nb: * please do not use it as a basis for opening a trade, Thank you ** My analysis may be wrong, because I am not yet professional but amateurs and still need a lot of learning.
AUDUSD has already broken 2 intermediate trend lines and is bound to drop the the monthly trend line. A weekly bearish candle close below 0.74045 would warrant a good sell towards the 0.71531 area.
Aussie was in an uptrend for a while, since last month its struggling to make a new high, price fell of the trend line and found support at monthly support 0.7750 level. Price then went up a bit but failed to go beyond 0.7875 level, this level has been test 3 times now but haven't been broken. Last friday price test level again and got rejected closed as bearish...
Classic Rounding Bottom Pattern. EMAs indicate continuation of this bullish trend
AUDUSD BUY LONG entry ,stoploss,takeprofit all well illiustrated in the chart.
Sell below 0.7550. Stop loss at 0.7620. Take profit at 0.7370. Reason for the trading strategy: Price is now reacting off major resistance at 0.7550 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a drop to at least 0.7370 support (Fibonacci extension, horizontal swing low...
Sell below 0.7548. Stop loss at 0.7573. Take profit at 0.7472. Reason for the trading strategy (technically): Price is now reacting off major resistance at 0.7548 (horizontal swing high resistance, Fibonacci extension) and we expect a strong drop from this level to at least 0.7472 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
AUD/USD Short Sell at: 0.77090 TP1: 0.75878 TP2: 0.74940
Sell at 0.7684 and if go above then also sell from that level and first tp is 0.7600 to 0.7520
And here is one more wavers way to look at current AUDUSD ( maybe some strict elliotwavers should have some questions ) I suppose, that many "advanced pattern wavers" will try to short "Gartley level .786" so why not try to catch with them C wave from the top ? I'll personally try with very tight stop loss ( around 0.7606 ) it is a risky trade but we are...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
i would like to show multi scenerios on aud usd daily chart.
Hello Everyone. AUDUSD is now following the pattern but as you all knows that We cant take any action until the pattern completes. So we really need to wait until it will come to the blue zone to buy thanks
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