Well by examining the AUDUSD weekly chart we can figure out the market structure shifted after pairing the smart money buy orders on the mean threshold of the weekly bullish order block.
Then the price rose to the bearish rejection block which formed below the buyside liquidity and the price dropped to grab the liquidity below the equal lows and reached the...
Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level.
Following this expected support, our projection foresees a robust upward movement toward the...
MY OUTLOOK ON AUDUSD
WEEKLY orderflow is bearish - price has pulled back to Premium Weekly Supply Zone and I'm expecting price to take out the weekly swing low @0.61699. DAILY orderflow is bullish in respect to mitigate the Weekly refined Daily Zone. 4H is still bullish too and is yet to mitigate the 4H refined Supply Zone from the Daily, since the 4H broke...
Hellooo...My Dragon Friends
My Trade Ideas for AUDUSD
sell it now at 0.7485 (my old sell at 0.7530-60)
SL at 0.7600
TP1 at 0.7450, TP2 at 0.7385, TP3 at 0.7325
Lets See
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Hellooo...My Dragon Friends
I see AUDUSD will Going down too for now.
Lets See
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Hellooo...My Dragon Friends
I see AUDUSD Have SHS pattern...already retest now, and make sell at 0.7265.
SL at 0.7340, i break that strong support, i will add more sell at my trade with target final TP at 0.7000
Lets See
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Hellooo...My Dragon Friends
I see at AUDUSD have CUP and Handle pattern. already break neckling.
if want go back may at least at 0.7340-50 and going back down again.
Lets See
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Hellooo... My Dragon Friends
I see AUDUSD will go to follow trend at last week movement.
if break the support trendline (little one) we can see some retracement down,
may be create shoulder.
Lets See
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Hellooo...My Dragon Friends
I see AUDUSD will going down once again, before going up.
Lets See
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Hellooo...My Dragon Friends
So far I see AUDUSD just Sideways, wait until break that line (upper line and Below line).
Lets See
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Money Management
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As a mid to long term bias, I believe price may make a Head & Shoulders pattern and fall around 0.71375 to 0.7113
I suppose the actual bearish movement will happen mid of June when the neck line will be broken.
This pair is currently trading at a major weekly support (blue zone) and is forming a Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:AUDUSD
This is a long term trade because i made my analysis on weekly chart.
We are very close to inclined support line on weekly chart also i see some bullish divergence at rsi indicator.
Buy-in zone:
0.74-0.76
Profit Target:
0.8155
PS: Do not forget to take profit at 0.8155 because there is a historical resistance at this level. We can pass it but it will be...
Sell below 0.7554. Stop loss at 0.7588. Take profit at 0.7490.
Reason for the trading strategy (technically):
Price has testing our major resistance at 0.7554 (Fibonacci extension, horizontal resistance) and we expect a strong reaction off this level for a drop to at least 0.7490 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3)...
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...
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...
