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AUDUSD - 3 DRIVE INTO FIB LEVEL!!In the AUDUSD this morning we are in the later stages of a 3 Drive pattern into a 61.8% Fib level. There hasnt been a decent retracement to sell but now im thinking this could be the start of the first retracement to take us back up to the 0.75 area and if there is a nice ABCD pattern back up then that will be the chance to flip from long to short. Monday morning thoughts. Let me know what you think or do you see something else. Enjoy the day.. 👍👍
Long
by L_F
2
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