Hey Everyone, Harmonic Pattern - BULLISH BUTTERFLY is Identified on AUDUSD (H4 Chart) with a slight Overbought price action, where H1 chart is Closing with Bullish Piercing Line, and hence we'll go Long on AUDUSD with these preferences, BUY AUDUSD - NOW or 0.71800 STOP LOSS - 0.71282 TARGET 1 - 0.72692 TARGET 2 - 0.73157 More updates will be posted under this...
AUDUSD closed bearish in the previous week with an ugly weekly and monthly candles closing well on its lows, also below the ~70.5% fib from which it bounced the previous month. Leaning bearish and looking for a bounce after December 2016 low has been taken out. PLAN OF ACTION : Looking to long after a possible stop run on December 2016 low of ~0.71602 if PA shows...
Support is broken. looking for pullback and sell signal as per chart
AUDUSD broke dynamic support trendline and retested. We can short AUDUSD now at 73.30. SL: 73.50 TP1: 73.00 TP2: 72.85 Trade safe and practice risk management!
So you could count the Australian dollar against the US dollar as abcde formation. Breaking out of the two red trend channels (strong & weak falling), I would expect the activation of this trading plan on a weekly basis. The target point would be on the AC line and should be in the 0.84 range, depending on how the move develops in the next 9 months. On a daily...
AUDUSD is currently at 61.8% fib retracement from the last swing high of 74.51. The pair is at a strong resistance right now, therefore we can short this pair and target 40 pips for our first take profit level, and 60 pips for the second take profit level. Stop levels is set at 30 pips. Sell AUDUSD Entry: 73.50-60 SL: 73.80-73.90 TP1: 73.20 TP2: 72.90
Me parece que el par FX:AUDUSD está a punto de iniciar una tendencia bajista a partir de este momento. El precio está probando el soporte de los 0,73100-0.73400 nuevamente. Este soporte luego de haberse roto hace 7 días puede actuar ahora como un resistencia, que a mi parecer tiene bastante fortaleza ya que se formó también un proceso de consolidación del precio...
Today's focus is on the Aussie Dollar as we look at the fundamental calendar data report from Australia to release throughout the week. Following a steep decline in prices on most major pairs against the greenback, this AUDUSD pair had found support at 0.72650 level, which is also a fib extension of 1.272 of the previous swing low (as shown in the comments below)....
Support around 0.733 at previous swing low is holding up quite well. You can tell by various weekly candle with huge lower tail which indicates that there's buying support. With that said, there is a good long setup trade setup for price to rebound towards 0.757-0.769. From the current price of 0.740, this give us a potential profit of 160-288pips. Stop should be...
The AUD/USD has been pressing higher on the back of USD weakness. After yesterday's weak inflation, I feel this is a good time to sell these spikes higher. 0.7500 is about as far as the AUD/USD can hold from a fundamental point of view. Entering a short position with a longer-term outlook might be a decent play while the USD is off its highs.
On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500. Price moved largely bullish yesterday breaking back...
This is my idea of a play on the aussie. Good CPI tonight will put another leg to the upside and we can hopefully break that 74.500 region.
Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level. GBP/AUD
The story for next week would be Aussie Dollar and Gold. Recently we've seen Gold bounce from a strong level of support, and given a massive rejection on US Dollar Index from a major resistance level, we can expect the two to take the realm - at least for the time being. However, Gold hasn't yet break the downtrend line so this market we assume that it's a little...
I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry...
This will be my views of AUD/USD 0.07% for July 2018 Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in...