We face a critical phase now. You can see a strong divergence. The Elliott wave 1 and 3 are same length means we retrace at least.
AUD reached strong multiple resistance on monthly chart - yearly floor S4 and monthly kijun. Price also reached monthly reversal level R3 max monthly value (overvalue). Reversal from here is very likely. Dollar will be strengthening against AUD - coincides with our USDCHF analysis. Newly formed AUDUSD daily pivot range is very thin today - we might see a lot of...
The H4 Rejection Wick confirms this uptrend. Pure Price Action Trade - no indicators... Stop Loss set below previous wick although could be lower below Key Level (0.656) for insurance. TP is set at a 1 to 1 (Risk to Reward), although if we can continue upwards. I will use a trailing stop. Caution ! - we are near extreme highs and any positive fundamentals for...
AUD/JPY is recovering after the sharp fall and oversold illustrated by the RSI. The Price has recently bounced from the Minor Support line and show the increase in price which is expected to continue.
Morning So here is the GBPAUD Trade 2 good resistance on a fib 50% retracement! with 3 trendlines holding it down! Its already in a downtrend motion remember trend is your friend! All 3 of my moving averages are confirming downtrend! HAPPY TRADING
Dear traders aud/jpy is moving inside a channel and it has shown signs of rejection so short it. target-point:1.70100 stop-loss:if it closes a 4 hour candle above the broken fibo level close the trade. if you liked my idea like it and push follow button.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.64). 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 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 (0.64). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price is on a strong Uptrend and now it is facing the Resistance Zone. . 🔸 In case price bounces, it can make a downside move towards the Support Zone, however, we will wait for a breakout of the Ascending Trendline first. . 🔸 And, in case price breaks the Resistance Zone, then the target of the movement will be the Descending...
Hi there. Price is losing its up momentum. Watch strong price action at the current price for sell.
Hi there. Price is losing its up momentum. Watch strong price action at the current price for sell.
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 is currently close to its resistance. Wait for the confirmation. Let us know your views on this in the comment section. Thank you all. There...
Hello Traders To start off the week, I'll be looking at AUDCAD, the only Aussie Dollar pair I'll be looking at just now. Here we can see a break above then close below the resistance at 0.915 area (Monthly/Weekly) resistance. I foresee a drop in the pair, so will be setting an SL above trend line and hopefully enjoying a fine downward slide on retest of...
On the commodity currency front, looking for risk markets to reject the move quickly this week and trigger the flows towards USD. I recommended standing aside last week, and here I have been actively adding full sized AUDUSD shorts in the 0.660x handle. The healthy cleanse of USD longs in the antipodeans will make things a lot easier to trade with the next leg...
We are focusing GBP/AUD for buying is beacuse, first the AUD Currency Index is at its Resistance, and AUD has conquered the Top Flight for the past 2 weeks and I think it will fall with just a slip. Second, it is at the furthers support and it is also a D1 Support, so that the STOP LOSS will not be a big deal since it is a -30pips STOP LOSS. Kind of Risky since...
Good resistance lvl's here imho. Cheers! pls apply your own trading and mm rules in any case.