Aussie
✨ NEW: AUDUSD ✨ Curve Analysis (3W) ✨SLO @ 0.7130 ⏳
TP4 @ 0.7115
TP3 @ 0.7033
TP2 @ 0.6925
TP1 @ 0.6750
BSO @ 0.6650 📈
BLO @ 0.6585
ADDITIONAL INFO:
* The pair is currently trading below the 200-day moving average, which is a bearish signal.
* The RSI is below 50, which is also a bearish signal.
* The MACD is crossing below the signal line, which is another bearish signal.
Based on these technical indicators, the outlook for AUDUSD is bearish and the pair could continue to decline and test the support level at 0.6565.
However, Price Action is currently reacting to a Major Support Level and heading upward. If the pair can break above the resistance level at 0.6783, the outlook would turn to bullish momentum.
Here are some of the factors that could affect the price of AUDUSD in the near future:
* The outcome of the upcoming US Federal Reserve meeting.
* The release of US economic data, such as GDP and unemployment figures.
* The development of the Russia-Ukraine war.
It is important to remember that technical analysis is only one tool that can be used to make trading decisions. It is important to also consider fundamental factors, such as economic data and political events, when making trading decisions.
🔥 NEW AUDUSD ✨ COUNTER-TREND TRADE 🔥SLO @ 0.6700 ⏳
SSO @ 0.6575 ⏳
TP1 @ 0.6460 (shaving 25%)
TP2 @ 0.6350 (closing all sell positions)
BLO @ 0.6325 ⏳
ADDITIONAL INFO:
00:00 Shout Out to @kristonperry
00:42 Supply Zone / Sell Limit Order
01:00 Support / Sell Stop Order
01:20 Position Sizing @ ~2-3%
01:50 Shaving 25% @ each TP
02:54 Demand Zone 2, preferred
04:40 Boost, Follow, Comment, Join
Pullback On Commodites Is In Play, While USD Is Moving Higher Hey traders,
Commodities have seen some sharp recovery in the last few months, but we see five waves up now, so maybe it's time for some pullbacks, especially while the USD is breaking higher across the board, after FED's tapering policy.
EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN
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 with some additional local structure or the pair going lower to improve risk reward.
The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing.
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See you next time!
AUD_CAD TRADING PLAN|DETAILED BREAKDOWN
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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