Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
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.
Possible testing of the upper descending line and resistance of 0.70 and then reverting to a downtrend
Just trying to look at AUDJPY from big picture point of view and have been eyeing this for awhile. Based on my EW analysis (Note: I'm not a Pro...) it seems a 5 wave cycle as been completed and price is now in an A-B-C retracement which on be broke down into another 5 Wave pattern on smaller scale. Anyways, if this is true we should be closing in the end of the C...
Spotted this pattern, kind of looks like a Bullish Cup & Handle. Just something to keep and eye on.
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines, Then traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. ....
Amazing Risk/Reward at this trading plan! Let's see how this one goes..
Hello traders, GBPAUD remains in downtrend as recent bounce looks slow and it appears corrective. In fact, rally fits perfectly into an extended bearish wave 3, where price is now ending a sub-wave iv. More weakness in view. Trade well!
TF: 1 Hr Possible small H and S forming on the 1 Hr. Could see some downside from here if the formation holds true.
Hey, I am back with another Forex idea, this time looking at AUD/USD. AUD/USD is breaking out from trading range in uptrend, buy the breakout! TP 0.70600 +40 pips. Make sure to follow me in order to not miss out on my future setups. If you found this setup useful, please don't forget to leave a like! I post every working day. 🙌
Hello Traders, AUDUSD is starting to look bearish in a descending wedge down to our recent Supply zone. Trade Safe