Pivot: 0.7470 Most Likely Scenario: short positions below 0.7470 with targets @ 0.7380 & 0.7355 in extension. Alternative scenario: above 0.7470 look for further upside with 0.7505 & 0.7545 as targets. Comment: as long as 0.7470 is resistance, look for choppy price action with a bearish bias.
We broke out of our symmetrical triangle and now looking to go short. I'm waiting on a pull back to the trend-line in question and would like to see a pullback to the circled area on the chart. I've been pin point accurate all month so lets see how this trade pans out. Once price touches our zone we will execute our short position. If the pullback does not...
AUDUSD Short and Long Setups. Yellen speaking tonight might mess up all these trades lol Good luck
AUDUSD Short and long setups. Yellen speaking tonight might mess up all these trades lol Good luck!
Originally posted last Thursday we've predicted the possibility of a reversal between our plotted reversal zone area and then narrowed it down to a Demand Zone and its Sweet Spot. Price made a heck of a bounce off of the Demand Zone which ranges .7150-.7075 while it's sweet spot .7126-.7100 has not been touched. We took entry at the top green line of the DZ. ...
1. Strong divergence 2. Open Interest is falling in trading range 3. Price will go UP
Elliott wave's principle is that the market moves in waves. In a mouvement, there is 5 waves or impulses. Here with AUDUSD, there is a clear double bottom reversal ending the bearish trend we were in for a few years. After the double bottom, we saw the first wave already completed and right now we are in the second wave, which is a corrective one. We should begin...
A lot of peeps here have lost loads of money shorting AUDUSD at the wrong time, well its time to get your money back ! This setup has a great R:R ratio, get on the train, make sure you place your SL exactly where i placed mines, there is FOMC today am expecting alot of volatility, regardless of the outcome this pair should go down. Divergance + MACD going down +...
AU STILL travelling South, I shot AU @ 0.7681.. and now that DOLLAR is gaining more strength - I will hold my short for a while. I wont get off until 0.7300 or 0.72 somewhere around there ;) but watch out as AU might pop a little till around 0.75050 and then down again. Happy trading y'all Dr.
Bearish Divergence in development in the Daily Chart. Also have touched the resistance down-ward channel line. Good Luck.
Clear breakout and pullback. Target is included.
SUMMARY: The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its...
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements RBA minutes delivered quite positive outlook and no need fur further cuts is necessary unless situation in the financial markets would change. We know however that high Aussie value is not very stimulative for our economy hence the upside is...
Hello Traders, In this Wolfe Wave I want to highlight the internal moves between the points. Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on. ab=cd Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in...
Your comment or Like is highly appreciated.Thank you! AUDUSD is due to correction from technical prospective. Stochastic is extremely overbought and price is just at resistance from the last year. Traders might take profit and walk away from the recent strong up move driven by predominantly increase in commodity prices. I expect smaller correction toward...
AUDUSD seems to have completed Bearish Butterfly Pattern. RSI is also indicating for the movement to continue downside, being in the Over-Bought scenario, which is confirming as well on the completion of Harmonic Pattern - Bearish Butterfly. We favour Shorting AUDUSD, for targets 0.7050 zone.