Potential AUDUSD Short Fibs Align W/ S/R and swing trendline. Support zone allows for entry space.
The grey shad is the first 2/3rd of the triangle (point of average breakout). Upward breakout has a 60%, downwards 40% according Bulkowski's research.
AUDUSD Setup: ABC Confluence: CRS 61.80 FIb Entry: Buy @ 0.6740, SL @ 0.6710 (30 pips), TP @ 0.6900 (160 pips)
AUDUSD Setup: Structure Breakout Confluence: sBRN CRS Multiple rejections from Resistance Note: Cash Rate News tmrw @ 12am. Close the trade is floating negative before news releases Entry: Sell limit@ 0.6765, SL @ 0.6785 (35 pips), TP @ 0.6700 (65 pips)
AUDUSD Setup: Structure Breakout Entry: Sell @ 0.6760, SL @ 0.6785 TP @ 0.6700 Let's see how it goes. Let me know your thoughts too
First ABCD cycle for Aussie was extremely accurate, possibly we can apply the same strategy for another coming month. Wait until Aussie reaches at least 60% of Fib level/supply zone then short AU.
t.me 1 More higher high? the indicators i have suggest price is to rise, so either way should secure some good profits with this trade. Join my free signal trading group! t.me
Gold has had a shallow retracement and had broken out the descending wedge so has a measured move target to the upside.
Expecting that the AUDUSD pairs recovery from multi-year lows was corrective and could be complete as price stalled well in bearish territory. Looking for a break below 0.6775 for continued decline. Support Levels / Targets 0.6730 -- 0.6680 *RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further...
H4 Chart zoom out H4 Chart zoom in 17/7/19 - Potential reversal bullish D1 H&S pattern completion when price actually breaks out of the bottom. - H4 H&S looking for the H4 right shoulder to form - down