In my humble opinion there is not much I dislike about this trade. There is a strong move in, a strong move out which signifies a serious imbalance in price. As with my other trade ideas, the black lines are my entry zone, the red line is the stop, and the green line is the profit target. Keep an eye on the arrival. I don't like seeing too much basing as price...
This is a nice setup that caught my eye. The black lines are my entry area, the red line is my stop, and the green line is my intended target. The two negatives about this setup is that normally I would only take setups that offer me 3:1 risk to reward, but if I feel the setup is high probability, I will from time to time take less than 3:1. This setup offers...
For this time AUD would go down. Enjoy. * Arrows are not targets
AUDCHF will continue to be bullish. First target will be at price .74604 right at resistance level. The next target will be at price .75209 to form triangle formation. Possible pull back once reach the second target, down to .73750. If not will continue to be bullish at price .75782 at resistance level.
Aggressive rejection of 1.05 level could lead to sharp surge back up to 1.13 in the coming weeks
RBA Interest Rate Cut Short - 1 hour timeframe. #elliotwave #fibonacci #australia #aussiedollar #rba #interestrate #audusd
Downtrend established due to 2 consecutive cycles. respect of the 8 ema and therefore under the ema ( to the left) touch of 27 extended fib so due for retracement and back down to extension 61.8 to fulfil the ABCD pattern Potential to go even further to the monthly support around 0.70500 4:1 ratio risk reward
The correction wave in AUDUSD is very clear now and composed of wxy. I see there no space for more advance here unless the the top is broken. However the price at considerable resistance. we will see next week how will the internal structure of wave move?
The price could fall to the support area near 0.742. Short is recommended after small pullback.
This double top pattern on 4-hourly chart of AUD/NZD gives an opportunity for a bearish breakout trade. The pattern's tops and neckline are marked with the yellow lines. My potential entry level - the cyan line. My potential take-profit level - the green line. Stop-loss is to be set to the high of the breakout bar (not shown). More information, chart template,...
SHORT ON AUSSIE LOOKING FOR ANOTHER LOW OR ATLEAST A RETEST OF OF PREVIOUS LOW
Shorted rising wedge within the channel. Now wait to break the lower wedge of the channel. Enter below after some consolidation at break of wedge. Potential +500 pips trade. If it bounce the wedge long there to top of the channel.
Last Down Wave Possible before reversal expected. Short the Breakout from Triangle Downside Target 1 : 1.03129 SL: 1.054
Expecting the breakout from the double top like structure to hold
AUDUSD Short - .786 Hourly Shooting Star - Bearish price action at the .786 retracement level 2nd wave pullback, beginning of potential 3rd wave down
Downward channel/ bull flag. There is also a posibility of upward channel paly a rolle (dotted lines) but I would love to see the price on lower trend line.