H4 Chart D1 Chart 30/6/19 Daily bearish trend yet to be broken (price did not break previous high) even though price made double bottom. Double bottom near weekly now also daily support. IF price break previous high of the double bottom, potential 36p movement towards the trendline and nearest resistance. Looking for SELL setup within yellow zone, SELL...
AUDUSD H4 Third touch of the trendline + Fib golden pocket (61.8 - 71%) + Fib time zone (1.5 - 2) Should see a nice short happening (intraday idea) 1. This profile is for educational purposes ONLY! 2. The setups given are my own perspective of the forex market and by no means require action! 3. Trading involves risk, past profits do not guarantee future...
Despite strong support at .16900, AU will experience a small readjustment but continue to drop.
We are still in bearish BALANCE, But 3rd bounce usually gives a good retrace Worth to jump
AUD/USD has been under selling pressure - and with spot price of gold falling and AIG Performance of Services Index for April coming up in the Asian session. *still only learning, would appreciate any input - thanks and good luck! - Krecioch
POTENTIAL LONG ON AUDUSD. CONTINUATION OF H&S FROM EARLIER IN THE WEEK. WILL LOOK TO HOLD UNTIL NFP ON FRIDAY. CURRENTLY IN PROFIT.
This is the tradingplan for next week a bounce back to the ''resistance'' zone what really is going to happen is amateur traders will short that level and provide liquidity.
FX:AUDUSD 17/3/19 - D1 triangle, price tested 1x purple trendline, bias to the downside if break D1 CHART
Looking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to...
Looking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to...
Look TA , feel free to ask questions
I think the price will continue Up move Because: - It bounced from key buy level 0.72038 - Daily chart trend is bullish. Near 0.7230 is a good place to open buy entry to continue the UpTrend.