Buyaudusd
Aussiethe aussie completed 5 waves up in a leading diagonal form showing that a new impulsive wave has begun.
we are looking to see a three waves pullbakc towards the previous wave 4 before continuation higher might happen.
im looking to long the pair in the coming sessions after completing this pullback.
goodluck
Kenji signals: buy AUDUSDToday, the indicator "Kenji" on the daily AUDUSD chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of AUDUSD is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal.
The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Buy Australian Dollar for RBA meeting about interest rate!!!In this analysis, today the Reserve Bank of Australia show the Australian Interest and they keep their interest rate 0.25%, tha show a recovery nation.
Fundamentals:
1. Dollar nurses losses on rate outlook; Australian Dollar look today for Reserve Bank of Australia
2. Australian Dollar traded near of two-year high agains the greenback of a Reserve Bank of Australia policy meeting today.
Also, in other pars when analyze tomorrow for USD pars, there are interesting fundamentals keys here:
1. US Dollar set to extend decline as policy outlook favorous euro.
2. PIMCO said this morning in the London Reuter that US Dollar is set to decline further as the US FED keeps interest rates very low for years, with policy responses for favourigh the single currency
Now, I show you my 5 targets profit to reach it this week with this par, I could to proyect that while US Dollar is weakness, that could benefited the Australian Dollar
Well, that is the speculate news
Now, speaking of technical analysis, Australian Dollar is into this little bullish channel, now, the previously candlestick is a shark hunters that this wick is was manipulated and bulls are rejected the bears.
Also, to recall for you, in two point of 0.618% of Fibonacci ,the price was retest that zone, the 0.618% show as suport so clear!!!
Buy Now AUDUSD I targeting the market will push up because of the retest and uptrend.
Set
TP - 0.65322
SL - 0.62503
Focus on buying AUDUSD.
Reason:
1. Uptrend Parallel Trend in H2
2. Price has never reached this low since 2003
3. Price retest on the green zone.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
AUDUSD - Another bearish leg expected as price is reaching .7330This is Aussie/Dollar Daily chart and as we can see, this market is in long term down trend and price has pulled back towards the trend zone which is also a broken old support near 0.7330 and now we can expect that market will turn and resume in trend direction once again. We have good confluence factors here aligning such as trend, trend level 0.7330 and dynamic resistance layer all centering at on point. we are not waiting for bearish price action sell short signal to enter with the trend. let's see how market price action develops. safe trading everyone!