congrats on last forecast, it was 100% accurate.
We expect USD index to crash, so we want to be in the BUY only of AUDUSD >>> NO SELL AT ALL
HOWEVER, WE DONT TO BUY THIS 0.7170, WE will wait a 50 pips minimum drop then start first buy at 0.7120 , it may drop further 0.7080 if RBA bank statement is negative, if u want to sell AUD, Sell AUDJPY or AUDNZD but not...
AUDUSD - BEARISH - TP - 0.700 - 140 Pip Move #Forex #FxProNow
The main trend is a Downtrend on the Daily and Weekly TF.
With that being the case my main focus is the downwards pushes.
Only thing is we are at a level of support on both TF.
So with that being the case.
Entry - ENTERED - We have gotten to a Price Reversal Zone and we have gotten our Bearish...
After four years of a declining aussie dollar, and price reaching close to GFC levels, there has been a slow recovery.
Around mid 2016 price started to trend higher until the first quarter of 2018. There was that stop run again, during New Year 2019, to re-test the lows of 2016 and produce a double bottom.
This movement put price right into the buy zone on the...
Price have reached the top of a strong weekly range at the 0.7130 area ,i woudl say this is a critical area for this pair since it has been already 3 touches where price hasnt been able to to break and clsoe above indicazting a strong psychological level for sellers,so right now im waiting patiently for the following confirmations to go long or go short and thsoe...
AUDUSD – The Weekly following the monthly candle is closing as a doji. Price is moving sides ways. The last 3 weeks have closed as dojis. We still need to keep in mind this pair is bearish. If price breaks the trend line to the upside, we could see possible bullish movement. However, a further rejection to the current can lead price back down to the previous...
Hello to all who watch my charts.
Here I would like to introduce you to an example of Range Trading on the basis of the pair AUDUSD
Please keep in mind when doing a Range Trading that it only works for a short time.
Please check the situation in the future carefully whether the pair stays in the range.
No FX pair or index will normally stay in a constant range...
The 2 blue lines above in the graph are lines of a downward trend that ended in November 2018 and right now we are seeing a downward trend within a downtrend channel.
Entry Price: 0.7070
Take Profit: 0.6850