The Ending Diagonal pattern is placed in the 5th wave from point C, by the completion of wave 4, wave 5 is finished in the range of 0.74135. In order to confirm the downtrend, initially the uptrend line must be broken, for the confirmation of the main downtrend, the price needs to cross the range of0.7132, which is the end of wave 4.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
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AUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill...
Hello Sophisticated Trader, The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For...
This is just an updated chart from my previous chart posted last week, will be looking for a bear flag continuation towards the downside, if you missed the move last week and looking to get into this trade ill be scaling in another position depending on how the market moves. Will be looking for either a 2 tap or 3 tap of the top of the trend line for a downward move.
Let's see how far we can take this short and remember to lock in profit, especially if it drop 40 pips down from your entry.
There is a potential short set up for the AUDUSD pair, will be looking for it as a short term sale, but if the downward trend continues I will be letting the trade run till the next monthly key support. I will only be going in on this trade if it corrective goes up to the given area, If it goes up impulsively I will not take the trade but will sit back and watch...
This is the way price action unfolds unless there is a news spike or big volume push up.
Hello Traders, It is possible that current upward momentum and poor economic numbers out of the US this week will carry the AUDUSD past the 2020 high. I expect price to break the .7000 range prior to making any significant draw-backs. Price has blown by Bearish Divergence set-ups multiple times in the past days and I expect this trend to continue until the .7000...
AUDUSD CHART ANALYSIS, IF THIS IDEA WAS HELPFUL PLEASE LIKE TO SHOW SUPPORT !!!
there is both bullish gartley and butterfly pattern. I made a cluster for both. closing under support zone may the stop. also I can try to take a short position if retest the trend.
The AUDUSD has risen nicely since the slump to 0.55, now an opportunity for Sell. The AUDUSD touches the average moving line 100 which is used as resistance and only a few days ago the AUDUSD responded downhill as soon as it touched that line. Stochastic and RSI are relatively high, indicating the possibility of a trend change. The AUDUSD is still considered a...
Simple clean idea thats playing out good atm and if DXY covers bearish gap TP will hit. Late post, students receive trades instantly.