AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AU but we can clearly see that price action is in a range just below major resistance around 0.74000. How price action reacts at this level will determine our potential movement for the week. Ideally we see price action...
Gold has rebounded from its recent low at 1677.686 USD. Currently it trades around 1750 USD. RSI reversed to the upside and crossed above 30 points on its way, showing bullish signs at the moment. MACD is flattening out. Stochastic oscillates in its lower area, although, it starts to show first signs of reversing to the upside similarly like RSI. First resistance...
Many people may feel perplexed about yesterday's selloff in gold when price halted its decline at 1677.686 USD (after 4 bn. USD sell order hit the market). At some point a spread between bid and ask reached more than 35 USD (mainly around yesterday's low). Upbeat economic data with decreasing unemployment point to the steady recovery and lay out path for future...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on AU overall and we are a few confirmations away from a great short scenario. Currently we’re looking for price action to present a lower high followed by strong bearish setups to enter on just below 0.73800. Trade scenario 2: For us to...
Good Harmonic pattern with good pips available to us, DXY weakness could stimulate strong growth here, after the news of Aussie we had earlier this week.
Key points have been marked up. prices are going to want to come down to take liquidity and continue to the upside. However, this is if conditions are met and if we get the buy signals we are looking for. Overall trend is still bullish.
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are bearish on AU and price action looks like it will continue with that trend this week. From where price action currently is there are no perfect opportunities which is why a pullback would present a better opportunity. Look to target lower if...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are SUPER bearish on AU right now. We are at key support near 0.74000 so we know to wait and expect some sort of reaction first. But we can also notice a pretty large descending wedge pattern at the bottom of a large bearish leg. Technically the...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All timeframes are bearish on AU and we plan to continue with this trend. Currently price action is at resistance near 0.74900 and how it reacts here will determine where price moves on this 4hour timeframe. Ideally we want to spot a reversal at current...
A broad overview of how AU might move in the coming days and weeks.
Hello everybody: Consider the AUDUSD price in the buy direction The last price resistance shows resistance at 0.74500. OANDA:AUDUSD
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking bullish on the 4hour timeframe because it is correcting a larger bearish impulse move. This means that we will be looking for our next Lower High near an area of confluence. Ideally we want to see a reversal around our 38.2% fib level with strong...
Been a while since I posted a markup getting back into it. What do I see? An AU short Why? A 382 fib reaction on daily H/S formation on daily H/S formation on weekly
FORECAST FOR AU, EXPECTING NEW DAILY BEARISH RUN , H1 SWITCH AND SELLING IBO.
Hello Traders! While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the eye signs. Heart in the box - a place to take profits Eye sign - spot to jump in, or watch Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself...
AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We were recently in a range but finally price action seems to be breaking out. Currently we're seeing an attempt at a bearish break but we’re waiting for confirmation in the form of a lower high below 0.77150. Look to target lower toward major levels of...