last week euraud was on consolidation . since last week i marked this zones support and resistance that i am waiting for a break and retest to enter on trade. in my opinion euraud should go sell next week.
Wait for price to retest the zone indicated or simple break the 1hr correction
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸That was a bearish signal, however, it has been consolidating since then. . 🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
AUDUSD - My View Next Week - 20.07.12
Currently the AUD/USD pair heading towards to the bottom of the channel. After the breakout ,I expect a retest from the trendline,before the price starts to fall again.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Since it seems today the AUD/USD will close under its resistance. I will be going short with a TP of the previous support which is around 0.66800. It will trigger my SL if a 4h candle closes above 0.69200.
Hi moneymakers, Setup for EURAUD, we found resistance/retested very nice on ALL the levels of fib except for the 38 yet. There also seems to be a strong level of previous support, wich now turns resistance on the 38 fib. So from here i am expecting a push down wich also is in line with the fundamental data for now. We will short EURAUD very soon if price...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
According to the form of the curve, it seems prices have shifted temporarily from bearish to bullish. I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside. I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib...
BUY AT 0.69782 AND TP: 0.70032 AND SL: 0.69657. 12.5 pip SL and 25 PIP TP for a 1:2 RISK TO REWARD. Manage RISK to your level. Check out my YouTube at NOEFXX.
this is a audusd trade where by i would need to for a break of the range and then is would sell the retest and ride the push to the possible downside movement
AUDCHF respects major uptrendline Price is based above HVN at level 0.6544 which indicates that pair is in accumulation phase MACD shows start of bullish momentum RSI is above level 50 we r waiting price exceeding next resistance level at 0.6557 to open long trade It's expected to first target key level at 0.6605 then finally target supply zone at level 0.6735
Hello traders! A bearish divergence just showed up and it seems promising! In fact, if you look at the MACD you may see clearly that the bullish momentum is getting weaker and the RSI is almost overbought! These two facts make me think that a bearish reversal will take place (if not now, in a while). The target is our dotted line and remember to put a stop loss...
1.80 major pivot we are trading above I will be monitoring this as it is Wednesday about to be Thursday (11:37 PM EST) and I am gonna be trading London + NY to see where price should go Will update closer to London or NY open