Hello my dear friends,
AUDUSD currently show lag of bearish momentum which suggests that we will see a reversal the forthcoming hours.
Buy market @ 0.68543
Stop-loss @ 0.6833
Target 1 : 0.68814 -- R/R ratio: 1.27
Good luck!
Price broke a long term Head and shoulders pattern like 2 weeks ago and right now we can see how today it went right below previous low that lines up with multi day support (now resistence) so if daily maanage to stay below the 1.0815 area we might see a new drop to the 1.0750
Price may be in Pull Back and earlier support may act as resistance around 108.480
We are waiting for Price Action at 108.480 for the short side with SL 109
Target 106.750
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Price has reached the top of that monthly TL that lines up with the monthly PRZ and if we zoom in we can see how price has rejected that area leaving multipel daily wicks below that 141.50 area so right now in order to go short i must see a break and close below the 4h 61% level (ill post the 4h chart in the comments) very simple but could give us a 800 pip trade...
Amazing set up formed on the weekly timeframe where price has broke above the descending Tl forming a new HH and completed a 5th wave in the higher timeframes after a retest to that previous mentioned TL that lines up with MP fib level
Detailed Signal on our Telegram channel : t.me
Well seems like price has finally leaving that long weekly/daily range where it has been holdin for 3 weeks breaking the desceding TL (top of the flag ) breaking and closing in the daily tiemframe above the key level of 1500 forming a new high right abvoe the strong FIB MP of 61% and 38%if price keeps above 1505 we might see a push to the 1520 area
Detailed...
Another simple set up where price just went for a retest to that ascending TL that is part of that big monthly wedge and if we go into the lower tiemframes we can see how price is creating HH and broke previous bearish structure
Full signal on my Telegram channel
Simple but effective set,here we can see how price created a 3rd touch to the descending TL and also how it lined up with the weekly 61% leavign two weekly and mult iday shadows giving us a possible short opportunity
Detailed signal in my telegram channel
EURCAD Just touch down trend line for 5th times
strong resistance @ 1.4473 will stop any correction advance
MACD & RSI Show overbought
price moving below 100 MA
Volume Profile show strong supply and demand area @ 1.4473
