We saw some choppy play by aussie in the last week. It reached down to hit a demand zone and it doing a bullish rally. i noticed a fib target so it still got more upside.
Entry was already made yesterday at 0.7382
This pair broke the last resistance on the daily chart. as we look on the 4 hour it has droped back to the resistance. I am thinking the resistance turned into support. I also see a FIB in play. it bounced off the 61.8 and it is heading towards the next resistance. a lot of pips to be made if this completes.
take profit 1.748
stop loss: 1.708
I see this pair starting to do a FIB retracement to my target which is the %50 retracement. When a new week starts, it usually does a fake move to kill as many traders. im thinking the downside move will be the fake out. im expecting new highs after the short target is complete.
letss see hows this plays out ..
im not a pro yet, dont take these on a live account.
I see AUDUSD has been dropping from this outer trendline. From my experience, outer trendlines get hit 3 times and i see a potential 3rd bounce from this pair. Target is around 100 pips.
Take profit: .7450
Stop loss: .7586
im not a pro so dont take these trades Live*
Only reason why im selling is because it is at the high and needs to make a low. i also see Resistence around its current area and does not want to break above it. it has been respecting 115.00 level. Im shorting this pair down to the support level.
target : 111.500
stop loss: 114.800
on the 4 hour chart i see 2 drop from an outer trendline. i am expecting this to be the 3rd hit to the south for lower lows.
take profit: 1.600
stop loss: 1.6300
Risking 60 pips to Gain 240 pips.
im no pro. dont take these trades live lol
i see it bounced up from the outer bullish trendline 3 times already.
i am looking to sell and break through the trend down to next demand zone.
Target 2: 0.7385
Stop Loss: 0.7585
*im not a pro*
I see on the Daily timeframe it is at the 61.8% FIB. I also found a possible outer trendline which was already hit once. If it does in fact bounce up from the trendline, we are making new highs.
i will be analysing this on the smaller time frames as well for entrys as it rises.
entry: around 1.62144
stop loss: 1.61444
target #1: 1.71524
target #2: 1.74706
Sitting at 61.8% FIB Retracement in the Daily timeframe.
Couple weeks ago price broke bullish trendline and is now going to continue its downtrend in my opinion.
This is an analysis for the daily chart. I will still look into the smaller trimeframes to know where more entrys can be made as price falls.
*i am not a pro so Dont take these trades Live*
I see this pair is on a heavy downtrend in my opinion. from what i see in price action, there is still more drop to come. I see on the 1 hour time frame that 2 levels have only been made. im looking to enter on the 3rd level, short.
stop loss: 1.66606
*idk if anyone is reading this but im not a pro so Dont take these trades live*
Noticed a second bounce from the outer trend line. Waiting for a pullback to enter long and ride it out. Im thinking long because it made a new high and also because it continued to push up from the trend line.
in a couple hours Retail Sales news for AUD is coming up so be very careful as the market can go crazy with news.
Originally the entry was at the beginning of this drop, bouncing from the 61.8. Unfortunately I didn't enter. I am looking for the next entry. I am thinking it can come up to the 38.2 and keep it downtrend going.
1st Target is support on the 1 hour around 115.205
2nd target is 114.325
Stop Loss 116.755