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Auzzie

AUDUSDAUDUSD Technical Analysis AUDUSD has been in consolidation zone since early 2016, the price barrier was from 0.6884 to 0.7773. Auzzie tried to breakout through this area numerous times but failed. However, last week auzzie smashed through previous resistance, and on Monday it retested the new support 0.7785 (previous resistance). Since AUDUSD has finally broken the structure, price is predicted to reach back into 0.8700 zone from where it fell. I will breakdown AUDUSD on lower timeframe for further explanation in next idea. Overall TP is 0.8670.
Long
by kewanhedgefund
1
BIG LONG COMING ON AUDUSDAll market moves consist of an impulse, a correction and then another impulse. Our job as traders is to identify the first impulse and then the correction so that we can trade the second impulse. On the H4 above we can see a clear impulse move and then a 3 wave correction which has formed. It is not guaranteed that the bottom of wave 3 has formed but I have entered a position here. It is possible that there will be a 5th wave down before the break to the upside as indicated by the 5 red waves. I am however optimistic that the break to the upside will occur after this third wave reversal. There is also very large support on the monthly time frame and I believe that an interim move to the upside is very likely. Happy trading! Linton White JP Markets South Africa
Long
by Linton_White
EUR/AUD -- Institutional money is LONG -- SHORT TERMOur team have identified that institutional money is flowing into this pair with a BULLISH momentum. Our team has spotted that: -Institutions are manipulating price both to the downside and upside in the region of 1.57811 -This has caused the retail trader to trade in both directions and getting stopped out with heavy losses. -This has also caused the advanced trader to be tricked to trade short and when institutions start to pump price towards our targets in quick succession, our team will come out on TOP. RISK to REWARD = 3.86 (another industry leading figure). Check our our IG page TWTI.trading to see the psychology behind our trades.
Long
by twti