AUD/USD weekly- Technically still in a downtrend. Downtrend line not breached yet.
Simple trade waiting to see if continue down. Personally I have a SELL STOP at .68973. A safer / better trade would be to wait till price breaks the support and goes back for a retest. 1:2RR RISK 1%
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!
Daily Analysis of AUDCHF A) The price has broken a descending channel with a bullish movement B) From a Technical Perspective Corrections appear after relevant structures are broken C) Based on that we are expecting a correction on the current zone D) If that happens, we will consider it as a continuation pattern E) The main idea will be to trade...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Resistance Zone at 0.7400, and, if price bounces, then the target zone is the pullback to the Broken Trendline. . 🔸...
Approaching a crossroads on AUDUSD where we could see some resistance on this current rally. Alternatively, if price breaks through this area of interest we've highlighted the next potential target/resistance area. From a COT perspective, we are seeing short positions continue to add up on the AUD.
The Australian dollar has surged to pre-coronavirus levels after sinking to a 17-year low in March. I think we could see a short term top here because the TD Sequential is showing us a "Red 9", the RSI is at overbought and DMI is heading down. The purple line could be the top.
Weekly trend line has still not been touched on GBPAUD, MACD and RSI showing support for further downward movement. However Stoch is undersold which could be a small move upwards before downtrend continues. Waiting for the failed breakout of the 1.83200 zone before entering a short trade.
AUDUSD retesting the recently broken trendline. we have a very nice match between a horizontal structure, projected harmonic movement completion and the above-mentioned trend line. based on that the price may drop lower. intial target : 0.6966 p.s a lot of fundamentals today! no matter what is your view on market atm, try to trade with trailing stop to...
Hello👋, here is my analysis for AUDUSD. Let me know in the comments if you guys have any questions. If you like my analysis please hit like. Thanks.
Price is approaching our resistance in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a reversal to our support level . Stochastic is approaching our resistance as well.
Price is approaching our resistance in line with our 78.6% fibonacci retracement and 100% fibonacci extension where we could see a reversal to our support level. Stochastic is approaching our resistance as well.
0.69728 - 0.70228 Add to Watch List Signal ID: 72124 Time Issued: Wednesday, 10 June 2020 05:36:15 GMT Status: open Entry: 0.69728 - 0.70228 Limit: 0.70989 Stop Loss: 0.68989 The Breakout Opportunities system has just bought AUDUSD at 0.69975. The system recommends entering this trade at any price between 0.69728 and 0.70228. The signal was issued because the...
morning guys! after a sharp, long lasted fall, GBPAUD has finally found strong support. the price not only managed to stop rallying but, moreover, it has easily violated the last lower high level, setting a new higher high and establishing a local bullish trend on 1H. now the price is consolidating in a local horizontal range. if you want to catch a bullish...
Please manage your risk. Use Stop loss. And do not take blind entries. If you have question let me know. If you want to analyze any pair let me know. This is just an idea. what we see. Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.