Contrary to my previous idea, AUDCNH could test the 4.72 fib level
0.72000 was a key area of interest for me as resistance, yes price went 40 pips over this level but then dropped 50 pips under it as the bears push price lower my target is 0.68000 which is 350 pips away and is my next level of support. Now this wont hit overnight so if you are looking for quick small wins then look at someone else's page, This is a swing trade...
1.77000 was a key monthly level, and also a lovely round number so i had an order set here and the bears pushed price down to this level perfectly before bulls took over pushing price up 700 pips! My target zone is 1.88000 as you can see on the chart, again this is just another key level at a lovely round number. Who said trading has to be hard? That's rite the...
The 4H chart is showing an ascending channel. After a bullish breakout above the resistance level, the price has now turned bearish and reverted back to the support level at 0.6531. We could see price retest this support level and turn bullish again, or the price may make a break below this support level and continue this bearish move. Given the position of the...
Main items we can see on the chart: a) The price has reached a major Resistance Zone b) Before that, we have observed a breakout of a clear corrective Structure c) The Target of that breakout goes beyond the current resistance d) However, we expect a correction on the current level before the continuation of the bullish trend
AUDJPY is currently trading in a sharp bullish trend. 76.5 key daily structure resistance was reached in June and for now, the pair is stuck on that level. however, with higher lows and relatively weak bearish reaction from that level after a second test, it looks like the pair is preparing for even more extension. to catch the next bullish wave, wait for a...
TF:1 HR Price has formed a corrective structure and could sell from here if the formation breaks. Price looks like it might break the corrective structure signaling further downside from this area. The 1 hr candle will need to close below the trend line to validate this idea.
TF: 1 HR Looks like a quick sell on AIUDJPY. If price sells to the trend line and breaks, further downside is likely from there (shown with the second TP)
I will be looking for a bullish entry on GBPAUD. This is my analysis and i will only enter during Pre-London and London Session. If the trade happens during Asian somehow then this trade is invalid. Remember to follow proper risk management and be mindful of when you enter!
The price is currently sitting nicely on the 200 Moving Average. Few possibilities: - If it rebounds the 200 Moving Average, prices will see more bullish power - If it cleans the 200MA to the downside, we can expect a good short opportunity Either ways, we will possibly see a good set-up in just a few hours. Don't take me word for word. Do your own due...
Price is currently within a ranging channel and formed an ascending channel towards the resistance level. Expecting a bearish reversal from this pair as it completes the wave E as well.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Weekly Ascending Trendline. . 🔸It has also broken the Descending Trendline. . 🔸 We consider that the first bullish target is the Resistance Zone. If it is broken, then we will wait for a retest before looking for a long trade. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS: