Counter-trend trade setup
As the chart displays, Aussie has successfully managed to break out the downside TL (Trendline).
We are buyers now. We anticipate this pair to retest & bounce off the uptrend trendline around - 0.76000, which is also the 61.8% FIB.
A reasonable target to take profit @ 0.76000
Trend continuation setup:
This pair has successfully broken out the long term downtrend TL (Trendline) .
At the time of writing this, we are retesting this TL and we are looking for a strong upside rally towards targets:
This is a very good oppotunity for a mid-long term trade with ...
Counter-trend trade setup.
Overall, we are bearish on AUDUSD, however, this pair is showing signs of a correction towards 0.76000 REGION
Correction Target of 0.76000
LONGER TERM SHORT TARGETS:
1 - @0.73000
2 - @0.72000
Use conservative RR.
After multiple tests @ 0.77000 , it seems the 61.8 handle has held successfully.
Our targets are:
Price shot up at time of writing, so apologies if you get late entry.
Wait for pull back.
This is a follow up on the EUR/USD trade linked below - see related chart.
As explained in the previous chart, we achieved the first target of 1.13000. Price action suggests we are heading lower.
Target 2 @ 1.11500
Trend continuation setup.
After an initial anticipated 300 pip up move, Cable has successfully broken out of the declining TL.
At time of writing. Cable has just tested the above-mentioned TL.
Our final Target is 1.46000
Our initial Target is 1.45000
See our previous analysis concerning the 300 pip up ...
As the chart displays, after an anticipated bullish up move the pair has halted @ 1.39500.
It seems the pair is struggling to break the 61.8% Retracement zone after multiple attempts.
Our first target is 1.13000
2nd Target: 1.11500
Depending on the behaviour of price action will we know if we are headed ...
It seems after a rapid decline, EURUSD has found some support at the 61.8% handle.
After multiple failed attempts to break the 1.26000 region - it is appropriate to suggest that EURO is headed for the 1.15000 monthly RES.
Long @ 1.26000
Target @ 1.15000
It seems after today's rally, Aussie has managed to break the ceiling and find support @ 0.7000.
Thus, considering the above, it seems feasible to suggest that Aussie is still reasonably Bullish.
Therefore, we have set our targets @ 0.78000
Please observe chart.
After a rapid downside movement, it seems cable has found some stable support @ the 61.8% handle.
- Further upside expected with a target of 1.44000 in sight.
*At time of writing Cable is attempting to break TL - successful break will indicate further confirmation of upside bias.