So the daily candle didn't really play out as i hoped it would, was unfortunately not able to create a red body, because that green support held. It broke the red zone, but think it still has potential because it didn't really break up either. Think for now the green zone around 0.890 might be the key level short term, that level might decide whether i am right...
Hi everyone and welcome back to another trade idea for GBPAUD . In this video I discuss a possible swing trade to the downside and what exactly it is I am seeing to give me the bias! If you enjoy the content give it a like, follow me for more trade ideas and if you agree or disagree with the set up let me know in the comments below! Have a great day! And if...
Hi guys, I hope you are doing well. EUR/AUD is facing a strong H4 resistance (pink cloud) and is currently consolidating. As you can see we've been in a downtrend and now the pair is moving in a channel below the daily pivot. As soon as this structure breaks, I will short the pair. My minimum target will be the 50% fib extension level @ 1.68600. As you...
AUJPY is on a bearish trend in the long term and we take it as a strong representative of risk sentiment ( can refer to its strong correlation with SPX which we showed in the video). We are shorting it from a key resistance level and we are waiting for a further push up to that level. Hope you enjoyed the video! Entry: 70.32 SL: 72.84 TP: 64.24
EURAUD is waiting for downside confirmation. If price is able to break below the downside confirmation, it will open up a bigger drop towards our target.
Some Aussie Pair setups here looking very good. First of all let's start with EURAUD. Nice setup. We have been in a downtrend with multiple lower highs and lower lows. We then began to base, and it seems the trend has exhausted as we cannot make another lower low. Seems we have made a double bottom here. The trade will be triggered if we get a break and close...
AUDNZD The upward move is not justified due to the fibonacci ring being a continuation of a down wave This is just theory and if anyone knows more please comment I expect consolidation around the 1 dollar region
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! Good Luck!!!!!!!!!!!
A clear Head And Shoulders formation was made on the 30 Min chart of the AUDNZD. The neck-line of that chart is represented by the blue line and as you can see it is already broken. Take in consideration the broken bullish trend line, which support our bearish view for the pair. Our entry will be right after a clear close below the 1.04900 targeting the 1.03500...
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! Good Luck!!!!!!!!!!!
There is a high probability of the AUD going down...for many reasons..
Early this morning, there was news for the Aussie for a speech and Great Britian's jobless claims of the coronavirus pandemic. Based on the chart of GBPAUD, it looks to be in a downtrend. Therefore, we are looking to sell it after these two news events this morning. TP: 1.96-1.955