AUDUSD has been travelling in a horizontal channel for quite some time now. we recently saw price plummet to the bottom of the channel, however we have now seen price climb up and also break a descending trendline to the upside, our final target for this long trade is the top of the channel as shown on the chart above.
enjoy your profits on this trade !!!!
AUDUSD has been travelling in a slight ascending channel, shown more on this idea
Price broke out of the channel to the downside, we have literally just seen a retracement back up to retest the channel and now we could make some moves down...
AUDUSD Price has been travelling in a triangle as shown above, however we have just seen a breakout to the downside. Price has already made its way back up to retest the triangle and now we are expecting some short opportunites.
Price has also been travelling in a horizontal channel and price ATM is in the rather large support zone of this channel,...
Aussie has been moving like this for a while now, bouncing between 0.7440 and 0.7360 without showing any clear breakout yet. I managed to catch a short swing trade today on the 4 hourly chart but looking for some better opportunities once this range breaks.
AUD is the weakest against the USD but I am expecting the AUD to rise from here.
My SL is 60 pips and my initial target is 180 pips though if we get to 0.7310 I will watch more closely to see if there is a reversal.