Expecting a fall in AUDUSD, the 0.65640 level has held up as a strong resistance previously and is also a supply zone, so will be looking for sell limits in this area
i not very clear about this chart . let me know what do you think about this chart ?
AUDJPY Long Idea The higher time frame is primarily bearish but we have seen a very strong 4hour bullish trend much like AU We are going to continue with this bullish 4hour trend and look for long setups within this 4hour bullish channel Confirmation to enter long could be seen after a break and retest of lower timeframe structure around 70.600 (the blue arrow)...
AUDUSD Long Idea The higher timeframes are bearish on this pair but we have seen very strong 4hour bullish volume lately We are currently favoring a 4hour bullish push higher toward the top of this channel (the blue arrows) and a break and retest of 0.65580 would be confirmation enough The other potential scenario would be a drop in price action toward the...
Both currencies are under recover since risk on sentiment took over. Long term direction is still to be confirmed by both currencies since uncertainities and virus danger are still not gone. In both scenarios I see AUD still better and safer currency to long vs NZD. SENTIMENT/SECULAR ANALYSIS: Institutions are still holding short positions on both currencies,...
Plan 1 buy ; Doubble bottom has been broken and made a clear retest . Plan 2 sell ; Fresh supply zone @65.70 zone . If price shows rejection i will go for sell
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.