Hi guys I think there will be a repeat of the rebound from the resistance zone , and the breakdown of the uptrend channel in the short position. If you like this idea, please like and subscribe to my profile. This idea does not provide financial advice.
The curve was broken to the upside on July 14, European morning time. As you can see, it has acted successfully multiple times as a resistance and it seems now buyers are ready to push the pair to higher levels. I am buying at market price, my 1st target will be the 50% fib level from last top then If I see a continuous strong upwards movement I will target the...
Hi guys I think there will be a repeat of the rebound from the resistance zone , and the breakdown of the uptrend channel in the short position. If you like this idea, please like and subscribe to my profile. This idea does not provide financial advice.
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, the price has hit its Resistance. One can take a sell trade till its support. Let us know your views on this in the comment section. Thank you all. There is good...
EURAUD takes off from a strong demand zone based on a perfect match between a horizontal structure and a rising trend line. the confirmation was a bullish violation of a falling wedge pattern and higher low formation on 1H. now the pair will keep growing. target levels: 1.635 1.6385
A simple break and retest long trade. 50 EMA + 0.382 rejections Price action: Loss in momentum, rejections + doji candles Standard trade
AUDJPY is Bullish - We look to Buy at 74.32 ▪️ Trading within a Bullish Channel formation. ▪️ We have a 50% Fibonacci pullback level of 74.23 from 73.30 to 75.16. ▪️ Bespoke support is located at 74.32. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 74.32, resulting in improved risk/reward. Stop: 73.95 ...
AUDCAD is overbought and looking for a large downward movement. Short-term we are looking at 150 Pips to the downside Long-term we are looking at 300 to 500 pips Indicators: Look left rule- If you look at history, the current area where this currency has been a strong pivotal point, dating a few years. This is now acting as Resistance. Daily and Weekly time...
AUDUSD Short position potentially happening here, AUDUSD was on a strong upward trend, we have now hit a strong resistance area on the daily, using a fib retracement we may seel AUDUSD start to sell off before continuing the general trend, also we are likely to see a 'right shoulder' forming if this retracement happens. combining this with other research such as...
Aussie is starting to look like it might break out north. Could be a nice spot to get in with low risk. Look for an entry around 74.64 to 74.80. If it does go long I think an easy Target would be 75.87.
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!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF 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 line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF 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. ....
The pair is supported by a nice parabolic curve which has shown multiple supports over the last days. This morning we have broken a structure to the upside, indicating buyers are in. We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels Check out the ZOOM below to understand...
AUDNZD buy 1.06171 SL 1.05950 TP 1.06614 R= 22.1 pips If price reaches 1.06392, move SL to 1.06216
The market after a continuous move up retrace till the 0.382 fib level of the previous leg and move in a consolidation side range for fre days. Now the price seem to push up and IF the market will clearly break above the blue structure at the retest of it we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the...