AUDUSD is almost finishing creating head & shoulder pattern which is our third confirmation for a good sell opportunity. We also had an uptrend break , which got retested and now price started to fall. Another confirmation is our fibonacci retracement level created a pullback and we waiting to reach the target at -0.27 level.
AUD/USD Head&Shoulder pattern in 4hr/Daily timeframe AUD economic calendar release CPI MoM & QoQ expected bullish release while in USD interest rate bears will be gathering. Entry at vwap and s/l at high of the candle
buyllish butterfly pattern. tp price may change according to reversal price
AUDUSD has broken below key support turning it into resistance. Since this happens to be a daily head shoulders neckline also this gives me confidence in a further downwards cycle to be shown by AUDUSD .
If we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart. **Education Purposed Only** - Will
Pair: AUDUSD Prediction: Buy / Long
Sell AUDUSD Entry 1 0.69290 Entry 2 0.69480 Sl 0.69630 Tp.1 .69000 Tp.2 .68780 Tp.3 .68420
Price looks like it has formed a falling channel from whose resistance line it has bounced. We can short and capture some few pips.
AUDUSD is at a critical decision making level. It has been a tug of war between the bulls and the bears. This pair might be making a complex corrective Flat pattern that may send the pair further lower or it may be making 1-2, (i)-(ii) wave pattern that would send the pair higher as shown in the chart above. Elliot Wave has rules to validate both opportunities,...
Hey Traders, Here is my current analysis on AUDUSD on the H1 charts. We currently have a bearish flag pattern which is in line with the overall trend. If price can break through this flag I see a further move possibly to .6700 area. Simple technical analysis and breakout strategy.
Hey traders, A continuation of my analysis of AUDUSD so far. Price retraced in the midst of the current down move last week, before reaching resistance currently. Bulls struggled to push price down and it seems like Bears are still in control for the medium term. If we can get a strong bearish close tomorrow, it only further confirms the downtrend. Simple...
Hello traders! This is a Tag&Go setup short, a sell stop order, set and forget style is right on the red line at the price shown in the label. The red circle is the stop and 1st and 2nd targets are in green. Best, Jay
Hey traders, Hope everyone is having a great weekend so far. This week AUDUSD was able to make a strong move up in price. AUDUSD bounced strongly from the minor S/R labeled on my chart with news aiding the push up. Now price has reached an inflection point. The blue trendline. AUDUSD formed a bearish pinbar off the trendline, signalling that sellers are...