AUDUSD , note the reversal pattern that has been formed as the market is currently retesting the support of the trend channel this is a low risk and high reward trade setup
Hey traders, in this week we are monitoring AUDUSD for a buying opportunity around 0.68 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hellow traders, time to do what we do Best. we start a WEEK with strong AUD, LET ME take a chance to describe the chart, Last week aspected for the price to go down till reach OB. but fail to break the stracture at 0.6874 and break above stracture at 0.6947 which acted as resistance level. waait for the price to come and retest the broken stracture and be able to...
It is expected that the price will go up to the specified Fibonacci levels, then a trend reversal will be formed and we will witness the beginning of a corrective trend.
AUDSUD is expected to fall to 0.684 levels. Th price may move to 0.700 levels before reversing.
Price is currently trading towards a H4 supply zone which caused a change of character. We will be looking for sells on LTF with confirmation to target the H4 low.
Bearish Flag pattern formed on 1H and came back to retest the zone that was previously broken.
Look at smaller TimeFrames for entry when price hits Area of Interest. However, this setup is invalidated if price continuous its bearish move without reaching the zone. Confluence includes; Trendline 4H, FVG 1H, 61 Fib 1H, AB=CD 1H
At this point we see a channel, if that channel is broken downside, we assume the trajectory. Otherwise, the opposite, to reach the next supply.
Price is sitting on top/resistance part of the bullish channel (blue parallel lines); overbought area. We also see multiple Break of Structure (support) happened with the bearish impulse. Now we see it retraces back up. Our bias is bearish. Price closed Friday near M15 supply zone, near a broken previous support, and is currently sitting in a golden zone for...
Here on AUDUSD we have a potential CHoCH. I say potential because if the high gets violated, we can expect price to continue moving upward. If price respects the 4 hr supply that I refined down to 15 min, I think that it will go down and take out liquidity then continue down to the 4 hr imbalance fill. After that, I think that price will reverse and continue up...
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from my special entry model concept, the chances that price will move as drawn is high
Coming back to Daily Resistance. Daily Short Level is at .70935. Recently traded .70625 and sold away. Upside has been capped at the 15 minute 50% Fib. 15 minute Short trades at .6969. 61.8% is a .6995 SELL 5 Short above the level with a stop above Failure. Target .6825 for a 5:1 Reward:Risk Ratio.
Coming back to Daily Resistance. Daily Short Level is at .70935. Recently traded .70625 and sold away. Upside has been capped at the 15 minute 50% Fib. 15 minute Short trades at .6969. 61.8% is a .6995 SELL 5 Short above the level with a stop above Failure. Target .6825 for a 5:1 Reward:Risk Ratio.
waiting patiently for AUDUSD to form a clear buy formation before we start stacking our buys ..watch out for the poi areas marked out on the chart
Hey Traders, The market is uptrend and I expect a long position from 0.69200 For details see the chart