#100 sell range: 0.96411 Targets: 0.96221- 0.96031- 0.95841 Stop loss The first goal: the profit to loss ratio is 1: 1 (0.96601) If the first target is touched (close one third of trades) Stop Losses Second and Third Objectives: 0.96411(Entry Range) , If the second target is touched (close another third of trades) And if the third target is touched (close the deal)
We are looking audcad for trend reverse pattern BUT we need more proofs then only picture. We are giving you away possible options. Trend description Trend way hasn't reverse yet. Price is at first testing perioud. The question is: Are we going to continue sell? If price will follow one of breaking options, your job as Elite trader is to focus at breaking spots...
SELL AUDNZD at the current price level on the daily chart with a 1:1 risk to reward ratio to add some room for movement. Target as shown.
The breakdown of the upward support level, after the statement of the Australian Central Bank about the too high rate of the Australian dollar and possible interventions, caused the price to decline to the support level of 0.7080. After an upward rollback, the downward movement can be continued to the next support level around 0.6780.
Hello everyone, I can see a head and shoulders forming, i've opened a short let me know what you guys think!
Tracking this for a down move to begin as we may have made the weekly high
AUD/USD daily- Consolidating within a Symmetrical Triangle. Most likely a bearish breakout- Since the US10y treasuries have already broken downwards out of its Symmetrical triangle on the daily chart. The AUD/USD and S&P500 index will follow suit.
AUDUSD (4hr) 1-2-3 Trend Reversal? Must complete all three steps to be a trend reversal. Step 1- Check. Step 2- Check. Step 3- must break red support line (previous low).
AUD/USD hitting old January highs (yellow horizontal line), with upper bound of Rising Wedge. Plus daily chart RSI at 80! Very overbought conditions in the short term.
Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptable high failure rate and small post breakout declines. They also have a 72% probability of pullbacks. Rising Wedges breakout direction: 60% probability downwards. thepatternsite.com From Thomas Bulkowski- encyclopaedia of...
Selling this rally into resistance have made the Aussie Dollar an attractive sell for the a test of the bottom of the range, within a longer downtrend. The shorter timeframes are in overbought territory which makes it a better sell. Only a daily close above .6680 would negate this trade. Note: the rally could extend so wait for a test. I'm interested to hear if...
Expecting a push higher, if price respects highlighted zone. will only look for sells, if price pushes back below highlighted, then I will look for other confirmations to sell.