Another swing trade for y'all! Thank me later . Last week the Auzzie tried to register a bull trend but failed by Friday.. this week hopefully we'll show a stronger Auzzie and a weaker dollar. This is bas d on the dxy index for the dollar strength
audcad is bouncing off great demand area with monthly support zone with bullback at 0.5 fibo level..for long trade after confirmation using smaller time frames.
I see the short, price has settled into a previous resistance zone. - Shooting Star on the daily chart - Price has retraced to the 50% Fib level and been rejected (my go to move), price just kissed the 61.8% and dropped. 1% Risk, 2:1 RR -Happy Trading!
AUDUSD has been on an uptrend for quite some time and now it has finally broken a previous area of resistance which will now become support. I expect price to retest this area, and after I will then be looking for a long opportunity with a target at the Monthly resistance. Previous Analysis linked below.
WILL GO DOWN UP TO 0.7680 LEVEL...
-3 Harmonic Patterns -Break of TL --> Retest -COT Report recently showed a decline in net positions, also a massive amount of shorts added. Fundamentally, Im short...technically I like the long set up, but time will tell as the week goes on. What are your thoughts?
It's on the chart, 2am for me...bedtime.
AUDNZD is sitting near support the market has formed a Head & Shoulders pattern I believe if we break the neck line it will be a great opportunity to take advantage of, be patient!
If we don't end here then we see another leg down to resistance trend line where VPVR support is showing along with RSI support.
61.80% fib re-test/ previous consolidation zone re-test as well.
All 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...
Daily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.
Our 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...
on the aud/nzd, support seems to be respected from the weekly/daily chart. On the 4hr chart I am hoping that that price breaks out from the trendline so I can find a way to enter.
aud/cad was in a bearish channel while testing resistance as well. Hoping price will go lower. Price has already broke the ascending trendline and ma's have crossed over in the 4hr/1hr timeframe so get ready to start placing trades.