AUDUSD Long Idea This pair is currently mid formation of a daily transition to the upside! Meaning the daily bearish 100% fib level has been passed and price action may be looking bullish for now. On the 4hour chart price action is showing strong bullish momentum and we’re looking to make a push toward 0.67500 which is looking very likely. Upon market open...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for sell.
AUD/USD just hit old-time highs of which is also a weekly strong area of resistance. We might start looking for a double top (M) on the strong level or head and shoulder pattern to enter a trade.
Waiting for price to reach the area indicated where I'll be looking for shorts. In the meantime, I'll be looking to go long in the meantime.
Price holding support really good candle formation also really bullish engulfing and doji making it more bullish let's see when market open
As you see on the chart H4 AUD USD, this pair still on the track inside uptrend channel, take advantage of the weakening of the dollar....
After getting the new Support zone the GBP/AUD is the the Downtrend. The price is below the MAs and they do not look like crossing , hence there are no reasons to expect the trend to finish.
Over a months long consolidation stuck in the 0.63750 - 0.65670 zone, we noticed a clean break up to the 0.66787-0.66389 sell block zone. Following "The Box Strategy" we should witness a push & pull through our "cap zone" 0.66214-0.66023 and our profit wave reaching 0.62577 (380pips)
The other two key events coming up will be the Royal Bank of Australia Central Bank docket. AUD/USD and AUD/JPY will be of watch next week, and also AUD/CAD should have volatility . These are unusual crosses that will be worth paying attention to, because volatility will be high between these crosses.
Hypothetical scenario: (1) Entry @ 1.66665(Buy LMT) (2) Stop Loss @ 1.65540 | 111 pips (3) Target @ 1.68925 | 226 pips (4) R:R = 1:2.03 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.
GBPAUD buy limit @1.85622 SL @1.84968 TP @1.86630 Pretty risky one, as a trend reversal is needed. Price has been unstable lately, so could turn either way. Nevertheless, if the trade starts correctly, it has very big potential, and targets should be extended.
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. On AUD/USD here we can see a nice ascending triangle. This is a bullish pattern, where we expect the price to break through the upper resistance line eventually. Every time the price has hit this area the price has bounced back, but each time slightly less. This means two things: 1)...
Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Very bullish price action above main sr level. 4 HOUR Strong waving market took out previous lows and skyrocketed instantly! DAILY Overall ranging market at its lows, we might see another push to the upside! - FOREX SWING BUY EURAUD ENTRY LEVEL @ 1.67080 SL @ 1.66280 TP @ 1.68390 Max Risk. 0.5% -...
Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks. Rising Wedges breakout direction: 60% probability downwards. thepatternsite.com From Thomas Bulkowski- encyclopaedia of...
Yesterday, AUD Private Capital Expenditure had occured. I was looking for a buy which wasn't clear yet. In the past couple minutes, price shot up for GBPAUD. Therefore, we are looking to buy right now for GBPAUD due to the news after affects with enough support.