AUD/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0.73175
Stop-Loss: 0.73030
Point of Risk-Reduction: 0.73350
Take-Profit: 0.74090
Stop-Loss: 16 pips
Risk: 0,5% -1%
Risk-Reward: 6,0
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Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
Audusdwavecount
AUD/USD could PUMP today!AUD/USD is about to rise⁉️
After a breakout of the previous falling wedge and retest AUD/USD just violated the previous high at a key-resistance-zone and could continue the climb.
With an increase of volume and more bullish confluence we could see a very strong move to the upside.
Keep in mind that we`ll get to see the FOMC-Meeting today!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
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.
AUDUSD above major support, remain bullishBuy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits.
RSI (34) is seeing ascending support holding price up really nicely.