H and S completed wait for pullback and retest neckline
aud usd going to continue the trend after retesting the key structure level look for long confirmation and enter buy with your own money management always remember that patience is the key
Hello everyone Hope you guys had a good week hopefully the markets have been good to everyone which is highly unlikely but hopefully. Here's a look at AUDUSD from the 4H perspective, which saw a breakout of structure the descending channel / bull flag signalling continuation we see a retest of the structure so looking for long entries on the pair targeting...
AUDUSD WILL GO LONG PRICE REJECTING DEMAND AREA
Not too convinced either way just yet will let the market play out for a few hours before any real conviction.
Seeing as though we are seeing pretty crazy AUDUSD strength it wouldn't be a bad idea to be ready for a long trade. IF this Wave E ends up being small then great. Better risk\reward. Entry: 78.201 Stop: 77.612 Target: 89.409 Risk Reward Ratio: 18 See related idea below for full breakdown. Please LIKE and FOLLOW to get notification of updates and future posts.
Strong Resistance Becomes Strong Support! Watch out Friends!
Currently, AUD/USD is trading at 0.7356. The pair is trading at its 2 Months high and can touch its resistance zone soon. As the price has just breached its resistance level at 0.7340 and started a new up trend. The entry price was at 0.7340 and it can again come back to its entry price. Its target price is at 0.7409 and stop loss price is at 0.7300. Follow...
Currently, AUD/USD is trading at 0.7308. The pair was traded in an upward trend for some time and now it is consolidating after rebounding back from resistance zone. The pair might start a new up trend if it breaks the 0.7330 level, but it can also consolidate further before breaking that price level. If the price starts a new up trend, then its target price will...
If prices still plays inside the triangle and is still clinging to the bottom trendline. We will assume it will go up for the coming days. All these are my ideas only. Leave a like if you agree or like my analysis. I would love to hear your thoughts also. Feel free to comment. <3
Here we look at two buy setups for AUD/USD & AUD/JPY We look at Australia's dependence on Iron Ore exports and Iron Ore's strong price correlation with AUD/USD. We look at how the AUD/USD & AUD/JPY strongly follow the S&P500 Stock Market index and why we have some interesting buying opportunities on dips when's stocks initially fall but then rebound. Join my...
This pair is a definitely a Long trade. Looking at the previous time frames with 1 Day and the market is trending up, On June 9th 2020 the market has touched the 0.70374 after a 31st December 2019 and has crossed the resistance level for a 1 Day chart. As it is trending high the market would touch the next resistance point at 0.73726 before the trend reverse....
AUDUSD has been in a decent uptrend of late, so how we as traders can help increase our probability of not only finding a way to enter this kind of market environment but also trading in line with the current trend direction is by waiting for potential bullish signals to form. If these bullish patterns (in the case of an uptrend) occur after a pullback in price,...
AUDUSD is about to retest previous key support at 0.7066, The level has been holding since August 2018 and the pair has finally broken it to the upside, leaving room for more gains. 0.738 is the next key resistance followed by 0.777
If the 0.6805 area is breached, then down to the first support box on the major bullish trendline. From here, another break could result in point D then a reverse back to the upside before another leg down. If support holds on the major trendline up, then a double top near the recent highs may be seen.