Australian Dollar / U.S. Dollar

AUDUSD

AUD/USD bears resume at wedge resistance with shooting star in minor trend, bulls test support at channel base in major trend: Chart and candlestick pattern formed: Minor trend slides through falling wedge and intermediate trend in rising channel. Shooting star and Gravestone doji patterns have occurred at wedge resistance signal weakness (see circled area), ...

Previous structure and the sliding parallel of the upsloping pitchfork consist a key support level to watch for a buy setp. Price is retracing towards the level and we better keep a closer eye for a buy setup completion. In such case sl and tp should be placed as shown in the chart.

Sell below 0.7748. Stop loss at 0.7813. Take Profit at 0.7649. Reason for the trading strategy: Price is approaching our major resistance at 0.7748 (horizontal overlap resistance, breakout level). A strong reaction might occur below this level, pushing price down to our major support at 0.7649 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% ...

correcting little mistake . and placing tp1 - tp2

Still looks like we will moon soon.... I may be wrong doe.

eyes open as we approach long term trend potential return to 0.789

AUDUSD breakdown and trade idea. ICT Inspired

73 pips left to fish up the down trend !

gddfs

Forecast, not a trading call

The cross was rejected again at 200MA and has broken below the parallel support 0.7744. The daily and weekly studies RSI and oscillator are remaining bearish. After breaking the parallel support, we forecast two targets pointing to 0.7670 and 0.7640 its 100MA (weekly).

Price has hit for 4th time bearish resistance and it appears the pullback has been exhausted, touch was also in 20/50 EMA zone. Going short for 80-90 pips and taking profit before price hits bullish support trend that started back in September 2015. Wait for confirmation of support (with bullish MACD) and then look to enter long and hold.

Strong Support on the Floor, Unable to break 0.7650. Testing the 200 Day MA, All Eyes to AUSSIE CPI on April 24th . Position early.. Set Stops below Floor, Aim for 0.76xx entry and hold

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Yesterdays daily candle closed as a strong bearish engulfing candle rejecting previous structure. The market has also broken through a support level on the 4 hour chart. I'll be looking for a retest of resistance before entering short.

potential Cypher pattern with a .2618 trade pending if he traces to the upside ill be looking to short AUDUSD to complete this cypher with a gartley patten as well.

take a look

Sell!