Still a bit early to confirm the low, price still need a spike above the resistant for a retest higher. DXY just closed the gap earlier, may lend short term strength and move higher. Real move to be confirm after FED interest rate decision.
AUDUSD is taking off from a wide horizontal zone of confluence based on a demand cluster and 618 retracement of the last bullish impulse. The price formed a double bottom pattern on that as a confirmation. Goals: 0.68 / 0.683 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.63950 zone, EURAUD was trading in an uptrend and currently seems to be attempting to break it out. Once we will get further dips below 1.63950 support area we will be looking into a potential retrace of the trend towards more lows. Trade safe, Joe.
Today's focus: AUDUSD Pattern – HL Possible targets – 68.11 – 68.85 Support – 67.17 Resistance – 67.75 Could we see further upside from the AUDUSD? Currently price is bouncing off short-term support. This could continue if some of this week's key news goes in favour of risk markets. The USD has had a solid run recently but could any hints at future rant holds...
For this week, I'm looking to enter a position in EUR/AUD based on these 2 scenarios .. in both cases; we need excellent and robust confirmation. Until the BOJ stops controlling the curve, the JPY won't get strong, and this will happen soon, but not too soon .. follow the news .. try to understand, and read a little about the dynamics of this market. Ps . Leave...
From what I posted last night .. this is my plan in lower time frames .. buy on breaking the high or sell when the last low breaks. And most importantly, risk management ps. Leave your comments and thoughts.
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.91500 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.91500 support and resistance zone. Trade safe, Joe.
AUDUSD - 24h expiry We are trading at oversold extremes. A Doji style candle has been posted from the base. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6790 (stop at 0.6830) Our profit targets will be 0.6690...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
The price is in its corrective closing range and I confirm the order using the candlestick
EURAUD has made a Double Bottom on the 1D MA50, keeping the 1D time-frame bullish (RSI = 58.711, MACD = 0.006, ADX = 17.748). This is primarily a bullish signal and as the 1D RSI is forming the same Channel Down which on April 14th kickstarted a strong leg up, we will take a short-term buy position targeting the 1.0 Fibonacci (TP = 1.67850). The extension can...
GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075) The current move lower is expected to continue. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 1.8850 will confirm the bearish momentum. Our profit targets will be 1.8820 and 1.8780 Resistance:...
(an aggressive scalping opportunity) TP @ 0.6838 (at the previous Daily Open price) BSO2 @ 0.6829, moderate ⏳ BSO1 @ 0.6822, aggressive ⏳ -SL @ 0.6805, aggressive 🚫 -SL @ 0.6788, moderate 🚫 Being that we have AUD News @ 18:30 PT / 21:30 ET, here's a potential setup for +9 to +25 pips of profit from scalping price action. ⚠️ Attached to this post is the BIG...
AUDUSD is on the 4th red (1d) candle in a row, following the Double Top rejection near Resistance 1 (0.69000). Trading Plan: 1. Sell on the current market price. 2. Sell if a (1d) candle closes under the Rising Support. Targets: 1. 0.66750 (contact with Rising Support). 2. 0.66000 (Support 1). Tips: 1. The RSI (1d), is on the MA trend line. If broken, it will...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up....
EURAUD is testing a horizontal key level. The price formed a double top on that on 4h time frame. To short with a confirmation, wait for a bearish breakout of its neckline. A 4h candle close below 1.6457 will confirm the violation. A bearish continuation will be expected to 1.6415 / 1.6375 levels then. Alternatively, if a price sets a new higher high higher...