AUDUSD - Higher Chance for a Long TradeIf the Prices comes in the Resistance Zones and touches the Resistance Line it will probably go up again. Watch out when the trendline breaks.
Aususd
Is it time to buy AUDUSD? Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Very strong support/resistance @0.745 - white line
An upward movement for 7+ days
A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
AUDUSD: Potential Bearish Trend Continuation Trade Opportunity Hey traders what I'm looking at in this chart is a potential Bearish Trend Continuation Trading Opportunity on the AUDUSD. Price action has provided a little bullish relief after the Friday Job's report and as we get a retracement back into previous structure levels we're offered an entry opportunity for anyone looking to get involved in a bearish move.
If you want more details on this trade and my fundamental views heading into this interest rate week then check the signature box below & I'm sure you can find a place where I talk about this trade in more detail.
I'm off to finish up a little continued education & get ready for selection Sunday for you college basketball fans out there. Best of luck in the markets this week and as always be safe out there!
AUD-USD (30min): Bat Pattern (confirmed)Hi Freedom Traders,
in the 30min a confirmed Bat Pattern offers us a great high probability trading opportunity.
It is also a chance for an entry for a longer swing-trade taking into account the bearish cypher in the daily timeframe.
Possible entry and exit levels are in the chart.
Happy Trading!
AUDUSD SHORTBroke the important trend line, failed to break important daily resistance 3 times and we are expecting to fall around 100 pips.
AUDUSD - extension in wave [iii]Wave is likely going to be continued, so we could have a new low soon
AUDUSD LONG CYPHER PATTERNNice Cypher Pattern with Risk/Reward Ratio: 1 - 1.5
ALREADY FILLED!!! If you get in NOW, then risk/reward ratio will be BETTER!!!
Take Profit @ 0.7226
Entry @ 0.7183 BUT NOW INS ENTRY @ ~ 0.7170
Stop Loss @ 0.7153
AUS USD Elliot Wave Count Xmas Gift :::
Please check my AUS USD Wave count on Monthly and Daily charts
Check H1 chart for Further Verification
No More Shorts please ,, Trend can Revert anytime
I am Long Below 0.7100 Level
Marry Xmas ,,Wish you many many Green Pips
AUS USD Daily Chart Wave CountPlease Check my AUS USD Monthly Chart
On Monthly Chart We are Long
0.70500 till 0.78000
Main Wave = E = ABC in Formation of 3 3 3
Sub wave A = abc Formation 3 3 3
We are in "a" ( The Mini wave )
a = ABC Where can Further divide ABC as below ::::
A= i , ii , iii , iv , v ( In dark Green )
where 1 , ii are already complete
For Mini wave iii ( In Blue )
iii would be on H1 Chart for clear view
here i and ii already Complete
Lets deal with iii = i , ii , iii , iv , v ( In Black )
ii Would be Complete with few more pips down at 0.70500 ( I am no more short )
I am Long from 0.70500 / 0.71000 Level
Wish all of you Marry Xmas and many many Green Pips.
AUS USD Monthly Chart Elliot wave countHello To All
What I believe on Monthly chart is as below :::
On Monthly Chart We are in a Expanding Diagonal
ABCDE in 3 3 3 3 3 Formation
At this moment we are beginning of E = 3 = ABC
Where is A = abc
Where a = 12345
We are at Sub wave a and at mini wave 1 now.
b = abc 9 still to come
c=12345
B in ABC still to come
C Still to come
AU to run in the next leg downAU already rejected and now going to be short for the next leg still within the channel
Sell setup for aussie. Triple action is in progressBased on over bought RSI55 div and few bearish probes in 2016 look forward for cont. sell action to confirmed bearish levels.
Hard stop lines (red lines) are fit on depth to appropriate tp levels (blue lines).
Rising Wedge Suggesting CorrectionValidations
Multi-month Rising Wedge suggests to be at its end (almost two typical day bars high).
Note that the previous drop was determined and vigorous, in clear contrast to the to following 3 months.
Under theses circunstances, this pattern often precedes a downtrend move.
Central Banks appears to be on different path - US counterpart possibly rising rates in Q4.
China slowdown perhaps extending longer.
Invalidations
Resolution to the upside, where April high at 0.7835 could be tested.
Some US economic data being not so good, contrary to current resilience
Persistent hesitations from FED.
Levesl to watch for short to medium term trading
Level 1 @ 0.7425, Level 2 @ 0.7325, Level 3 @ 0.7165
Dear traders, have a nice weekend !
