This is pretty much identical to AUD/CAD. It has retraced to support and is now holding in this area, if this can continue to stay above support and MACD and EMA's remain bullish then this can be longed to the TP of 0.80662.
TP level and above is a big resistance level
This has hit take profit on my previous posts for this pair. Now looking for a move that will give another chance the re-enter a long. Either this will continue to rise through resistance and then when it retraces and tests that level as support a long can be entered. Or it will retrace from the current price and offer a lower level to enter, although this is...
Since my last update on this pair it has broken out as I expected. It is now retracing to the neckline marked with the blue line, this would be another chance to long if you are not already longing this pair. My target on this is 0.80548 although if you are looking for a more short term trade then the previous top of 0.78203 is also a good TP to aim for.
This seems to have held at support and is now looking safe to go long on. EMA's are about to cross, MACD is still below 0 but looks like a strong upward movement is happening to take it back above. You could wait for a couple more candles to close for confirmation of this if cautious. TP is set at 0.80548 although there are higher peaks at this level. SL just...
This is still holding up around the support level. Its still looking quite bearish to me so it could break lower to the next support which aligns with 0.5 Fibonacci. If this happens anywhere between 0.382 and 0.5 FIb could be a good buy area but we would still need to wait for confirmation in the form of a rejection.
If the current support continues to hold then...
This is testing a support level, if it holds then a long can be taken to the next resistance around 0.80600. The environment is still very bearish as can be seen on the MACD but if the support continues to hold and it turns more bullish on MACD and EMA's then a long can be entered. SL just below to the lowest point of support and TP at 0.80600. Must wait for confirmation.
This has retraced to the support level, I would wait for this to drop a touch more to the bottom of the current wick at 0.76692 before considering entering a long position. SL below the low of the support area and TP at the previous high. As previously stated I do expect this to continue rising in the longer term also.
AUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone.
We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there.
However, if we do manage to stay below...
- Dump down to lower supply zone
- Expected rejection at supply zone and pump upwards (multiple previous touches)
- Order set at top of supply zone
- Stop loss set just below supply zone for breathing room
- Target set to demand zone (previous consolidation before the last dump)
- Would also be looking to take out a lot of retailers stop losses at 0.70759
We can see previously when price broke this level it dropped significantly to the highlighted level of support, I expect the same thing to occur
I see multiple points of divergence and price had dropped previously only to retest the area
I see a flag formation formed as well so once thats broken... BOOM big sell
Getting in this later with the following...
Price is currently testing a strong level of support, once broken its a sell to the green area
Price will ALWAYS retrace so dont expect a profit straight away but the fall will be lovely
We have seen a massive upside move on this pair and the momentum is yet to be over but we are seeing some sign of exhaustions and hence there is a possibility of retractement to the previous support level before making another push up.
On the 4h chart we can see a nice bearish candle printed. I have gone short on this and marked tp and sl for you as well.
Let me...
On 4 hour chart; #AUDUSD reached a strong resistance line, SAR and T3 curve became negative, and the rising trend of RSI is broken so the price is likely to fall..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Shorts upon a tail rejection candle stick of the box region shown, be careful with this pair as price may wick u [p to the 0.67 region which we must be mindful off.
360 PIP GAIN RR 5.5/1
