Aussie dollar - H4 - bought off a clean H4 demand zone small stops big targets.
AUDUSD broke the channel and can flow to down side
30-MIN chart, After reaching Previous support levels on 30 min time frame we can see the formation of a "falling wedge" pattern with a potential of a breakout, RSI can be seen below 20 on 30min time frame. ATTENTION!!! This is not a professional advice just my speculation.
Hello everyone! AUDUSD is about to complete the Head and Shoulders pattern, one on the watch.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (84.480). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (84.480). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as...
Audusd - Daily - aussie will rally upto the impulsive supply zone at 0.79 this week then drop down sharply from that supply zone.. We are buying for now and will be selling once price gets to 0.7900
Here is an analysis on the GBP/AUD Currently trading @ 1.80200 We expect the pair to retrace back to 1.79800 before it continues its bullish trend If it manages to break below 1.79800-600 we will expect it to test next support @ 1.79300 & then 1.78500 But if the pair treats 1.79800 as support then we'd expect it to test resistance @ 1.81
As shown on my previous idea that aud/usd could complete the "W" formation, now that formation is made AUD/USD reaching the previous resistant level at 0.78100 and it is likely to come down presenting a short opportunity. This is not a professional advice just my speculation.
Here we're expecting this pair to push higher with today's bullish close. Both the monthly and weekly time-frame are pointing up and with today's close, we are long targeting 0.7835x level. Happy Trading folks! Cheers!
2H chart, Potential Long position after reaching previous support levels with. RSI likely to continue uptrend well above 70. AUD/USD likely test previous resistance at 0.78100 level With the formation of "W". Stoch RSI forming upward momentum as well.
Aussie Dollar is setting up nicely, but we are waiting for momentum to join our cause if we want to continue stacking the odds.
AUDUSD was ranging in the past two weeks and price show a strong daily resistance at 0.78000-0.78200 (which is a psychological level too), and seems that it is not able to break it and forming a triple top. If we expand the view to the daily bar chart, AUDUSD is about to complete a head and shoulders pattern. For this week we are looking for short setup, and...
This scenario is likely to play out at the start of next week. Who knows?! Prior resistance @ .7800 was taken out, meaning there's a possibility that we're heading towards 07840 which is our next resistance level. If it holds, it could mean a turning point for this pair. Happy Trading folks! Cheers!
This is a weekly chart with price making a "dark cloud cover" pattern, that's what it's called. Weekly chart, we have seen the 50% fib retracement already, 2:1 looks like a tight one, but good for a bounce atleast, I would assume. 1% Risk. 2:1RR
Aussie Dollar is still bullish on the daily and weekly chart, and depending on today's price action... if today we close near the top then this short trade will not be valid. However, if price pushes higher and fills the "Shaven Top" Candle - as marked on the chart - and then rejects that level.. then we'd short it all the way down. Happy Trading folks! Cheers!
Hello,Traders! GBP-AUD is close to hitting the strong horizontal resistance The level is quite wide but the key thing is that I am bearish And I am expecting a bounce off this level Especially in the light of how overbought the pair is locally Sell! Like, comment and subscribe to boost your trading! See other ideas below too!