We are expecting a retest of our support area ( green box ) before price moves bullish.
USD has shown some good strength today, this is why we can see price pushing lower before the bulls take over and push price higher.
Trading is bulls#it, it is so simple but there are so many people or so called gurus that try to complicate it just to make you buy there...
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 !!!!
The Australian Dollar depreciated by about 40 base points against the US Dollar on Friday. The currency pair breached the 200-hour simple moving average at 0.7091 during Friday’s trading session.
Today’s session began with an upside sentiment, and by the middle of the trading hours, the exchange rate has breached a counter trendline.
Given that a counter...
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 has my interest. Looking at the bigger picture, we still remain bearish, creating lower lows and lower highs. What interests me is we are now trapped within a falling wedge, which in my opinion is a bullish market pattern which tends to result in a breakout above, we also have huge support below within the grey boxed area.
Therefore I will be watching...
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,...
Price is respecting a lovely trend line TL, and price isn't far away from key support but with the current weakness with AUD we are expecting price to push its way through this strong support and although the USD isn't that strong at the moment we feel it is still too strong for AUD.
So if we get a break of support then SHORT the hell out of it as it could drop a...
AUD USD, Thanks to Trump, for giving a great opportunity for a long.
A retest of the Trend line
Retest of 0.71550
61.8% FIB aligned with 0.71550 and the trend line. Increase the success probability of the set up
I hope this trade help you guys.
All of the best
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.
A quick potential long position could happen before we expect a retracement back to the downside. Some build up of order at around the the 0.7400 area. Or even wait for price to move up and catch the movement for the downturn.
Aud/Usd - Daily chart - I see a strong demand zone below current price for aussie dollar and I've taken a buy trade around 0.77 with stops below 0.7650 and targets of 150-200 pips. This correlates well with dollar weakness and other major fx pairs in buy levels.
From 13/01/2016, between each two major swing lows, there have been following intervals
1. 93 bars
2. 153 bars
3. 97 bars
The fifth circle has already started with the first swing low on 08/12/2017.
Assuming the above is replicating, the next swing low will be between 18/04/2(93 bars) and 22/04/2018 (97 bars) and a possible swing High around...