Did you work with "Bullish" falling wedge? R/R Ratio : 1.7
AUDUSD shows a nice buy setup on the daily time frame. As you can see the range is narrowing from 2 perspectives. Its also reaching a support level. All this together can lead to AudUsd bouncing back up. Open: between 0,7535-0,7570 Stop: 0,7490 TP: 0.7640 TP 2: 0.7710
AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72 Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is...
Hi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up...
A perfect bullish bat for 100 PIPS ... Let's Watch !!
AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales...
FX:AUDUSD Awaiting Correctional Wave ABC Potential correction on Elliott Wave Rules for Elliot Wave Wave 3 can never be the shortest impulse wave Wave 2 can never go beyond the start of Wave 1 Wave 4 can never cross in the same price area as Wave 1 Support Level: 0.7750 Stop Loss: 0.7740 Target: 0.7928 Risk to Reward: 1:5
Uptrend in sub wave "C" will continue. All the best Traders.
Aud/Usd - H4 - Price broke out of consolidation with strong bullish momentum so now I am expecting a classic break/retest/continuation scenario with other price action tools as confirmation.
Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow...
AUDUSD BUY LONG entry ,stoploss,takeprofit all well illiustrated in the chart.
Go long for AUDUSD! keep it simple :)
Hey guys, Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags,...
This is a trade more in the short term category, and so I would suggest to risk half what you usually risk. So that way you still get into the position and make some profits if it goes as expected, if not, you lose half what you usually lose. This is only a signal/idea. Always make your own analysis and money manage properly. Happy trading!
Price has started to bounce up really nicely. We remain bullish above 0.7441 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 5.1% where stochastic is...
Bullish reversal pattern on daily S&R for a .618 retracement. Long position. for a retracement , then a continuation of downtrend.
Unfilled buy orders in this demand zone.
I like a nice move up from support level. also a nice bearish bat setup. Lets see it hit TP.