If you are not already long on this pair, there may be another opportunity coming up in the 0.7740 area.
Price earlier broke out of a brief consolidation and a re-test opportunity looks imminent.
A final target of 0.8100 is possible and either way a good R/R is available for those who stay patient.
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Dates in the future with the greatest probability for a price high or price low.
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Price is on an up trend
Price is at 0.618 fib retracement level where the new HL is likely to be formed if the trend holds.
On a lower time frame ( i have used 30min) a descending wedge pattern has been broken and price has potential to rise further up towards the .382 fib extension level
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Still looking for a long on AU. Currently in trade but it seems we are heading back down again to tap for a 3rd time.
I see an expanding flat or an expanding irregular flat in development. This could....
1. Bounce off .6700 and continue upward
2. Fall below .6700 to .6650 zone and create an INV double left shoulder and HEAD support closer to the blue horizontal...
So im looking for another move up. We are holding support at a very important level on the 4H. I see us going up another level to 127 or 161 fib ext.
Intraday traders risk trade here
Fakeout entries and a good pullback to pickup orders between the impulse space is still possible so buyers are watching and sitting at the breakout point.
We have a bullish flat...
This pair has finally found some support before entering into the current consolidation zone price has been stuck in. I am looking for a break and close above the recent price structure resistance we've seen for a chance to get long. Some of this movement may be volatility based with the US news and tariff war going, so we may get a push pretty fast depending on...
Aussie dollar recently broke out of a 2 month long consolidation period and its just warming up on larger scale.
I will be looking to long any retrace back to the blue lines marked which are key Daily S/R levels and short term target would be the red line.
This should be a quick trade as Aussie dollar is not wasting time showing everyone whose the boss!!
OANDA:AUDUSD For educational purposes only
AUD/USD is rejecting price at the 50% fibonacci retracement level which is also a very key level of support on the day and week chart (see red line which indicates support level); possible rebound from previous lows to high extending to at least the 127% fib extension level.