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Audusd_trading_setup

Aussie is now in a corrective wave, look for both short and longHello fellow traders, An impulsive wave has just been started with Aussie at 4H TF; as we have detected that it currently finished its 1st impulsive wave and now a corrective 2nd wave is probably occurred. For market trading style traders can look now for a short, tp zone should be at around the depicted second corrective wave. For trend traders, just keep waiting until Aussie finishes its corrective phase and starts again heading northward, then it should be the time for a long. Take your look at the depicted chart for more reference. Trade well! Makkaba team
by DrFaust_Official
AUDUSD_Trading setup at a long TF (D1)Hi fellow traders, At D1 TF ( same at W1) we have a very interesting trading pattern for Aussie; according to my TA point of view, Aussie is now in the corrective phase with a chart pattern lower highs higher lows, nearly at the end thereof, which indicates it will soon make a breakout to reach a higher level at around 0.82xxx in the coming time (weeks). Anyway there is some arisen questions about how will AUDUSD move firstly? straightly up to reach its destination, or firstly down, then up? I suppose that it can occur with the following scenarios: 1) Bullish scenario: Aussie will move along my drawn small diagonal triangle and try form the peak thereof a breakout; it it performs successfully, then let's say 0.82xxx is its next destinations( 0.80xxx firstly). 2) Bearish scenario: Aussie will breakdown the level at 0.763xx( D1 candle closed below!), then we get here its B leg ( the levels are depicted on the chart). 3) Bullish and bearish scenarios are mixing: This is the third alternative, in which Aussie still moves up to reach the last peak again=ending the triangle diagonal included trap, but D1 cannot closed above the mentioned level, then it will be being heading southward from there. Levels to come are the same as depicted, so we get also from here the B leg again. We have put the alerts for that pair and if we get the notified , we will update our trade signal, which is loaded out via API to our web, and you can check the enter level there( check the link at my signature below). Anyway we will make the trade here activated firstly. Thanks for your interest! Trade well! m2m
by DrFaust_Official