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Trendbreakout

AUDUSD MULTI-TIME FRAME ANALYSLSHello Traders Here is my view on AUDUSD. WEEKLY TIME-FRAME Description: Price closed with a strong bullish candle. This shows buying presence as buyers actually stepped into the market at this level causing bullish momentum. Bias: Bullish DAILY TIME-FRAME Description : On daily we can see we on a dominant uptrend as price is making higher high after breaking the resistance turned support. Bias: Bullish Trade Plan: We like to trade combos. Market should be telling us the same thing from higher time frame. We expecting a pullback as price hit our 2nd target of Fibonacci Levels . We will be monitoring how price unfold when market open then we will react to what market reveal.
Short
by ForexaSolutionsAcademy
XAU/USD H4 Long Entry Re-capI re-created a trade I executed on a demo account I've been using to test this idea. I've been working on this strategy and, more importantly, my patience for the past 6 months or so. I'm Wondering if anyone else uses something similar to this when looking for entry points & confirmation. I'll do my best to explain the thought process on why I entered long, because last Friday I made a post with a bearish prediction. The white trend lines are a bullish channel that started back in 2018. The red was drawn on the H4 from the high point in early March. There are 3 steps I use(d) to try and find the right entry. 1) Break above the trend line. This was a clean break above the trend line with a fairly strong candle close. Easily could have been an entry point, but the candle wick was too long for me to use this breakout as the sole confirmation. 2) Confirmation Zone. This is something I started using after entering on too many false breakouts. I created the top line of the zone by simply using the top of the previous higher high. The bottom line of the zone isn’t nearly as important. I typically will look to put it at a S/R line that has 2-3 pivot points on it. In this case, the $1630-$1645 range had many pivot points. 3) Strong bull candle broke above the confirmation zone and closed. The hard part here is having the patience to wait for the candle to close, and making sure it’s a strong candle with more body than wick. This was strong, and enough confirmation for me to enter. Entry) I didn’t have a Buy Stop in place, so I dropped down to a shorter time-frame to try finding the best entry point. After I entered, I set my S/L just under the Confirmation Zone. Note: I don’t typically start out with a set T/P. I will usually draw lines like I did on this and if they hit it, I’ll re-evaluate to see if I want to close out or not. I like to monitor it and manually adjust the S/L, or use a trailing stop. Each situation is different though. *Not financial advice*
FX_IDC:XAUUSDLong
by RedShieldGroup
AUD/USD : WHAT'S NEXT ??Yesterday the pair reached Resistance Zone again expecting us to get a clear chance to go short again . Seeing the Weakness of dollar at this time of Impeachment news .Also it's might be retesting the trend from July which it broke twice . So be careful with this pair Chances Are SL:0.69561 Tp1:0.68508 Tp2:0.68054 Tp3 : 0.67537 We can Start to expect rejection from those take profits area as they are the support Areas too .So You Can take advantage of the pair Avoid getting Greedy Use Risk Management
Short
by lothsAustin
AUDCHF Deep Bullish Crab + Classic S/R + Trend BreakoutI am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair " FX:AUDCHF " until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic has more potential to be completed. Time will tell. This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.
by HHCWW