AUD (8 combined pairs) Trendline breakout, LL, S/R retest BEAR
Going short as per reasons mentioned in the chart.
3ish rr Bullflag extension follow through, aus govmnt much more useful onna global scale than previous 10years, nxt gen mining boom still to be a thing// repopulation post climate events should see a resurgence
LOW RISK SETUP.. MONTHLY BREAKOUT and its a pullback entry setup.. trade wise
Bear leg on 4 hour Double top formation Going for short at top of channel.
Now we have an up direction. I have marked a zone for long. I am waiting for the price to return to this zone. If I get a signal from the chart, I will open a long position.
As you see chart reached the line that has big support and we opened a long position on this pair.
Long sequence of higher high and higher low can easily observe. Now bullish engulfing also indicate that this bullish trend will continue.
Risk ratio 1:1 . Taking profit of 65pips. Long for Australian Dollar. Good Weekend Guys
The market has completed five Elliott waves as of 0.6290. If it can obey Elliott wave principle, then we can expect to have a three waves corrective pattern, before continues with its uptrend. Lets keep any eye on the pair, Good luck!
As of Elliott Wave Analysis, i can clearly see that AUDEUR has completed its 3rd Wave (Impulse) and Enters into 4th Wave (Correction wave), for the next week, towards 23.8% of Wave 3, and then the uptrend will continue toward completing the 5th waves structure. lets not jump into trade unless we have a confirmed entry and exists of a trade. Good luck!
This is a Australian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This chart measures the average strength of the Australian dollar against the USD, GBP, JPY and EUR. After gaining significantly since November 2020, the Australian currency has been trading sideways against its major partners since the start of the month. Australia has benefited from a number of fundamental factors including a strong rebound from Covid, rising...
AUDEUR looked at 4hr TF with BC, price ranging into FU. Paying attention to Stop Loss. Any feedback is appreciated.