GBPAUD: Your Trading Plan 🇬🇧🇦🇺
GBPAUD is trading on a key daily structure support.
To catch a bullish continuation from that, watch an inverted head and shoulders pattern on 1H time frame.
1.744 - 1.7465 is its neckline.
To buy with a confirmation, wait for its bullish breakout (hourly candle close above that),
then buy aggressively or on a retest.
Targets will be 1.755 / 1.7626
If the price sets a new low, the setup will become invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Australiandollar
$AUDUSD | Nice Bounce Upcoming?Simple idea here: AUDUSD breaking below lower Bollinger Band with several following candles showing slowed down trend. If we close the current (circled) candle successfully fully above the bottom band, simple is expected. Next resistance lines are noted (drawn off the daily with at least two touched) with the Stop Loss & Take Profit also highlighted. Easily can clear this but have to take in account 20 MA and also that the RSI is not at extreme levels so not expecting a huge move.
MarketBreakdown | EURUSD, USDCAD, AUDUSD, BITCOIN
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURUSD - 3 days time frame 🇪🇺🇺🇸
The pair is trading in long-term bearish trend.
Lower highs and lower lows are perfectly respecting the boundaries of a major falling parallel channel.
The price is closer and closer to its resistance.
I believe that a strong bearish wave will initiate soon.
2️⃣ USDCAD - Daily time frame 🇺🇸🇨🇦
The market successfully broke and closed below a neckline of a double top pattern.
Retesting that, we see a positive bearish reaction.
I think that the pair will drop soon.
Wait for a confirmation to sell on lower time frames.
3️⃣ AUDUSD - 12H time frame 🇦🇺🇺🇸
I see signs of a bullish accumulation:
the pair formed an ascending triangle formation.
If the price breaks and closes above its resistance,
I believe that the market will bounce.
4️⃣ Bitcoin - 3 days time frame ₿
The market is approaching a major falling trend line.
If the price breaks and closes above that, the market will go much higher.
Being respected, however, BTC will drop.
If you are bearish, wait for a confirmation now to sell.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line.
I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Today’s Notable Sentiment ShiftsAUD – The Australian dollar lost ground on Tuesday, having rallied sharply overnight, after the Reserve Bank of Australia delivered a smaller-than expected rate hike, even as central banks elsewhere are raising rates aggressively.
The Commonwealth Bank of Australia, which had predicted the 25 basis points move, expects the central bank to hike by another 25 bps in November before pausing. They note: “From that point, our central scenario has the RBA on hold as they give themselves time to assess the lagged impact of rate rises on the Australian economy.”
EURAUD: Important Breakout 🇪🇺🇦🇺
So it turned out that EURAUD broke and closed above 1.49 - 1.498 resistance cluster.
The broken structure turned into a demand zone.
The closest resistance that I see now is 1.53 - 1.54 zone.
I believe that it will be the next goal for buyers.
For entries, consider an occasional retest of a broken structure.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
AUDUSDHELLO GUYS THIS MY IDEA 💡AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUD/CAD 700 Pips Bargain: AUSSIE's Plight Deteriorates FurtherFundamentals :
The China Factor : Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
" Disaster looming in Australian economy as iron ore demand falls " (Daily Telegraph: www.dailytelegraph.com.au )
www.imf.org
fred.stlouisfed.org
markets.businessinsider.com
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes " haunting ": stockhead.com.au
Technicals :
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
AUDCHF Strongest buy opportunity of 2022-------------------------------------------------------------------------------
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The AUDCHF pair is approaching the bottom (Lower Lows trend-line) of the Channel Down pattern that it has been trading in since the February 25 2021 High. Last time it did was on December 03 2021. At the same time, the 1W RSI hit its 1 year Support Zone, where it is close to doing so again today.
On a long-term horizon, this is the most optimal buy entry. We can target the 1D MA50 (blue trend-line) on the short-term (as it happened on Jan 10 2022) and the top (Lower Highs trend-line) of the Channel Down, if we close a candle above the 1D MA200 (orange trend-line).
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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💵Euro/Australian Dollar💵Analyze (9/22/2022)!!!
Euro/Australian Dollar reacts well to the resistance line and has failed to make a new high every time it has hit this line.
I expect the trend line to break and Euro/Australian Dollar to decline to the support zone.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURAUD Recurring Channel Up hints to buying the pull-backThe EURAUD pair recently broke above the 1D MA50 (blue trend-line) and came just one step before testing the 1D MA200 (orange trend-line), which caused (on July 01) the last major rejection. We can see the possibility of a Channel Up emerging, in the same formation as those of November - December 2021 and March - May 2021. Notice the similarities on the 1D RSI sequences.
As long as the 1D MA200 is unbroken, it would be best to buy any pull-back that occurs below the 1D MA50and target, initially, the 1D MA200.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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GBPAUD Buy opportunity and reversal levelsThe GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level.
That should be considered a short-term opportunity by itself towards the top of the Channel. But even from a longer-term perspective, the last time we had those exact same set of parameters take place was during the Channel Down that started on June 2020. As you see that pattern also made a -6% Lower Low from its last High and once the 1D RSI hit the 30.000 oversold level, the price rebounded, gradually above the 1D MA50 and then the 1D MA200 to break above the Channel and eventually make a top on the 1.5 Fibonacci extension.
As a result, as long as the current Channel Down is intact, we expect a new multi-month rally towards the 1.5 Fib which is at 1.85500. Since the bearish trend is that strong, especially today, it would be best to take that trade upon confirmation, after the price closes above the 1D MA50.
Confirmation is needed because in the event of a break below the Channel's bottom (Lower Lows trend-line), we can see the price target the -0.382 Fibonacci extension at 1.613520.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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AUDNZD Testing Resistance. How to trade a breakout or rejection.The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021.
The price is currently testing the top (Higher Highs trend-line) of the Megaphone. A break above it, should target the top of the Channel Up and complete the +4.70% rise that has been done the two times that the pair rebounded on the Channel's bottom. A rejection either now or at the top of the Channel Up should be bearish medium-term, targeting at least the 1D MA50 (blue trend-line). A break below the Channel Up, establishes the Megaphone as the dominant pattern, and should test its bottom, along with the 1D MA200 (orange trend-line).
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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AUDCAD Still bearish unless this level breaksThe AUDCAD pair is following our trading plan to the point since our last analysis (August 12), which was a sell signal following the 1D MA200 (orange trend-line) rejection:
As you see nothing has changed, the price got emphatically rejected on the 1D MA200 and entered a Channel Down that has already hit our first target (0.89120). There is no diversion yet and as long as the Channel holds (especially the 1D MA50 (blue trend-line)), it could target on the medium-term the 1 year Lower Lows trend-line.
This pattern is invalidated only if the 1W RSI Symmetrical Resistance Zone breaks, or the price breaks above the 1D MA200, in which case we will take it as a buy signal, targeting the 1W MA300, which had the April 05 rejection.
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💵Australian Dollar/Swiss Franc💵 Analyze(update)!!!Let's first take a look at the previous post I published about the Australian Dollar/Swiss Franc.👇
Australian Dollar/Swiss Franc moved as I expected and completed its wave 5.
I expect the Australian Dollar/Swiss Franc to go up to the resistance zone.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Australian Dollar/Swiss Franc💵 Analyze!!!Australian Dollar/Swiss Franc completed the main wave 4 by Expanding Triangle, and now it is on the road to completing the main wave 5 at the targets I showed you in my chart.
🔅Australian Dollar/Swiss Franc ( AUDCHF) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AUDUSDHELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUDUSDHELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
💵Euro/Australian Dollar💵Analyze !!!Euro/Australian Dollar has bounced back from the resistance zone for the second time and I expect this drop to continue at least up to the support area I marked on the chart.
Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price.
🔅Euro/Australian Dollar Analyze (EURAUD) Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.