Elliot wave analysis on AUDUSD Comment, LIKE and Share
The market after a long downtrend found a bottom on the weekly support structure. After creating a double bottom on it price has now moved up, cutting the EMA 21 and testing the daily structure in blue. If the market will manage to break and close above it we can look for a nice long order with a first tp around 1.67400 area. ––––– Follow the Shrimp 🦐 Here is...
AUDUSD Likes to trend a lot. The pair moves quite "nicely" as far as pairs go. AUDUSD Currently created a double top and stepping down with lower lows and lower highs. Creating a liquidity gap that needs to be filled before continuing down. There is a high chance for a sell limit to be triggered in my middle grey zone and a high chance of having a nice tight stoploss.
please wait until break this point and then use risk management
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, that the pair AUDJPY is close to its Breakout from ASCENDING TRIANGLE. So, one can wait for the breakout Let us know your views on this in the comment...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Price is getting squeezed upwards, this should lead hopefully to a breakout in coming days. Once price reaches 76.8, it may drop down and test the trendline one more time. . Once and if price does breakout of this triangle my Target will be 80.00. This should also finish off 5th wave. Check my prior ideas for other info on this trade. Good luck traders!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Main items we can see on the chart a) The price has broken a descending trendline b) After that, we can see a corrective structure (purple lines) c) Corrective Structures tend to solve in the same direction of the previous impulse d) However, we have 2 scenarios here in case the analysis does not go as expected e) Short Scenario: The price should...
First potential trade setup move for today is on GBP/AUD with a move lower into 1.8100. The AUD seems to be trading much firmer firmer despite the RBA’s resumption of government bond purchases, as this was flagged at yesterday’s meeting and with the upside coinciding with the CNH strengthening to its highest level against USD since early March. In recent news for...
Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bearish break below main sr level. 4 HOUR Overall bullish market turning right now.. DAILY Great short entries for a retrace setup, expecting a push to previous lows. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.64670 SL @ 1.65360 TP @ 1.63630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
Was a bit late for this entry but the trade should be running in profit.
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, that the pair GBPUSD is completely in a strong upside move. It has also made a Double Bottom. Let us know your views on this in the comment section....
AUDJPY is forming an upward trend, therefore you want to buy. In almost the past 24 hours since AUD Cash Rate news occured, there was some form of consolidation not hitting my entry for a buy stop of 75.89. It has finally hit my buy stop entry. TP: 76.00 OR ABOVE
FX:EURAUD EURAUD is reaching the lower trend line. We would like to see if it breaks we will sell and if it rebound we will buy.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!