AUDUSD BUY FROM STRONG SUPPORTHello Friends as i can see AUDUSD is still showing strength and holding this support zone
So we expected we will achieve our new design TP soon in this week we are trading this pair with a small risk and looking for a higher rewards
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Audusdprediction
AUDUSD SELL FROM WEEKLY RESISTANCE As i can see this pair has reached weekly @strong resistances level now expected a retrace from this zone
so we are entering on sell this pair for a small risk and higher rewards
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AUDUSD BUY FROM STRONG SUPPORT ZONEAS we see this pair is strongly bullish and successfully and now
expecting some pips to retrace on Monday and then we start again buying from
given suport levels Aussie data positive and Economy improving
as China supports Aussie Metal export
NEW TP=0.730/0.740
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AUDUSD BUYING ON DIPS 250+ PIPS WAITING !!! AUDUSD this is really very interesting pair to trade it depends alot on china output data
Good China numbers on output data will help Aussie to recover.... always trade with proper risk management low risk and higher returns
we except more gain on Aussie $ so grab it and its will be a great thanks push like
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AUDUSD: POTENTIAL SELL AT TREND LINE RESISTANCEAs shown in the chart, AUDUSD has rallied to the Trend Line Resistance(Blue line). This area has stopped all the bullish movements in this pair so far this year.
So, traders can look for S ELL between 0.6925-0.6940 with SL above 0.6980.
TPs can be set at 0.6860, 0.6825 and 0.6750 respectively.
Short at 0.7771 for 2 target 0.7724 and 0.6990i short audusd because:
he is under ma20 weekly
on a big pweekly price as resistance
overbought
can some risk off can come when the stock will make a big correction
so same as all time in 2 x 1lot
first lot will cut at 0.7724-25 and take profit
2nd lot will add a Stop loss at +10 pips for secure 55 pips and be safe
AUDUSD testing major resistance, remain bearishSell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514.
Reason for the trading strategy (technically):
We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below the 93% level where we expect a corresponding drop in price from. We can also see bearish divergence vs price signalling that a drop is impending.
To read about the daily technical analysis strategies in more detail, you can check them out here : www.theforexarmy.com
Turn bearish with the break of our long term ascending supportSell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520.
Reason for the trading strategy:
We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support).
RSI (34) has started to break its support and sees bearish divergence versus price signalling a bearish reversal is fast approaching.