AUDUSD reached its highest levels since the beginning of the year, recovering the entire decline! Yesterday we saw a Bear Engulfing, which signals the current exhaustion of the rise. It's caused by the accumulation of profits and the possibility of adjustment. Today at 18:00 (GMT) we expect Fed Interest Rate Decision. The news will be a catalyst for movement. As...
TF: 15 MIN Looking to short on the corrective pullback, price looks like it was rejected near the trend line. I am anticipating some selling will occur. Long-term I think AU is bullish, this sell is mostly for a corrective pull back. Trade safe
Hello, everyone. Thanks for reading. You can sell, risk reward is good. Thanks for reading Dont foreget to leave a like if you liked my idea
Price had broken upside out of the range that I have my zones in. Price is heading back down so if price breaks down I will be looking for a sell below the range. Currently have a sell stop at 0.69557 which is riskier. A safer trade would be to wait till price breaks and wait for a retest well if end up heading down.
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!
TF: 8 Hr I think if price can fall out of the this rising megaphone pattern, than some selling will happen. I think a TP 1 could be at the .382 and 0.50 levels (in between them). If price really falls, than 0.618 would be a good level to exit and maybe re-enter long as price would be testing the a respected trend line
As a rejection in the resistance 0.70320 the pair had a considerable drop, of course we are also facing a consolidation of the ABC pattern, which within it we can find the zigzag and the flat correction. i still believe that the decline is not over yet, the pair should go test the trend line that was broken to confirm if we have the long-term high.
Hypothetical scenario: (1) Entry @ 0.69950 (Buy LMT ) (2) Stop Loss @ 0.69820 | 13 points (3) Target @ 0.70280 | 33 points (4) R:R = 1:2.54 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
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!
There is a fair chance AJ has accumulated enough buying pressure to overpower selling pressure on the other side of USD and break out to the upside here. Keeping an eye on what CAD does currently by looking at CJ for example confirms this case and its agreement with UJ Seasonality's opening bell. Looking forward to Monday or Tuesday London open for this...
AUDJPY - SHORT We are looking for a retracement back down to the last support area. As you can see AUDJPY has been overbought, rejecting of the R5 pivot point. Now we are looking for a retracement back down to the the area as shown. We will see when the markets open getting position of the pivots and catching the ride down to the support. We would exit once...
Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Bullish price action above previous highs. 4 HOUR Overall bearish market with a possible turn. DAILY Good long entries, prices came back to our main sr level. - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.82550 SL @ 1.80830 TP @ 1.84960 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
AUDNZD potential short opportunity. The price is currently at a neckline of the double top formation. If the price would be able to break below the neckline, we will be looking for short entries in a pullback phase. Follow @MF_Forex for more analysis.
AUDNZD is touching the lower band of the channel and we might see a bounce from here ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze...