Friends, I initially entered this pair @ 1.03882, and closed this long position today in anticipation of the following analysis. As announced earlier today (see dated tweet on this pair), the pair is likely to recover towards its 50% level. However, price stalled at the 38.2% Fib level, suggesting that a transient recovery in $NZD could pull the pair back...
Hi Traders, I am looking at aussie today to see if we can get any reaction from the line of the channel which he broke tonigh. IF we can some failures at the line, I might try ti short with a very tight stop loss. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
This trade is based on several indicators: 1.Supply and Demand 2. Fibonacci ratios 3. Stochastic 4. Price Action 5. Fundamentals 6. Gut feeling Enter short positions on any strong rallies is my advise. Lets go! Rodrigo
AUDUSD still in downtrend, will short if it hits 0.8150 and SL at 0.8190 since above that will target 82c and invalidates this short term trade.
The aussie has been sliding hard for the last few days but now we are close to big supports! Will big investors and banks cash-out their trades and get the profit from shorts? Lets watch 0.8064 and 0.7988 (red horizontal lines). Also the pitch-fork line is in that zone, RSI at 30 line and Stochastic getting in the lower zone.
Simple perspective setup made of structure resistance zones, and Fibonacci levels.
OVER bought, will do two entries, one at .786 and one higher or lower.
There is not much movement in this pair, enter short at resistance channel and take profit at mid line, or enter long at support channel and take profit at mid line can be a good strategy as long as this pair trap inside consolidation. Bullish confirmation if 0.8861 break up
Price action stuck in a supply zone, which also corresponds Fib. high to low retracement. A break and close would signal a move to the 200-four hour EMA with a second target at .89. If Aussie-dollar trades below, price action will likely trend to .8770, which is were price action support and moving average support meet. Non-directional bias, would trade in...
Everything is on the chart! Keep it simple :)
H L C PIVOT R1 S1 R2 S2 AUDUSD 0,87821 0,86516 0,87622 0,87320 0,88123 0,86818 0,88625 0,86015
Looks like aud/usd is at support. Going long with aim at first 0.8900 then 0.9050
The AUDUSD continues to sell off i don’t see any reason why it will stop anytime soon that's why i short this pair t1: 0.866
Friends, $AUSUSD proved to carry more bearish strength, as price moved directly to its primary target at TG-1 = 0.87038 - 24 SEP 2014, and ignored an anticipated TG-Hi interim. However, at this point, price has returned to the upper half of its bar after hitting TG-1. A retracement to TG-Hi remains probable, although a higher target at 0.90941 becomes a...
Friends, Predictive/Forecasting Model indicated a probable limited retracement to: - TG-Hi = 0.90287 - 24 SEP 2014 If and once reached, lower targets would come next per same Model, namely: 1 - TG-1 = 0.87038 - 24 SEP 2014 and 2 - TG-Lo = 0.85516 - 24 SEP 2014. At the point, wave count remains probable at points 1 and 2. A reversal at current level...