Several weeks ago I expect it will going down retrace to price 64¢ but it didn't, it was pumping from 65¢ and broke the strong resistance swing high at 68¢, after that correction to strong support at 66¢ before it pumping hard again to test that 69¢, but unfortunately not yet touched. Usually when the price doesn't touched particular strong round number (almost...
AUDUSD is continuing the cycle to the downside with the completion of wave Y in the minute(green) degree, currently we are in a correction in wave 4 of the submicro(orange) degree of which if we do not get a double(unlikely) then we should continue lower making Lower-Lows & Lower-Highs repeatedly(about 7 swings) after of which we will see a significant bounce to...
The aussie dollar pair dropped farther this week and it's ready for another drop down to test the bottom of the channel. If the channel fails to hold, we think that we can see farther down side. The coming week should be rather choppy as the market finds direction.
BEAR CASE
One more drop down to test the bottom of the channel at 0.725 is needed before...
Hi Dear
We have reached a strong support level and considering that the load bar is formed on this level and its closing point is on the previous candlestick body, we expect the resistance shown above.
Hammer Pattern in Support Level = 0.75200 - 0.75350
Price : 0.75100 - 0.75350
S/L :0 .75000
T/L : 0.78130
This is a personal analysis and be careful when...
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Thank you and Happy trading.
Taking a look at the Technical s on the 4HR time frame, we have ourselves a clear downtrend occurring with LH's (Lower Highs) and LL's (Lower Lows).
Very respected trend line, & I believe the bottom is not yet in, so enjoy!
Hi everyone. It's KHALID here. I'm seeing potential Bearish continuation for AUDUSD (and all AUD pairs). Price is in a Bearish trend, and retraced just now because of good employment data. As long as the price didn't close above the black line, I'm still favoring a Bearish trade. TAYOR
Market getting ready to change trend for a buy .
RSI signalling oversold area at 40 reading.
RSI reading 20-40 is in oversold area.
Wait for bottom area highlighted to get in on buy and enjoy your profits.
Market often forms a double bottom/top to signal trend reversal so look out for this.
Warning; trading comes with risks, trade safely and within reason....
Chart is an expectation of market setup via harmonics.
* Market in trend change trend for a buy.
* RSI signaling oversold area currently at 38.
* RSI reading 20-40 is in the oversold area.
Considerations on where to collect profit;
* Pattern D breakout can sometimes finish its run at TP1.
* Chose your entry point wisely via indicators, etc.
DISCLAIMER;...
