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AUDUSD: Potential Pullback Trade Explained 🇦🇺🇺🇸 AUDUSD is approaching a strong structure resistance. On that the price formed a double top formation. To catch a pullback you should wait for a bearish breakout of its neckline. You need an hourly candle close below 0.723 - 0.725 area. Then shorting on a retest your goals will be 0.7185 / 0.7145 If the price sets a new high, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
31
EURNZD: Consolidation & Indecision | Your Plan 🇪🇺 🇳🇿 For the last two weeks, EURNZD remains weak and indecisive. The pair is coiling within a horizontal trading range. It looks like the market participants are waiting for some fundamentals. To catch a bullish move wait for a bullish breakout of a range's resistance. In case of a 4H candle close above that a bullish movement will be expected to 1.73 level. In case of a bearish breakout though, the pair may drop lower. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
20
EURUSD: Technical Outlook | Two Scenarios For Next Week 🇪🇺🇺🇸 Hey traders, Based on a price action analysis I see two potential scenarios for EURUSD next week: Bullish Even though the pair is trading in a global bearish trend, since November we see a correctional movement. The market is steadily growing within a rising parallel channel. Now the price is approaching its support. For now we may expect a bullish movement from that. Bearish The channel that we earlier discussed can be perceived as a bearish flag pattern. Its support breakout will trigger a trend following move and a test of a current low. I am still bullish and have a long position on EURUSD. But be prepared for both scenarios. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
32