big picture AUD_CHF IN FINAL STAGES OF TRIANGLE TRADING, SUPPORT BREAKOUT EXPECTED TRADING PLAN: (1) IF breakout happens>>> (2) Wait for it to be confirmed>>> (3) Short on pullback. (4) Takes on the chart. IF triangle upper resistance breaks>>> setup invalid-possible long! ___________________________________________________________ LIKE and SUBSCRIBE...
HELLO TRADERS, QUITE A FEW SETUPS THIS WEEK WE ARE LOOKING FOR BULLISH CONTINUATION IN AUDUSD TO THE UPSIDE AFTER DAILY CLOSE PRICE ABOVE PIVOT .72300-400 FX:AUDUSD
AUD_USD RETURNED BACK INTO THE CHANNEL, REACHED SUPPORT, NOW BROKE THE DIAGONAL RESISTANCE>>>LONG! 1- Channel is bullish 2- Breakout looks good 3- Trading above horizontal support 4- Bullish forecast 5- Targets on the chart LIKE and SUBSCRIBE= CARMA BOOST!
Hello Fellow Trader! EURAUD Superior Reward to Risk Ratio Daily Chart: EURAUD has crossed below a weekly trend line set back from February 2017 and forming a bearish 5 wave wedge (ABCDE). To complete the wedge pattern, the final wave E is now in play for upside before the next fall. The open today MUST hold the bullish engulfing 1 hour range for confirmation...
I ended up closing a short trade for 6% profit, the way that 4-hour candle closed, was a nice conformation that price could now push up from here. Weekly, we had a big bullish candle, and this week showed a nice doji and a retest of that. I believe 0.7500 in the coming weeks will be achieved. So a slight push down for another push up will nice to watch out on.
FX:AUDUSD Hello guys! You can short the aussiedollar first before it rebounds at the support/demand level in the green box however, I highly recommends you not to short it at the moment because Dollar Index TVC:DXY does not shows any more setup to be any more stronger. Wait for a clear signal setup on lower timeframe in the green box before jumping into the...
On the chart is the 4-hour time frame Elliot wave count of Aud/USD. This shows an opportunity to sell the pair after confirming that the impulse is complete. We saw the start of a new impulse wave after the completion of the ABCDE triangle correction. Then, the wave 1and wave 2 of the new impulse unfold, followed by the wave 3 which ended with an ending...
I am expecting a fall in price based on the elliot wave count
0.72250-0.72750 price zone might act as resistance and possible opportunity for opening short position. Since end of July the pair is trading sideways, however the bias remains bullish (meaning lower volumes should be opened). Rising number of Covid cases resulting lockdown in Melbourne + global uncertainty might fundamentally support Aussie from breaking above...
The pair is trading in a range with a bullish momentum, within the context of a larger daily support confluence and the bullish triangle. All that gives us a hint to expect a bullish breakout. However, the situation is complicated by the fact that the breakout up of the current range resistance will let the price out into the narrow red decision corridor,...
You can open a sell trade on AUDUSD with smaill risk. Stoploss should be behind the wave 5.
The pair has broken up out of the downward channel where its been for a while and has now formed a bullish triangle on its way up, below the structure resistance. Given the bullish momentum and the setup, our target trade is a long, but with conditions. TRADING PLAN: 1-IF there is a breakout upwards 2-Wait for it to be confirmed 3-Go long on a...
The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag. Even though the pattern is bullish, it can break out either way, thus: TRADING PLAN: 1-wait for the breakout, either way 2-make sure it is confirmed 3-Enter the position on the pullback, according to the direction of...
Buying at approx 0.71200 price level. // Follow me for more upcoming ideas.