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!
EURAUD is consolidating, as summer months typically consolidate. Bias is still upward buy direction Indicators: Pair is bouncing between a 300 pip range (red lines). Blue lines are trendlines, watch out for bounces off of them. Weekly Stochastic RSI in buy zone Area of support has held consistently Buy Entry: 1. Enter at uptrend line 1.6275-1.6300 area 2....
Main items we can see on the chart: a) The price has broken a corrective structure b) Currently, the price is above a support zone making a pullback there c) If the price breaks the minor corrective structure we expect a bullish movement d) The target we will aim for is the next resistance zone
The Breakout Opportunities system has just bought AUDUSD at 0.71219. The system recommends entering this trade at any price between 0.71074 and 0.71408. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.55402, suggesting that the AUDUSD may have further to rise. A stop loss has been set at the...
AUDNZD is approaching a strong daily/4h structure support. the underlined yellow area is based on a horizontal structure and fib.confluence of multiple impulse legs. Friday's daily candle has been rejected from it with a dodji candle. to catch a bullish movement from this key level, pay attention to a bullish flag formation on 4H. let the market break above...
Going along with the Bullish momentum that is being presented above, by doing so I'll be speculating price action to makes its way to swap levels in the parallel channel to find entry at a level that has been tested multiple times in the pattern.
AUD/USD is displaying a bullish continuation pattern in the form of a bullish flag. A buy order has been placed just above the resistance line. A break above this resistance line would indicate a continuation of bullish movements following confirmation of a potential continuation of an uptrend. - The RVI cross over further indicates a potential buying...
Nice M formation on the monthly, plus it broke through the strong structure, so I think for the future that this pair will only go up, at least to the major trendline or you 75,500 area.
Every retest did nicely, so I don't think anything prevents it from going higher high.
- Watch for breakout of correction. - Ideally a touch of the ascending trendline and 618 fibonacci
- Watch for breakout of correction. - Ideally a touch of the ascending trendline and 618 fibonacci
AUDJPY Long idea This pair has been very bullish on the 4hour timeframe and recently broke key resistance around 75.000. Price action then shot up to our monthly zone around 76.500 and back down to 75.000 for a retest. From the current level we have two ways this could play out: 1.Price action finds support at 75.000 and continues with the overall bullish...