I'm looking for on H1/M30 TF:
1. Price to Break uptrend structure and form a downtrend
2. Downtrend momentum to slow down near Retest zone
3. Price to break...
Although AUDUSD has had a strong move up during this week, looking at the Monthly chart continues to suggest a bearish move is about to continue.
I'll be looking at the approaching lower-high levels for a short opportunity with 1:5 R:R.
This is just an idea, trade your own plan.
AUDUSD – Last week the market had bearish movement. The weekly candle closed as a bearish rejection candle. 0.75000 was met as stated last week in SLFX Trading members weekly trade journal. We are not back at the estimation zone. This is the 4th attempt to break this area and price is still making lower lows and lower highs. A break of this zone can lead us down...
AUD/USD 4-hour chart
AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
AUD/USD failed to sustain prices above the 0.7300 handle while technical indicators are weakening.
AUD/USD is set to remain capped by 0.7320 with a potential drop to the 0.7250 level in the coming sessions.
RSI Diverging From...
AUDUSD Short Trade Idea: Another Great Trade To Search For Sell Set-Ups: Looking For This Pair To Continue With It's Down Move This Week. If You Choose To Enter Here, Have Your SL At 0.7266 Levels TP: This Pair Can Really Fall So Don't Rush With The Profits.
AUD/JPY looks to be forming a double top. Pair is experiencing bullish sentiment. Retrace and price action reactive at key fib levels. This trade idea is for educational purposes only. Trade at your own risk.
Berdasarkan Indikator BBands AUDUSD TFM15 mengalami pembalikan arah dengan melemahnya trend bullish (naik) yang ditandai dengan warna hijau gelap pada indikator SQZMOM_LB. Dengan begitu bisa disimpulkan bahwa untuk 2 jam kedepan akan terjadi trend bearish (turun).