Expect for price breakout. Buy above : 0.71420 Sell below : 0.71080
Expect for Price Breakout. Buy above : 0.70870 Sell below : 0.70700
FX:AUDUSD BULLISH SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe trades; open.spotify.com
Hope for a price breakout . Buy above : 0.70529 Sell below : 0.70319
Trade Balance report for AUDUSD was higher than expected which leads to a bullish spike on this pair. We have entered a long trade on the basis of simple structure formation.
FX:AUDUSD BEARISH GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: (EVENTUAL SELL OPTION) 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD BULLISH CRAB Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: (EVENTUAL BUY OPTION) 161% ext XA 224% to 316% ext AB Targets: TP1 61.8% CD TP2 127% CD Check...
Looking at the monthly chart for the aussie, there is a bullish trend line that the market has bounced off of historically. Also the current price is resting on the 38.2% fibo. A bounce would not only be off the fibo but also off the bull trend and looking at the chart, when the aussie bounces it bounces hard.
Here we got the infamous Bat pattern that gives us that good R:R we loves so much to get the week started. The setup appeared after we got a good cluster of double / triple bottoms to make a "floor" or a support area where we can put our stop behind to give os some protection. Bear in mind this is a very counter trend trade, but its also a high reward one! On...
IF=THEN IF the price goes above point A, creating new higher-high (and forging a point C somewhere inside red box), It can be the development of a cypher pattern, THEN, if the price respect that pattern, IF it fall, creating point D, thereby increasing the likelihood of a subsequent upward movement with a nice risk/reward situation. (ENTER LONG) SL should stay...
AUDUSD is LONG in DOWNTREND TRADEIDEA365 from JAPAN
Despite having NFP I have seeing AUDUSD long to 0.7420
Notes on chart; Check previous post, link below; Safe Trades; open.spotify.com
Previous resistance is now support around 0.73 to 0.725 is about to be reached. 1H chart shows it over-sold and may bounce off the 200SMA, on the 4H chart it show it is nearing a bounce off the 50SMA.