EUR-AUD Local Short! Sell!
Hello,Traders!
EUR-AUD is trading in a downtrend
And the pair broke a key level on it's way down
Now, we are seeing a retest of the resistance
From where a further move down is to be expected
Sell!
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Aussie
Aussie Is Approaching Potential Resistance Ahead Of RBAHello traders!
Today we will talk about Aussie (AUDUSD) in which we see slow price action and corrective wave structure since end of January that can be now approaching important and strong October 2021 highs resistance area ahead of important RBA.
From Elliott Wave perspective, we are tracking a complex 7-swing A-B-C-X-A-B-C elliott wave corrective rally which can be nearing the end, as we see it trading in final stages of wave 5 of (C). The main reason can be a break out of wave 4 elliott wave triangle pattern that suggest final leg before a reversal.
From technical point of view, we see it coming into important channel resistance line connected from the lows and interesting Fibonacci levels that can stop anywhere here in the 0.7550 - 0.7650 resistance zone.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
AUD-NZD Swing Short! Sell!
Hello,Traders!
AUD-NZD is trading below a massive
Long-term faling resistance
And the pair is going up now
To retest the line, from where
I am expecting a move down
Towards the target below
Sell!
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WEEKLY LOOK ON GBPAUD - ELLIOTT WAVE ANALYSISHi Ellioticians, GBPAUD weekly time frame suggests a big, bearish, three-wave move to the downside from the 2.71 high. We labeleld a completed impulse in A, followed by a possible completed triangle corrective pattern in wave B, at the 1.954 lvl.. This year's sharp decline, and a break below the lower triangle line is a suggestion that the triangle correction can be completed and wave C underway well below the 1.442 lvl. in years to come. That being said, a break below the 1.744 swing low will be another indication that the GBP is weakning in years to come.
The alternate scenario suggests another complex correction to be underway in red wave B.
Trade well.
AUD-JPY Bullish Flag Breakout! Buy!
Hello, Traders!
AUD-JPY is trading in an uptrend
And the pair broke out of the bullish flag recently.
Now, we are seeing a pullback to retest
The broken level, from where I belive
The pair will start to grow again
To retest the supply level above
Buy!
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AUD/USD looking for a 70+ pip pullback...AUD/USD has really been playing ball in terms of basic technical analysis. WE hav e been following a strong bullish sentiment all the way up to 0.7500. This level we're at is a major Fibonacci extension target and there are many confluences now suggesting a pullback for at least 70 pips.
We are now looking for a potential drop into 0.7420 over the next few trading days. If we do get a small drop on this pair it is likely to be a strong sharp movement given the manipulation levels visible on the higher timeframes.
Like always do your own research and I hope everyone has had a great week in the markets.
AUD-NZD Local Long! Buy!
Hello, Traders!
AUD-NZD broke a key horizontal level
And went up sharply. Now the pair
Is going down to retest the broken level
Which is now a support, from where
A bullish continuation is to be expected
With the target of retest the resistance above
Buy!
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AUD-JPY Breakout! Sell!
Hello,Traders!
AUD-JPY was trading in an uptrend
But then the pair broke the rising support line
And as it now retesting the broken trend-line
I am expecting a bearish move down
To retest the support below
Sell!
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AUDCHF: Trend Continuation Likely As Prices Could Aim For 0.72!With rising inflation, the commodities linked currencies such as the AUD are set to keep appreciating in the near future! whereas on the other hand, the safehaven currencies such as the JPY and in this case the CHF, are all but set to drop in value in the coming months. This vast difference is based on the country's economic policies outlook. Here we are looking at the AUDCHF weekly chart and based on the fundamental outlook, trend continuation is a likely scenario.
Now coming to the technical analysis part, AUDCHF has been in an uptrend for a long time and currently the price has tested the 0.70000 psychological resistance. The next resistance beyond 0.7000 lies at the 0.72000 region, however for this target to be attained, the concrete psychological resistance of 0.7000 must be cleared.
The main criteria for this trade to be valid in this scenario would be for the monthly candle to close above 0.70000 psychological resistance. This would likely ensure that the level is cleared and thus the prices are ready to head higher. The stop loss should be placed beneath the rising weekly trendline and swing low. The take profit should be set at the next swing high, which is the 0.72000 region. Once the criteria is met, as for all the trades, a 1:1 RR is necessary to manage the risk. In this case we need to wait for the price to retrace if the criteria is met. Retracement should hit 0.68000 level after which a LONG trade could be executed. This would ensure we have a 1:1 RR.
However shall the criteria be met and the take profit is hit first, then the trade becomes invalid!. Have a look at the main chart for clear picture on the instruction and explanation above.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into Major & Minor currency pairs.
EUR-AUD Breakout Long! Buy!
Hello,Traders!
EUR-AUD has retested a horizontal support level
While trading in a falling parallel channel
And now we are seeing a confirmed breakout
To the upside from the channel
Which makes me locally bullish
Thus,making me expect a pullback to the support
And then a move up towards the target above
Buy!
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AUD-CAD Will Fall! Sell!
Hello,Traders!
AUD-CAD has retested a resistance level
And we are already seeing a bearish reaction
Which make me locally bearish biased
And I think that the pair will make a move down
Towards the local support below
Sell!
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✅EUR_AUD LONG FROM SUPPORT🚀
✅EUR_AUD is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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AUD-USD Short From Resistance! Sell!
Hello,Traders!
AUD-USD is going up now
But a key daily resistance level
Is ahead which makes me bearish
And I think that we will see
A local move down from the level
To retest the target level below
Sell!
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