EUR_AUD is trading above the broken key level, while also respecting a diagonal support.
So the target trade is a long.
For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you...
AUD_NZD has established a double bottom and is about to breakout the minor falling channel upwards.
Wait for the breakout of the falling and horizontal resistance levels.
Go long on pullback.
First target=the greater falling channel resistance.
Final target= the green horizontal key level.
IF there is no CONFIRMED...
Hi guys! 👋🏻
🔔 Australia projects a recovery from the pandemic footprints on the economy. The third quarter CPI announced 1.6% growth was beyond the expected 1.5% and more importantly the YoY CPI of 0.7% signalled an economic recovery of the state.
🔔 Despite the growing numbers, AUD was not able to overtake the US Dollar and continued the down slide this week and...
AUDUSD has fallen sharply after touching its resistance level on the upside (as shown in the chart). Now it is trading at the support level of the Symmetrical Triangle Pattern. According to chart pattern analysis, we might see some upside in AUDUSD from the current level, As Symmetrical Triangle Pattern suggests indecisiveness in trend. One can initiate a long...
Looking for a short on Audusd - Downside projections expecting 0.70800 about 50 pips to decline.
50 pips is a great swing trade. Expect downside, but that's the farthest we'll drop before we see continuations to the upside.
Thoughts and feedback are appreciated.
The Aussie/USD is currently in a ascending triangle formation pattern ...
So what I think will happen :
Price is going to go up and when it comes to the 0.7333 level it will find some resistance at first but we are going to see a breakout to the upside
Why do I think this:
1) Ascending triangle formation
EUR_AUD is retesting the broken key daily level.
The pair has been falling in a downward channel and has now formed a double bottom right on the key level.
Wait till the breakout upwards of diagonal and horizontal resistance happens.
Go long on pullback.
If there is no breakout, setup is invalid!
Thanks for watching,...
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and...
You can use this chart for confirmation on your analysis and I hope it will help you to make a better decision.
If the Trend Line at the top is strong enough, AUDUSD can start its falling from there.
Thank you very much,
Push like and write your comments. We will catch the best trades together!
AUD_CAD reached a confluence of resistance levels.
So we are bearish biased and we are looking to open a shot trade.
Wait for the flag resistance to be broken downwards, then go short on pullback!
IF there is no breakout, the setup is invalid!
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