AUDUSD to continue within the rising wedge until it meets resistance around 0.7660 - 0.7670. This is a short term move before the bearish break out of the wedge. There is completed Head & Shoulders pattern on the Daily time frame with a bullish pin bar at the bottom of the right shoulder sitting on a monthly support level. Price should rise to retest the neckline...
Good Afternoon Traders, A couple scenarios for you all, potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close, ideally for me if we do ill be looking for a further push out of that area and a...
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This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
AUDUSD is currently in a downtrend hitting a support level. Here we believe price is probable to reverse back up towards the Minor Resistance level before continuing along it's bearish path towards S2. Another very interesting pattern we have noticed is a MASSIVE "M" formation if you scroll out of the chart (Pink dotted line). If the M pattern plays out,...
AUDUSD has gone to plan, creating an M top formation before reversing and breaking both S1 and it's narrow uptrend channel, as discussed in our previous analyses. We have now taken profit on our short, but believe the bears are not finished yet. We expect price to possibly rebound in the near-term towards the minor support level, before falling to test the 200 MA...
AUDUSD has moved as predicted in our previous analyses, albeit faster than expected. It has broken through S1 after forming an M top pattern. We expect price to continue lower towards the bottom of the trend channel, where it may decide to bounce back towards S1 before eventually breaking lower towards the 200 MA. Trading Ideas: Short to TP Zone, with SL above...
As predicted in our previous analysis, AUDUSD has just failed to break the Potential Reversal Zone which we view as bearish. We expect price to continue to fall in the long-term, with minor bounces most likely at the former downtrend (dotted green line) and S1, which may look to retest the Potential Reversal Zone. Look out for an M or Head & Shoulders Pattern as...
AUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable. Price is at a major reversal zone, and we expect heavy resistance to hit soon. We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.