I need a little help, so i drew a range and I believe if it breaks the resistance and retests it'll go up but if it doesnt it'll go down to support and either break it and fall more or just bounce?Did i do it right or did i fail at a basic thing??
AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking strongly bearish here on AUDUSD and the support level we’re at around 0.72500 is the make or break zone here.
It is more than likely that AU will continue bearish as it is showing no signs of slowing down. Ideally, we can spot a lower high below...
The higher timeframes indicate a bullish nature on this particular pair
The most recent support regions on the smaller timeframes have successfully held with some consolidation becoming apparent prior to Asian open
Price attempted to break support again and failed. This justified a buy position in the form of a buy stop in order to confirm momentum before...
I am looking to sell this pair should we break the previous candles lows
Daily and 30min momentum is to the downside, with the previous structural lows also being broken
targets will be set at the previous weekly lows
AUDUSD Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: Higher timeframes are bullish here on AU while the 4hour timeframe has been in a steady downtrend.
We can see price action near our 0.74000 support formed a descending triangle, which looks to be breaking bearishly now.
Look for a lower high below 0.74000 with...
Hi traders. Just an update on my previous idea to go long XAUUSD two days ago, and congratulations to all who caught the move along with me. We managed to hit the upside target of + 260 pips in 48 hours time. #happytrading
Hi traders. I'm an experienced trader of 6 years now, on my 7th. However fairly new to the Twitter and here on the Tradingview horizon. I'll be sharing my trading ideas more often with this community in hopes to teach and add value to whoever my work benefits. My first technical chart is on Gold / Xauusd with the idea to buy from current market price of 1951.00...
Over the past four months, gold has shown strong resilience. Despite the U.S. interest hike, gold failed to drop substantially. Instead, it moved close to its all-time high value; however, it halted its rise at 2075.63 USD. After that, gold fell below 1900 USD. Although, this drop did not last long, and gold retreated to the 1950 USD price tag a few days later. We...
AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is currently experiencing a pullback that we’ve been waiting for.
Price action is falling to our 0.74000 zone where we are looking for structure formation.
Look for strong rejection around 0.74000 support followed by confirming bullish candlestick setups to...
See picture for top-down analysis:
-Short Term Downward ML Break
-opposing zones removed
-People might think it's a great demand setup
which I agree but taking a look at the overall
price action over the last 7 days, you can see
price is making overall LL/LH by about .6%
-If someone bought at this demand then using a
structure SL is recommended.
-Low risk reward...
AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are overall very bullish on AU but we are seeing some consolidation in the form of a range at this high.
From here we need to see structure. Look for price action to pullback to support near 0.74000 with a confirmed higher low before entering long.
Trade...
AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are very bullish on AU recently but now price action is right near key resistance around 0.74000.
We know that price action is overextended and without structure so our best play is to wait for our next structure point.
Our ideal scenario is if price action...
