Last friday price rejected the fib 0.38 mark, I will be watching LT to see what price does whether it will come down a little more and maybe hit my fib 0.618 which would be great because we can enter lower and look for some kind of pattern on LT. Right now just wait and see what price does from here.
Daily outlook - AUD/USD soars on fundamentals In line with expectations, the AUD/USD currency pair left a descending triangle formation in the downward direction. Most probably, the rate could continue to move it this direction, but a release of information on the US CPI led to 30-pips depreciation of the Greenback. After markets will calm down, the...
Daily outlook - AUD/USD rebounds at 0.7867 As it was expected, the currency pair failed to jump above the 55-hour SMA and spent the rest of the previous trading day near the bottom line of a medium-term descending channel. Most likely the pair could continue to move between these barriers, but a speech delivered by the RBA Assistant Governor Kent forced...
AUD/JPY 1H Chart: Channel Up The Australian Dollar is trading against the Japanese Yen in a small ascending channel. The pattern formed in the result of a 100-pips depreciation of the Aussie amid a speech delivered by the RBA Assistant Governor Kent. At the moment, it consists of two reaction highs and lows and, thus, might be broken in the nearest...
AUD/USD Still LONG Trading Idea IW31 (02/08/2017) August First Idea :) Still long for this. Plenty of room to growth. Good entry point now, as very visible SUPPORT Or wait for Weekly Support @ 0.7835 Target 1 is @ 0.8065 and above Ultimate Target is weekly resistance @ 0.8135
Monitoring AUD for a long if this zone holds. Waiting for confirmation
Aud/Usd - H4 - Price broke out of consolidation with strong bullish momentum so now I am expecting a classic break/retest/continuation scenario with other price action tools as confirmation.
good candle sticks for buy oportunitys Fibo trade and clear chart. Two good oportunitys in this pair. take your stop loss everytime
Aussie trade, simple and clear. Fibo and resistance, high probability trade.
AUDUSD looks bullish after having a weekly close above the monthly resistance. I believe we will see aussie come down and retest the monthly resistance as a support before moving higher long term. Also moving averages on the monthly time frame are coming close to crossing. I will be watching this pair closely for nice long entry around the monthly support.
Pair is on a clear bearish trend. So the most probably movement we will see, it will be a falling. First of all, to confirm the bearish scenario, we have to see a breakout of S1. Then, we can open short positions. For other hand, if price stops at S1, inverse SHS would apear( change pattern). Keep an eye in this pair.
As you can see I am still in this trade for now :). The market has rejected by resistance level on a number of occasions (indicated by the circles) and is currently consolidating. It looks as though another rejection is forming on the 4hr chart but it is not confirmed yet. The only way I will be taking out of this FX:AUDUSD short is if i am stopped out or price...
Shooting for a retest of weekly highs with this set up instead of conventional targets
Price has been playing out as expected (See previous post of AUDUSD) Anticipating some resistance at 0.77 level 88.6 Fib level of Bat pattern Weekly trend line Anticipating some consolidation before Waiting for a Daily reversal pattern
We just broke out of the TL. Looking for a small flag on lower TF to confirm the move but once price gets to the .618 mark ill be looking for price action for a sell
Are we about to get a break off the TL. We have already had price action around 0.618 mark. TP would be the fib 0.27 mark. Keep an eye out on this par
All analysis in the charts