The Aussie should have ended its downtrend with yesterday's low and now headed towards 0.8854. However, there is a possibility that the downward movement will resume after a major correction. However, this would just be my second option.
AUDUSD has hit a strong weekly support zone after a sharp sell-off. The USD appears to be showing signs of an incoming retracement after a strong upside move, and I believe that AUDUSD will retrace to the upside on this short term dollar weakness. The long term trend is still down for AUDUSD, but this is a good buy opportunity for a retracement.
EURAUD long trade has alerted this morning. Trend trade identified and entered. Working H1 timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. This 1:2 RR trade needs to find 121 pips for desired TP target. Want to know how I identified this trade...
AudUsd close to bottom. Also 61.8 fibonacci level.
AUDUSD is bullish on the lower time frame with the double bottom that form on the 2H Chart.
In this update we review the recent price action in the AUDUSD and identify the next high probability trading opportunity and price objectives to target
Watch Pivot Point at 0.681 price area for a buy.
Be on the lookout for bearish price action signals below price level 0.673 in AUDUSD currency market.
AUDUSD - Intraday - We look to Sell at 0.6880 (stop at 0.6925) Buying pressure from 0.6772 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 0.6755 and 0.6680 Resistance: ...
ATTENTION: According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount....
Stop Loss = 20.0 Pips ; Take Profit = 50.0 Pips ; 2.50R
Aussie broke its bearish trend line after 110 days bearish move. 5 weeks bullish move from bottom and broken trend line can push price higher after nice pullback to support. Trade safe guys. Good luck.
Having trouble breaking the downtrend ever since April 1st. - Multiple attempts at breaking resistance line, but couldn't break (3 times) - RSI and MACD on the daily shows reversal back down again. If we get rejected again, I can see it heading to $0.67 first then as low as $0.61 area to hit the 0.786 fib zone. What's your thoughts?
AUDUSD - Intraday - We look to Buy at 0.6950 (stop at 0.6905) We are trading at overbought extremes. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. The trend of higher lows is located at 0.6911. We look to buy dips. Our profit targets will be 0.7075 and 0.7170 Resistance: 0.7170...
AUDUSD - Intraday - We look to Sell at 0.7005 (stop at 0.7050) Daily signals for sentiment are at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade...
AUDUSD - Intraday - We look to Sell at 0.6840 (stop at 0.6890) Buying pressure from 0.6730 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...
AUDUSD - Intraday - We look to Buy at 0.6765 (stop at 0.6715) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The current move lower is expected to continue. Previous support located at 0.6762. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample...
Closed out previous trade in profit ahead of NFP. Here is my plan to get back in Trade safely!