We are finding resistance at the 61% fib and previious structure after breaking the uptrend line at previous daily structure. Targeting 127% extension. Alternatively traders could wait for breaks below the 1h 50ema for added confluence.
Several price rejections on GBPAUD, i think it's heading up as there are multiple SHS :) Let's see what will happen with a stop at 1,9450 and a TP at 2 maybe more
My sentiment remains Bullish, Still holding a few long positions, and will act accordingly if the candles show a fail bullish continuation. Currently, I reckon AUD will continue the rally until 0.664 zones Catalyst: Price action
We have clear levels to watch and nice trend. I am aiming to gap closing at 70.000 Risk reward ratio is great. Stop loss below last H4 swing
Hi guys, My sell trigger was activated on EUR/AUD as well (check out EUR/USD and EUR/JPY as well below). The pair broke its structure to the downside. Its also below all pivots (M, W, D) and below the clouds. My technical target is shown in my chart. If you like my work, please show some love :-) Best, Jesse *** Trade at your own risk ***
I see AU buying off of this zone especially if buyers enter however price has been resisting the level so i can see it pushing back down to the lower level of support.
Hello Traders, Here's my analysis for AUDUSD, seems to be trading in a Wave Form respectively and will make its correction down when it hits 5th wave :) Trade Safe
If my Elliot Wave count is correct, I think we will see one more drop down before price moves north. We could be in an ABC pattern. Look at my prior ideas to see bigger Elliot Wave picture. Be safe and happy trading!
A clear rising wedge with a channel at the top, it may be acting as a bullflag. Price is over 200MA which is a bullish sign Price must break the critical resistance level for support to then be formed at that same resistance level. Room to move up between the 0.5 and 0.618 retracement levels
HI NEWS: -AUD/USD appears to be stuck in narrow range following the Reserve Bank of Australia (RBA) Minutes, but the exchange rate may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) snaps the upward trend carried over from the previous month personal opinion: -Depending on the demand, we expect another rise in the short...
Looking to short EURAUD on the retest of the previously established support at 1.70000. Multiple confluences in play here including the 38.2% fibonacci level a 3rd touch of the descending trendline and when pa reaches there we will also have the 4hr 50 ema and daily ema wrapping around.
Bearish move - it was clear to us, Euro was getting weaker but tested the fresh supply level on the 4 hour. We waited for price action confirmation and sold on the rejection of the zone. Now risk free. It was simple as that. If price reverses - no problem. Target is the next demand - swing trade if passes this and falls further.
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!
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!