Hello Everyone, The AUD/USD is showing increasing strength as it heads towards the 1M PP. Maintaining a stable position above this level is crucial to confirm continued bullish momentum. Failure to do so may lead to further testing of support levels. The point at 0.65548 will be particularly critical for the pair. TradeWithTheTrend3344
AUDUSD chart is printing bullish trend with no divergence and show double bottom pattern. EP: 0.65399 SL: 0.64846 TP1: 0.65950 TP2: 0.66500
Weekly: -Bearish W pattern. Daily: -Bearish W pattern. -IC. -W formation. 4H: -Previous day high taken. -Imbalance.
After a big push down or up more often than not price will eventually return to previous levels. Trend is up Aussie been very strong all week Knee jerk reaction to mixed data on news imho Bounce off Support from Fair Value Gap Basically just Pattern Play See previous similar playout pattern as possible outcome. : )
Audusd is stronger than others non-usd pairing, as you can see it was a good ratio to win as well with long trade.
1. Bias is Bearish...holding off trading till 2nd May anticipates the liquidity hunt and reduces the risk... 2. To maintain bearish bias, price needs to stay below 0.66664.
AUDUSD Showing Falling Veg Patterns and will continue its bullish trend hopefully will hit tp1 and tp2 anytime soon
In this live trading session video,we look at the AUDUSD trade that got recently stopped out for small profit on the 50k traders challenge account. 3 of the previous trades got stopped out before this and we look at how we should review the strategy as a professional if it is still working. We look at the the 3 steps we need to do for this System vs Cash results...
The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australian inflation release but has pared about half of those gains. Australia’s inflation rate slowed less than expected in the first quarter. Inflation rose 3.6% y/y in Q1, down...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
We have an impulse phase followed by a corrective phase then I'm expecting another impulsive phase to the upside
AUDUSD is making higher High and higher low. it may continue its bullish trend.
Possible swing short targeting at least 3:1 risking 1.5%
The Aussie (AUD/USD) has broken above a pivot level and could potentially rise higher. Could this FX pair bounce off this pivot and rise towards the 1st resistance? Pivot: 0.6500 1st Support: 0.6461 1st Resistance: 0.6550 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
Preferred direction: BUY Comment: We also continue to follow the buy-priority for currencies in the Pacific region. The AUD is expected to recover to the level of 0.65010 . It should be noted here that the growth potential is less than that of the euro and pound (one can take a look at these ideas). The trade is intended more for the short term, i.e. ...
At 9:30pm EST we have Australia reporting CPI data and in this video I have plotted out some areas of interest that I would consider selling Aussie provided we get strong bullish momentum following the reports. The sells are intended to only be scalp trades with small targets of only 10-20 pips depending on the pair.
We are buying due to 2 reasons. We had a descending triangle that is broken and retested and we have a formation of a inverse head and shoulders. All the best and trade responsibly.