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...
Entries for this trade will be taken a s resistance is met again for the 3rd drive where we can look to enter long after any type of reversal pattern shown at the fib level of 61.8% from the previous low to the current structural high on the longer term 8-hr/daily time frame.
Earlier this week we posted both the start and finish of the right shoulder for the now compelted head-and-shoulder pattern. We expect with the Aussie-dollar gaining support for this to capitulate GBP/AUD downard following the breaking of the neckline.
See related ideas below,
I will post a visual link here later after I complete uploading the video in my channel which will be an in-depth analysis of why AUDUSD major pair will have a high probability of long bias throughout the week. Till then please give me some time and have an eye on this chart. Will comment here the link soon stay tune ;)
Simple idea..with price in a discounted favorable spot.
We seem to be close to the 127 fib extension with a bullish harmonic XABCD pattern. I see a reversal coming soon. I have entered for a 1:2 risk ratio here on the FX account. We are at a new low for daily and we are pretty far down on weekly as well. Have a look at most of the aussie pairs. I think you'll...
After four years of a declining aussie dollar, and price reaching close to GFC levels, there has been a slow recovery.
Around mid 2016 price started to trend higher until the first quarter of 2018. There was that stop run again, during New Year 2019, to re-test the lows of 2016 and produce a double bottom.
This movement put price right into the buy zone on the...
The relationship between the Aussie dollar and the Chinese economy is well studied. Clearly, Aussie dollar is a strong proxy for Chinese growth where economic figures should always be looked upon with skepticism. Overall, if the Chinese economy cannot get going, traders will first see this trend in the Aussie dollar.
tried to go long, but aussie wouldnt break.
so i got out of my long position of aussie and switched it up when i saw the marubozu candlestick formation.
imma be so pissed if it goes the oppisite direction lolol whatever
Weekly T.F: Break of the weekly trend line which predominates for the entries in the short and the confirmation of the possibility of the break of the trend and the new uptrend + 78.6% of fibonacci which confirms slow backward movement.
Daily T.F: Double floor + bullish emas with ema of 21 subtracting in support area 0.715 + 61.8% correlated fibonacci and fibo...
On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500.
Price moved largely bullish yesterday breaking back...
Here after careful review, trend analysis and pattern recognition on the 4hr 1hr and 15m time frame for entry I have identified an LONG opportunity for the AUDUSD pair. Take a look at my analysis I would love your feedback.