Friday saw AUD/NZD bounce off a well-defined support/resistance area but doubts remain whether this pair is headed higher or lower.
The Daily and H4 TDI levels suggest we're going lower but H4 is moderately BULLISH.
If the support level at 1.0761 holds then look to go LONG.
If this level breaks then SELL this pair down to 1.0560 area.
The stiff resistance at .7732 area remains intact and whilst we remain under this level we should be looking to SHORT this pair. However from these levels (.7500) with RSI over sold and solid support beneath, AUD may attempt to recover.
This looks quite an easy trade so if .7490 remains in tact and we see price move north we can look to BUY this pair from current...
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i...
AUDUSD long scalp
Daily momentum up
1H momentum up
Strong Resistance level break + pullback test (support now)
Daily pivot point rejection
Pin bar + closing above high momentum advance
50% Fib Retracement
A Good buy trade if price break above @ 0.75800 with T.P.1 @ 0.76750 and T.P.2 @ 0.77250 with S.L. @ 0.75270
A Good sell trade if price break below @ 0.75200 with T.P. @ 0.74500 and T.P.2 @ 0.72810 with S.L. @ 0.75870
Here are other risk events
Tuesday, Jan 24, 11:00pm PH time USA Existing Home Sales
Wednesday, Jan 25, 8:30am PH time AUD Consumer...
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.