AUD came out with a bit disappointing retail sales, giving fuel to this downfall against NZD. Volume is showing cash build up, rsi and macd is leaning toward lower price tag. Let it break 10EMA before going short. Also be aware Cash Rate and RBA Rate Statement comes out today in Australia.
1.05 - key resistance level Bullish outcome: 1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it. 2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it. 3. Bounce of around 1.045 and then close above 1.05 Alternatively bearish daily candle closing below 1.045 and open the way to...
If breakout downtrend, BUY at area 104.87-10564, SL 100 pips Targer : 1.0742 If no breakout, SELL at 1.0487-1.0544, SL 100 pips, Target : 1.0261.
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 600 Pips, It has a potential for 1100 or more pips, the minimum expectation is 600 Pips from this trade ! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the...
Waiting for the breakout to see an impulsive move! Short the breakout.
I was expecting another down movement before heading up, because we had a long consolidation, but my classic trend line has broken with a pull back. I will be buying when the market opens and I will place my SL at 1.04010 and let it go. I think this is a pretty high probability trade. we should make up for our losses we had in the past few trades.
Price has shown momentum for both sides, thus indicating a possible contracting wedge. Lets see what we get. This is a daily chart so even if it could be a huge correction, there will be plenty of short term opportunities within the structure.