Following the break of a major support level, we can expect a pull back to this region and for it to act as resistance. Waiting for the right price action signals at this level in order to take any short position.
This pair has been on my radar for a while and I have also been in this trade with 2 positions from where my predictions starts. It is a slow Monday ATM for this chart but i am expecting a breakout of this pair to the downside as price broke resistance but has now falling back into place. This price action has taking longer than expected but still in...
Audusd is printing double confirmation below the Weekly Structure 0.7627, we have seen a bearish action from lower time frame. A slide below 0.7587 will open up the next structure 0.7517.
Trade with Care.
AUDUSD is in a short-term bullish trend , where highs and lows are set on higher levels. As we can see on H4 chart below, yesterday trend line and horizontal support around 0.7628 was broken. Today, both the trend line and broken support are tested as new resistance.
Currently we can not yet talk about change of trend, such change in short-term trend will only...
As a result of overnight falls AUDUSD broke bottom of local consolidation. It is also worth noting that already earlier the market hit the bottom of the growth channel, which could change the general attitude of the market. Therefore, in near future we expect declines to continue. However, scenario of an earlier re-test and rejection of today’s support (now...
Looking for the recently formed bearish momentum to continue. A rapid increase in the market usually followed by either wide sideways movement or rapid decrease of the price level.
In this case, we might be seeing a wide sideways movement considering that the price is moving in a triangle pattern from a bigger time frame (W1).
i've been waiting for this setup to complete for two weeks now, and finally price has reached the level that i was waiting for, and in addition to that, it also gave us some nice shorting signal.
First, the yellow box represents a daily level of structure, this is a key factor in my strategy and it allows me to find reversal trades in smaller timeframes...
As we can see a bullish engulfing candle stick on the daily chart that has bounced off the 20 MA and following the long term down trend.
Hoping for this to go back to the 0.73200 support level let me know what you think
After hitting a significantly strong resistance it has come down to support level one and broken it. We aim to hit support level two in a couple of days!
Make sure your risk management is in check!
Very good opportunity!
I have now entered a short position on the AUD/USD pair
- Confirmed downtrend with consistent lower highs and lower lows
- Rejection of fib 0.618 on 4hr TF
- 4h Doji candlestick rejection of fib
- 3 pin rejection pattern