Hi Traders, I just entered into this scale-in position on AUDUSD. My confluences are as followes: Daily and weekly demand zone 4-hour & 1-hour MACD divergence RSI 4H oversold Daily deceleration in demand zone Downside: Daily H&S pattern, trading into neckline My position Entry: 0.76125 Stop Loss: 0.75785 (34 pips) Take Profit:...
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Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Im holding AU short and anticipating it to reach or break below .7700 level...
With the upward break from a long period of down trend, GOLD aims for 1.740$ around March.22, 1.835$ around March.31, 1.890$ around April.09 and 2.000$+ till the end of April. With wishes of safe gains... cunsaldik
AU has been at a tug a war all day. I took a short position @ 1.7744 so lets see how it going to act for me over the next couple hours.
🔰 AUD/USD - Daily Update + Good BUY setup 🔰 🔻 AUDUSD price closed bullish same with other XXXUSD pairs - the intraday shows more bullishness in the upcoming session 🔹 Any breakout below 0.77200 Level will make the price trade-in bearish market to create a Lower Low ( LL ) 🔹 We will wait for AUDUSD price to break through our Order Block or to pull back and take...
🔻 AUDUSD Killed it last week - price traded to our target then dropped - Our last night Daily Closure was Bullish as we expecting a new HH 🔹 Any breakout above 0.7800 Level will lead the price to aim for another HH to trade above 0.7900 🔹 Our Intraday Support from here is 0.77200 Zone ✅ AUDUSD moving very slow compared to other pairs - so no rush to place...
A lot going on here with the Aussie dying this week. We have a trend line, dating back to the March crash. Then we have a zone of consolidation between the daily support and resistance. All depends what holds, the short term 61.8% or whether we go to revisit the long term swing 61.8%. Given how extended the markets are, I'd fancy shorts all day here!
🔻 AUDUSD is known as the slowest pair to XXXUSD but guess what!!!! - Price reached our target at 0.8000 perfectly then dropped but it did not break our Bullish Structure 🔹 Any breakout above our Target, the price will aim for another HH - Our Pip Team says, 0.8250 - 0.8500 Zone is possible Target if we got any solid Drop from DXY 🔹 Our Intraday Support from...
🔻 AUDUSD Daily candle closed Doji as the DXY has no major Movements last night - Trading to 0.8000 is still possible 🔹 So far we can trade the Bullishness as long as The DXY is dropping 🔹 Our Intraday Support from here is 0.7875 line then to 0.7800 level ✅ AUDUSD did it Pullback and created another HH, we will keep seeing Lower Highs + Higher Highs patterns...
The Platinum-Gold-Ratio just broke out of a decade-long downtrend. Expect Platinum prices to pick up in the longer term
🔻 AUDUSD Daily candle closed bullish same as last night — reaching to 0.77250 is a possible sign when we had a Bullish Daily Closure above our Resistance 🔹 AUDUSD successfully break our Resistance — We need to be aware of Fake Breakout ✅ Another Bullish Candle will confirm a Bullish market
🔹 The next Resistance from here is 0.77500 — Above this line, AUDUSD will turn Bullish 🔹 The next Support Zone is 0.7640 — Below this Zone will be extremally Bearish — A retest on this Zone is possible - If You're Still Not Part of Pip Of Life 🌱 then You’re MISSING OUT A Lot of Lessons 👀 The goal is to improve your trading skills and make you a profitable...
From a long-term technical perspective GOLD has already begun a multi-year decline.
🔹 A further bullish move in the dollar will push AUDUSD below the 0.7640 zone — it will enter into bearish territory
Been ranging since the fall on January 6th. By Friday it will retest the current resistance trendline and breakout to retest 1880, quickly seceding and pushing back upwards to 1950 probably by next month, if not sooner.