Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
A break of our 50% fib level will validate us going long on AUDNZD. We've set a limit order from point 1.09390 just a little over the 50% mark. Leg 1 completion will be at 1.10903 (158 pips) and remaining 0.39% of trade closed at 1.11357 (210 pips).
Please share with me your thoughts Regards
Higher highs established post WXYXZ correction - we are bullish!
So price broke out of the triangle finally and is now in 5th and final bull wave, of course we could always seen an extended wave but I'll cross bridge if it happens. Once price reaches 79.9XX area that is where we could see a major reversal, for one that area would be 1.618 of Wave 4 and also it is the .618 Fib Level of the September 2017 Swing High, so it should...
I took this trade way earlier after the cross of the red support line and as you can see it is about to hit my target profit. Tell a friend to tell a friend I want to see everyone eating right. Feel free to like and follow, thanks. The ichimoku is used to confirm trend direction but price action is always my best source.
Main items we can see on the chart: a) The price is above a Resistance level now working as a support b) Generally, after the breakout of any area, the price will tend to correct creating a pullback/throwback to the previous zone c) Now we can see the price doing that towards the support zone d) If the price reaches that level, we will pay attention...
On the weekly chart AUDCHF has been inside a megaphone pattern which normally is a continuation pattern. Market hit the lower trendline before starting to rise up. We can clearly see that the market is moving inside a range between the 2 weekly structures. If the market will break below the structure, as we expect, we can look for a short position according with...
AYDJPY after the retracement on the weekly structure around 73.200 area started a new bullish move. Market hit the previous recent high around 76.600 and got rejected twice starting a range between the daily support and the weekly resistance. Currently the market seem to push the price for a break and is the candle will close above we can look for a nice long...
Took longer than expect to start, but now it's time to enjoy the ride.
In this analysis I will walk you through the major areas from a technical point of view that you should be focusing on when trading AUD/USD. The trend is insane at the moment on AUD/USD. For a really long time we've seen nothing but an unbelievable surge in the price. It seems simple looking back at the chart, but trading with trends is actually really...
AUDJPY is testing the upside confirmation, we might see a further bounce if price closes above the level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Main items we can see on the chart: a) Currently, the price is inside a yellow range b) We see an interesting bullish or bearish potential depending on the breakout of the range c) The strategy we will use to take advantage of this situation is to wait for the breakout and then look for corrective structures on the 30minutes or 15 minutes chart d) The...
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair AUDUSD is completely in a strong upside move. It also made a double bottom and has gone above the trendline resistance. One can go for a buy....
GBPAUD broke uptrendline Price is based below HVN at level 1.8240 which indicates that pair is in distribution phase below SMA 100 MACD shows bearish momentum It's expected for the continuation of bearish movement to target key level at 1.8070