AUDUSD Long idea This pair has been very bullish recently and last week we saw our monthly zone break around 0.70800 Currently we are seeing a retrace and price action is now testing the 0.70800 as support. We are now looking for bullish setups confirming the higher low at new support. Look to target higher toward our negative fib levels and significant...
GBP/AUD is now under weekly trendline, also retested it and now there are 2 scenarios. Red one = Price stays below resistance and under trendline, we can expect more fall in price. Green one = Price will break resistance, then we can expect price going back in weekly trendline and we can consider it as a fake breakout
Been speculating of this pair for 1-2 weeks and just last week it met our conditions of entry but so happened to show us our ideal entry at market close which is very risky especially without knowing what may happen over the weekend, that can put our trade into complete danger. It was better that we closed at entry and be patient on this one, the next entry would...
Here we have price coming down to a squeeze where price has struggled to break above, this area is interesting because we always have a set of rules for entry and Optimal RR is a must for every trade. I will not be entering blindly into this pair just for its interesting area but would like to let the market meet my conditions of entry and show more definition as...
Midterm forecast: . 0.7030 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: . While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 0.7176 on 07/22/2020, so more losses minimum to Major Support (0.7030) is expected. . Price...
Midterm forecast: . 0.7030 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: . While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 0.7176 on 07/22/2020, so more losses minimum to Major Support (0.7030) is expected. . Price...
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It is now making a corrective move. . 🔸We are waiting for a retest of the broken trendline before considering a short trade. . 🔸 Will look for a lower timeframe bearish setup. . 🔸 DAILY CHART ANALYSIS:
Sell on AUDCAD, this pair has been rallying since January, reasonably, we should see a retracement along this current uptrend. Use low lt as this is a long term trade
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is moving impulsively to the upside. Wait for the price to move correctively to the downside and form a continuation pattern to the upside, then watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Aud / Jpy broke the major trendline, so we can expect it to go up to the next resist, 80,000 area.
Price still in an uptrend till trend line broken