AUDUSD going up since march of this year. We can see a fresh higher high in 4 hour time frame. Now creating lower high before going up. Wait for a bullish price action buy signal on 50-61.8% fibonacci zone.
AUDJPY seems to be forming an ascending triangle which indicates next higher move. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern will be completed when the triangle will break resistance of triangle.
How to identify working ascending triangle?
-The market must be in an uptrend before the...
EURUSD is in clear uptrend. But, what you think? How far EURUSD will go?
Ok, yesterday a multi year trend line broken which was started from 2008. So what should we do right now?
As a price action, trend line broken level is 1650 and I can see price retest as a new support in the upcoming days.
Wait for a price action buy signal on this zone. If price can hold...
EURUSD trying to break trend line resistance for the second time. Last week this pair made a fake out on this resistance. Now what we can do?
OK, we can wait for a daily close above trend line and 1350 level. After a daily break wait for retest broken area as a new support. For more secure trading wait for a price action buy signal on new support. Next Key...
AUDJPY comes at 50% fibo level which is 75.08
I'm gonna keep a sharp eye on this level, if this level break up with daily candle I'll looking for buy signal at retest.
Next important zone is 61.8% fibo level (78.68)
Happy Trading guys...!
This pair broke his key support 1.9415 (zone) few days ago which act as resistance right now. Price now trying to retest broken level as a new resistance.
If we go to h4 or h1 and draw fibonacci, then we can see 50%-61.8% area is located on 1.9415 zone.
Any price action sell signal on this area will execute my order.