Well we just need to wait the neckline broke. After that wait for confirmation.
Expecting bullish movement to continue after we are done with the pullback.
Price moved bullish strongly and broke the resistance at the .71492 zone. Price then moved to another significant point in the market where it found resistance where price started to pullback. I see price retracing back to .71642 before potentially moving bullish again to .73536. If you want to take this trade, wait for a full bullish reversal candlestick...
In case of breaking the Triangle, the targets are stated. Don't miss the risk analysis.
Hi everyone! Just wanted to share this idea and the technical analysis with you. Looks like the price is following the weekly dynamic (moving) support level and recently we have witnessed another bounce from that support level. My expectations regarding this pair are the same as before. I still want and hope it to reach 0.77783. Green lines display my vision of...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
Food For Thought!
AUDUSD is currently in a downtrend hitting a support level. Here we believe price is probable to reverse back up towards the Minor Resistance level before continuing along it's bearish path towards S2. Another very interesting pattern we have noticed is a MASSIVE "M" formation if you scroll out of the chart (Pink dotted line). If the M pattern plays out,...
AUDUSD has gone to plan, creating an M top formation before reversing and breaking both S1 and it's narrow uptrend channel, as discussed in our previous analyses. We have now taken profit on our short, but believe the bears are not finished yet. We expect price to possibly rebound in the near-term towards the minor support level, before falling to test the 200 MA...
AUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable. Price is at a major reversal zone, and we expect heavy resistance to hit soon. We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.
We hope that our analysis can help you in your trading. This is an update for AUD/USD, it is predicting for PRICE BREAKOUT. It would be a great idea to BUY on 0.74887 and place your TARGET at 0.75087
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