AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
FX:AUDUSD Trade the breakouts, wait for corrections; Safe Trades;
Targeting the 0.7700 zone if we get a break and close above 0.7500
Pivot: 0.7370 Most Likely Scenario: long positions above 0.7370 with targets @ 0.7475 & 0.7505 in extension. Alternative scenario: below 0.7370 look for further downside with 0.7345 & 0.7330 as targets. Comment: the RSI is bullish and calls for further upside.
very likely the there will be a uptrend to complete the ab=cd pattern the correction seem to be over and uptrend will continue to D.
Pivot: 0.7355 Most Likely Scenario: long positions above 0.7355 with targets @ 0.7425 & 0.7445 in extension. Alternative scenario: below 0.7355 look for further downside with 0.7335 & 0.7305 as targets. Comment: the RSI shows upside momentum.
Pivot: 0.7380 Most Likely Scenario: long positions above 0.7380 with targets @ 0.7445 & 0.7475 in extension. Alternative scenario: below 0.7380 look for further downside with 0.7355 & 0.7330 as targets. Comment: the RSI is mixed and calls for caution!.
Looking on the hourly chart, we see an area of interest around the 73 even handle. It sure will be interesting to see how price behaves around this level after the market opens on Sunday night. If price continues it's march downward, a double bottom with some RSI divergence would lend quite a strong signal that it is now time to get long. A number of different...
AUDUSD 4 HR chart EW count Close to complete wave 3
Buy FX:AUDUSD Back Side of the Trend Line Kings Crown Formation/ Possible Reversal Previous Resistance becomes current support Price Retraced from .618 Pivot Point Price Broke above consolidation and previous resistance Right now retesting the break IF SUPPORT (GREEN BOX), AND THERE IS BULLISH CANDLE STICK FORMATION AND PRICE MOVES ABOVE COUNTER TRENDLINE (...
3 Trenline Support & MACD Histogram Buy Signal
We are currently long this Cypher formation at structure support from last week, thought i would post it if anyone else would be interested in this setup. Kind Regards Thomas Jeff
Double Bottom; MACD Bullish Divergence; RSI Support & Bullish Divergence