Is almost a year now since AudUsd has been trading in a downtrend and in this period, the pair has dropped exactly 1k pips from top to bottom. From December's low of 0.7, Aussie corrected to the upside, but the rise is contained in a rising wedge, giving us an indication that the resumption to the downtrend is probable. The trend line support of this pattern is...
AS you can see from the chart AUDUSDCAD has reached a strong resistance zone or level at the upper line of a descending channel so if the price will manage to break this line to the top and give us a bullish flag we enter long but if it fails and get rejected at this zone we consider a strong sell signal. So in this analysis as for now we anticipate a sell signal...
Simply, SELL on the retest. take profits and enjoy ;)
AUDUSD SHORT IDEA SELL AT 0.76000 TP1 0.75400 (60 PIPS) TP2 0.74500 (150 PIPS) SL 0.76400 (40 PIPS)
After the 0.8 high at the end of February, AudUsd has entered a medium-term downtrend putting LH and LL on our chart. At this point the pair is in a small correction and I expect gains to be very well capped towards 0.77 strong confluence resistance My strategy for this pair is sell rallies with 0.74 zone as a target
Hi there, AUDUSD is changing the trend, as we can see we made a lower high on Monthly timeframe, and completed all 5 waves after we made some corrections in the trend Its now ready for a new trend. Look at smaller timeframes for the entry, Im waiting 0.79 to place sell Target on Monthly timeframe is the mentioned in the chart, we will make new lows. Good Luck
After reaching a low in 0.76 zone, AudUsd started to correct and reached 0.7770 zone resistance. The medium-term trend is down so I favor selling this pair
AU create medium bearish divergence(Price: equal high;; RSI Lower High) with bearish butterfly pattern!
AudUsd has started the year with a correction mood and the pair dropped from 0.78 zone to 0.76 zone support. A recovery followed and Aussie made a new attempt to conquer this resistance. Yesterday we have a bearish engulfing from this zone which could mean that the pair is ready to roll down. Targets for sellers are 0.7650 and 0.7600 and a daily close above...
Like many of you, I was also wondering how long can AudUsd go without a significant correction, but every dip on this pair is constantly bought. From a technical point of view, we have a clear short-term top above 0.78 and after the trend line break, the pair reversed from support and started to rise again. At this point, this rise can be just a confirmation of...
This is AUDUSD 4H timeframe analysis, i'm expecting the market to sell for a retracement then it'll still buy
AudUsd is trading again above 0.73 The recent rise is in a channel, don't having much power, and considering the strong 0.7350-0.7400 resistance for this pair I expect it to drop to at least 0.7150 in the next trading sessions
Since the low of 0.7 zone, just before the election, AudUsd had a good run up reaching 0.7350 zone. Now the pair is consolidating and looks ready for a correction. I'm bearish this pair as long stays under 0.7350 and as target, I search for 0.7150 support
What we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each...
AUDUSD After reaching the year high around 0.74000 from yearly low around 0.56000 which is a 1800 pips rally. At 0.74000 it got some rejection and felled towards 0.70000 level which is a .786 Fibonacci retracement level and September 2020 low. From this point AUDUSD bounced back towards 0.72000 as a short term bullish correction. Currently the AUDUSD was driven...
Fib retest on hourly to -61.8%. Correlates with higher timeframe (4H) fib 61.8%. Then short to targets of 0.69100. (Following weekly bias) 💫