Hello traders and Happy Wednesday!
Looking at AUDUSD, on the 1H we can see a classic head and shoulders pattern.
With the hopes that this pattern holds, we can look for a break of the support level 0.64000.
Further downside for the pair.
What are your thoughts on this pair today?
#PATIENCE/FOMO
Hello traders, looking at this pair, it has been trending to the upside today.
If the bulls overpowers the bears into the upcoming sessions, we can expect a continuation to the upside. And vice versa for the bears.
Remember to remain patient and to wait for what the market gives us.
#PATIENCE/FOMO
Hello traders, looking at at the movement for AUDUSD, we see that the market is in an overall downtrend.
The trend is our friend until we have a clear reversal.
There was a retest at 0.64250 psychological level where price rejected strongly.
We can expect further downside as time goes on.
#PATIENCE/FOMO
Hello traders, looking at this set up on the 1 hour time frame, price is at a resistance level and it has rejected it with a doji which provides some bearish indication.
It also looks as if the market is in a range as well.
Looking to see price drop to the next level if possible.
#PATIENCE/FOMO
Can this pair fall to the strong resistance level?
AUD/USD has approached a strong resistance level 0.65500 again.
We could potentially see another rejection and head to the downside.
If structure is broken, then we void the bearish bias.
#PATIENCE/FOMO
Hello traders, during this session, the market broke structure with a push to the downside.
On the fundamental side, the DXY had positive news which it shows the opposite for the Aussie in this case.
At this point, looking for entries for sells and moving with the overall downtrend if the market presents them.
Hello traders, AUD/USD was rejecting the support level 0.67250 for quite some time now.
With a lot of bullish momentum to push the market up, looking to see a break above 0.67500 for continuation.
We can possibly be looking at the beginning of a new trend, but whatever the market gives, that's what we take.
Happy Trading!
#PATIENCE/FOMO
Looking at AUD/USD on the 1 hour time frame, we can see a range going on.
On the psychology/support level 0.68000, 2 touches occurred.
Buyers can push the price up to the next level and break through or reject and head down.
#PATIENCE/FOMO
Good day traders, we can see that the market was controlled by the bulls all day.
As this session comes to an end, we can see a bit of exhaustion occurring in the market.
Looking to see price do some retracing. But be patient with whatever the market gives you.
#PATIENCE/FOMO
Hello traders, during the New York session, the bulls brought a lot of momentum into the market today. Looking at the chart, we can see how price broke through the 0.67750 level. Price can continue and break above 0.68000 or reject 0.68000 and head back to the 0.67750 area. Be patient and react to what the market presents in the upcoming hours.
#PATIENCE/FOMO
Hello traders, looking at the chart, it is clear that the market is in a strong uptrend. We can see also how the trend line is greatly respected each time price touched the line. The resistance level at 0.66750 is showing some rejections. If the market pushes down, we can look for sells to the next level of 0.66500. Seeing that there is a gap in the market, I am...
Hello traders, during the New York session, the bulls pushed price to the 0.6570 resistance level. Seeing that momentum faded, a doji formed on the 1 hour time frame which then resulted in selling pressure coming into the market. Bears can take control towards the next support level and further if possible. Let's continue to monitor the charts as this session...
Hello traders, from the daily time frame, we can see that price closed above the 0.65000 level for the past few days which price definitely respected this level. Scaling down to the 1 hour time frame, we can see that there was a strong bullish candle that pushed from around 0.64750 support level. This could potentially result in a break of 0.65000 level on the 1...
Hello traders, the market has been extremely bearish lately. Looking at the support level 0.65000, we can see how the market has rejected this level for a possible reversal. Being conservative, we can wait for a break and a retest of the 0.65250 level to look for buy entries.
#Patience/FOMO
Hello traders, AUD/USD has been bearish for the past sessions. Looking at market structure, the daily time frame has the potential to close below 0.66250. If so, we can expect to see a continuation to the downside with price rejecting that resistance level for us to short the market.
#PATIENCE/FOMO
A support level has been broken in which bearish momentum is continuing to the downside.
Looking to see price retest the previous support level to act as a resistance level in order to enter the market for a sell position.
AUD/USD has been bearish all day. Looking for trades to the downside to continue the bearish trend. It would be good to see the market push up to retest the 0.67250 level for a good risk to reward ratio.
#Patience
