Overall, we are still in a downtrend, making lower lows & lower highs.. It look as if price broke support & came back up to retest broken support making it now resistance, I am waiting on news tomorrow for US dollar for a reversal keeping the dollar bearish or giving it some strength. We are at key levels & will have to be patient until then..
The swing trade on daily chart in AUD/USD was initiated after forming a bottom at a long term resistance zone which became a major support for the pair. Reward to Risk of this trade is 1.
Price is in a consolidation box between support and resistance. Waiting for a break above resistance & retest turning support to go long..
Price maxed out at weekly resistance / weekly trend line & failed to break though twice making a "Double top". My only focus for this pair would be short, it would take a lot of bullish movement to break higher so I will only look to trade this pair if GBP losses strength.
Price back now at strong weekly support, & rejected at the 38.2 fib level. Looks like price came back to retest broken resistance now turned support which a retest never occurred after price broke this key level in the past. I expect a rebound back to the upside, & AUD RBA rate statement tomorrow effecting interest rates could give the strength or weakness to...
Price seems to have broke out of its weekly uptrend line during the close of the market. More downside potential to come, I will see how price comes out when the market opens if there will be a potential pullback or not. Price is currently above support, & more confirmation is needed, but overall it looks like more bearish direction is to come.. Trade with care!
Price opened up above strong resistance level, now lets see if we can get a close above. We see downtrend has broke out and a retest occurred, now lets see if price can go to test its original weekly downtrend line & potentially breakout & retest breaking higher.. :)
Monthly head on shoulders pattern, take it down to the weekly the downtrend line has been reached, & is rejecting at the 50 fib now consolidating waiting for a breakout. I believe from the looks of it that we will be have a potential reversal & be heading down to complete this possible H&S Pattern.. !
After a steep sell off last week we look for further declines next week with a test of the resistance confluence (horizontal resistance and trend line resistance) providing a great chance to look for shorting opportunities down towards the targets of 0.77122 and 0.76982 respectively.
Price broke out of its downtrend channel to the upside, now waiting for a retest of broken trend line & touch at the 38.2 fib (Where I will set my entry) to go long. Price currently testing a supply zone, hopefully we can get a push down about 30 pips to my entry & my stop would be under the 200 ema. If we do not get a retrace I will not take this trade.. Trade...
Most Pairs againts the dollar seems to continue moving downward as dollar is getting its momentum to the upside. Reason for shorting this is already at the chart. Short around .79119 SL: .80031 TP1: .78040 TP2: .77015 Follow us for more quality trades. September we had gather 1000+ pips. *Disclaimer : This analysis not include personal feeling/opinion, and...
Price making a series of higher highs & higher lows after breaking out of its daily downtrend line. Pullback done (Higher Low) Now waiting for a candle close above 1.7100 level to see some more potential upside to take place (Higher High).
As the Dollar weakens currencies like the AUD must be a buy
Short confirmed after break of uptrend line & retest with a pin bar to resistance. Waiting for a break of 0.78000 support to enter as well for extra confirmation. Trade safe!
After an extended down trend on the daily that was kicked off by a huge Bearish engulfing pattern back in June. This pair shows no sign of slowing down, forming lower highs and lower lows for the past few months. More recently price found resistance on 20/9 at the .99000 psychological level and formed another huge bearish engulfing pattern. Which is more...
Looking to buy AUDUSD now. Bullish flag is about to be broken and has formed already. Taking my bet on this pair. Buy at : .79573 SL: .79061 TP: .80303 *Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for...
Price back to the top of weekly resistance, & looks like a recent double top is taking place. Price may be looking to make its way back down, watching the 4 hour time frame for more confirmation.. Trade with care!
Price broke out of weekly wedge, but never came back to retest. After a rejection to 0.81000 once again, this indicates price is failing to push higher. I believe price will push back down to broken wedge & retest before pushing back up again. Will be watching price action on the lower time frames