The Aussie (AUD/USD) is trading close to a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.65426
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 0.66102
Why we like it:
There is a pullback resistance level
Take Profit:...
It is expected that after some fluctuation and correction, a trend change will take place and we will witness the beginning of an upward trend.
If the price crosses the support range, the downward trend is likely to continue
As you can see price has already given us a chance to sell when it rejected the daily head & shoulders from Mon12-Tuesday13th Feb. price is now on trend, now you wait for a potential setup. if we fall one more time, demand zone will be a great pick-up spot. if we don't get the break and retest first. My ideal. I am not you financial advisor. i think we go up either way.
The Aussie (AUD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 0.65044 which is a pullback support.
Stop loss is at 0.64270 which is a level that lies underneath a pullback support.
Take profit is at 0.66023 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement...
Waiting for a break and retest of 0.65446 to long AUDUSD back to 4H swing high at 0.66165
If you agree drop a like and if you have any questions leave a comment :)
Fundamental view: based on fundamental analyses, we got a strong bearish momentum with a -6,6/10 bearish strength on our bias scale, giving us a big opportunity to sell.
Technical view: as we reach a supply zone in the AUD/USD, we've swiped liquidity on the top which gives us a high probability of seeing a change of character followed by a correction to a fair...
This pair on the weekly TF is creating higher low. So I am waiting on the 4h to breake a structure to the upside and than taking long from the retracement.
Hello Traders
It seems AUD/USD is going to make a triple combo corrections.
it is possible, since we are bullish on USD.
so we are expecting the price will reach 0.63 and 0.616 levels eventually.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer:...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The AUDUSD is currently at a very solid resistance level which also aligns with the 61.8% Fibonacci retracement and the 161.8% Fibonacci projection
I believe a rejection from this level could lead the price to drop towards the 1st support level which is a pullback support.
