A clean break and retest of the TL after market struggled to hold above the .8000 quarter point could see the market move back towards the .7800 lvl
Forgot to post last night, but price bounced off resistance & the top off trend line, now approaching target. Scalp method I've been practicing :) Trying to make it as accurate as possible before posting to the public..
Price is moving within Daily channel. Looks like we are under a fib level & supply zone, I am waiting for a break of counter uptrend line to go short. Trend line has been respected 4 times, & price is caught in a spot where it needs to breakout. Could happen during tomorrows morning's news for CAD. Will be watching price action, it could head back to the bottom of...
Hello Traders, This is coming out a little late, But I entered a short in the consolidation zone and have my eyes set on the targets defined in this chart.
Price made a higher low during (exhaustion period), now trying to break through a supply zone & visit a recent high first, then a new higher highs should be formed.. Price making higher highs & higher lows after breakout of its downtrend line last week. Keep in mind Aussie has a meeting shortly & they will be discussing interest rates. Negative outlook on that...
Setup I had yesterday finally coming into play. Was waiting for a break & retest which we got, now I expect further upside to previous high (Resistance) 0.8100. Will be watching how this one plays out closely...
Watching for retest after price broke out of its uptrend channel & hit the top of its strong daily trend line. Double top to resistance as well & I am expecting More downside to come.. Trade with care! :)
Big Pound news coming shortly in the A.M. Aud news gave me the pullback I predicted back to the broken counter trend line. I am expecting a push even higher now! Setup working out good so far : ) Trade with care!
Back to its uptrend line, news for AUD coming out shortly. Could be a potential long setup here & price is currently floating above 50 fibonacci level / support. Back to test 81.00 area resistance & possibly break? We will see. :)
Clean break / retest on its downtrend line. Multiple rejections to support area & weekly trend line as well. Looks like a confirmed trend reversal, will wait for pound news early tomorrow morning to look for an entry. 1.6400 area is now its recent support. :)
Price was making lower lows & lower highs, but after multiple rejections to supply zone (Blue Rectangle), we see price push back to the upside & breaking though its downtrend line. Will expect a break of 1.64 resistance level & retest to indicate if this may be a trend reversal or possible false breakout. Looks like a solid long term opportunity will watch price...
Retail sales news release for Aussie coming up very shortly, this will be a possibility if positive numbers. Watch for pullback to 61.8 level or break of recent high to go long. Watch for strong bullish price action, next upside target around 81.000 supply area
Price made a false breakout once the market opened but came back into its channel. Price looks to be making a hammer candle rejecting supply zone. If price can manage to stay within its channel I will be looking to go long. Entry would be at the pink lines, and I have one set for both directions. We will see how the euro comes out this week & Aud news tomorrow....
Potential short setup as price is respecting its ascending channel. Price back below resistance level, now ready to make its move back to the bottom of its channel?? Trade with care : )
Daily outlook - AUD/USD spikes to 0.7951 Fortunately for the Aussie, the poor US housing data that was released yesterday gave the currency pair a necessary impulse to break through the 200-hour SMA, the weekly PP at 0.7895 and even slightly overstep the weekly R1 at 0.7951. But then the rate became overbought and, thus, started to decline. In theory,...
AUD/JPY 1H Chart: Channel Up The Australian Dollar is advancing against the Japanese Yen in a short-term ascending channel that started to form after the currency pair stopped to move in a downtrend and changed the direction near 85.52. At the moment, it consists of two reaction highs and two reaction lows and, thus, has reached maturity. For this...
Daily outlook - AUD/USD rebounds from 0.7916 Contrary to expectations, an impulse created by a release of data on the US CPI last Friday was strong enough to drive the currency rate to the 0.7916 level, where it was eventually stopped by the 200-hour SMA. Since the surge was caused by a reaction on fundamental event, today the buck should try to restore...