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theforexarmy theforexarmy PRO AUDUSD, 60, Short ,
AUDUSD: AUDUSD testing major resistance, remain bearish
102 0 11
AUDUSD, 60 Short
AUDUSD testing major resistance, remain bearish

Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major ...

theforexarmy theforexarmy PRO AUDUSD, 240, Short ,
AUDUSD: Turn bearish with the break of our long term ascending support
61 0 6
AUDUSD, 240 Short
Turn bearish with the break of our long term ascending support

Sell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520. Reason for the trading strategy: We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support). RSI (34) has started to break its support and sees bearish divergence versus price ...

theforexarmy theforexarmy PRO AUDUSD, 120, Long ,
AUDUSD: AUDUSD above major support, remain bullish
48 0 5
AUDUSD, 120 Long
AUDUSD above major support, remain bullish

Buy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high ...

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