🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We consider that in the short term it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Welcome to our weekly trade setup ( AUDNZD )! - 1 HOUR Bearish price action right now.. 4 HOUR Overall bullish market formed new highs. DAILY Expecting prices to turn bearish now, good short entries! - FOREX SWING SELL AUDNZD ENTRY LEVEL @ 1.07510 SL @ 1.07940 TP @ 1.06870 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Main items we can see on the chart a) Last week we observed a clear minor corrective structure, and the target was the next resistance zone b) The price moves as expected after the breakout of the minor corrective structure, and now we can observe the 2nd one c) We will use the same logic for this structure if the price breaks it, we will aim for a...
On the H4 chart, we can see a bearish pennant forming. A bearish pennant is a bearish continuation pattern. Before entering a short position, I will wait for confirmation by a break in the support trend line. I will also be checking the indicators for cross overs (RVI, and MACD) to show signs of a bearish move and potential overbought regions of the RSI. I am...
After the long upward trend we see a weakening in the strength of AUDUSD. Over the past week we have seen several attempts to continue the movement, but soon after that, the price was coming back. Today we have a breakthrough of support and we expect that the correction can continue at least to 0.7077. This would allow new buyers to join there and give strength...
After the major sell of price broke down a ranged for a bit before popping up on Friday and has now sold and retested that lvl
ANGLAIS : Hello, AUD USD Now in an upward sloping resistance, I broke the black resistance with force and the oblique resistance, but I was unable to break the orange resistance so I returned to the oblique resistance that failed to break it again due to the red resistance and got off quickly and I expect it to descend until the blue resistance and then it...
AUDJPY Long idea All significant timeframes are very bullish and we are looking to continue with this trend. Recently price action broke out of consolidation around the 75.00 area and is now retesting the broken zone as support. We are looking for a higher low and lower timeframe confirmation to support the idea of a bullish push. (The blue trade path) For us...
AUDUSD Long idea We are looking for long positions only on this pair as all significant timeframes are very bullish and we recently saw a break of our major resistance/monthly zone at 0.70800 Price action is pulling back on this 4hour timeframe so we will watch for higher lowers and strong bullish setups to confirm another push higher. (The blue trade path) For...
AUD Idea Ascending scallop Should continue until horizontal level is reached
AUD is still very very interesting long setup, but on a tactical level looks like we will have kind of down movement, I'm still here to get a good long.
AUD/JPY, Swing, D1, Chart, My algo says UP... Will check it again tomorrow when the market opens and will place a live trade (blindly, lol!). If you are going to follow this, just ready-up your exit chart so you wont get burned.