On my view, its time to short Aussie again. Bear flag is firmed, pullback complete, false breakout and bearish weekly candlestick will send it to bottom again.
IF AUDUSD is able to breaking the trendline it is nice idea to wait for the retest of the broken structure turning to be resistance. if the market is able to continue its uptrend, I am not buying it, just seeing if the price is able to turn into a selling mode. Though its going against the trend, let us be very careful about the risk on this setup. What do you...
Short AUDUSD. Wedge is broke. Price is ready to goes down.
Twinkle, tinkle little AUDUSD , how I wonder how many pips you shall fall. It appears to me that AUDUSD made a pullback to some resistance point. This is where I shall pounce. Since it is the holiday, I take a small risk to retain gain made for the year and month!
The higher timeframe bias is bullish. The price is at 0.618 fib level in 4H and also it is on a 4h demand area. In lower timeframes price already started the uptrend and by the LND session, the price will be uptrend due to the coming news on the GBP. The first TP is 1.85830 R/R = 1:2.59
The weekly H&Shs pattern which I indicated on 21Apr and published here now is running so, the trend is bearish. Besides, The daily and 4H are bearish, and 4H keeps making LH. I enter a short position with targeting a round number 0.73500 R/R = 1:1.61
AUDUSD unlike other usd pairs, this one has been the most bearish one, if the price continue falling it'll most likely pickup from 0.735, and at the current moment it broke the support 0.740 and it's heading toward major support line at 0.735. The price is currently in bearish with bearish divergence however we can see bullish momentum once price picks up and...
AUDUSD Trade Idea Asian Session Entry Sell :0.76800 SL : 0.77050 TP : 0.75950 RRR: 3.4 Buy Triggers EMA sloping downward Movement Catalyst upbeat data for US NFP expected to be positive (speculation)
Audusd - Daily - aussie will rally upto the impulsive supply zone at 0.79 this week then drop down sharply from that supply zone.. We are buying for now and will be selling once price gets to 0.7900
As shown on my previous idea that aud/usd could complete the "W" formation, now that formation is made AUD/USD reaching the previous resistant level at 0.78100 and it is likely to come down presenting a short opportunity. This is not a professional advice just my speculation.
Price is already breaking that major support level and retesting it. Could possibly be a pullback at this level before continuing back up. Major Reminder to Practice Proper Risk Management Risking Only 1-3% Per Trade ! I provide daily detailed analysis and trading setup. More info: Click link in bio
1.we got near bad data all the week 2. he is much overbought 3. he just touched ma100 "monthly". 4. he need a legit correction. 5. if euity doiwn a bit it will help. 6. dollars are on support and oversold. 7.there a bearish rsi divergence in some time frame
There is a bullish trend on the WEEKLY timeframe for the AUDUSD pair. On the DAILY timeframe there has been a couple of different support and resistance ZONES. On the H4 timeframe we can see the 1 and 2 ZONE. Currently, the price has extended to no man's land. The final candle shows that there may be some bearish pressure as indicated by the bottom wick. In the...
On the daily timeframe, it is possible to assume that wave five has ended and a corrective waveform to the downside may soon begin. The invalidation of the intermediate fifth wave (in blue) could be placed at the terminus of the current end of wave (5)
In this particular set-up, you can see we had three really great opportunities for entry. Entry highlighted by yellow horizontal line, let's review what i saw. On the Daily TF, I noticed the uptrend since Nov. 2020, a pullback was clearly due, we had a HH being formed. On the 4H we had strong resistance and I took entry from the 1H, waiting for the break of the...
AUDCAD has been consolidating after completion of the fifth wave. I think either side has a potential but, it may be safer to wait for a clearer view.
Over extended. You can wait for a HH or a break and retest just below the .77 handle (yearly open level). Happy Trading !