FX:AUDUSD Gartley: Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Price as rejected a close below the 618% retracement twice (at daily supportD1)... broke out the bullish structure, rejected one first time at 61.8%, tested previous structure, and rejected again at the 618%...
Great spot to be in guys... SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7152 and support at the level of...
Trying to keep it simple. - Head and shoulder formation forming on 4H chart
WE RECENTLY HAD RISING WEDGE PATTERN (BEARISH) BREAK ON THE DOWNSIDE, CONFIRMING SHORT TRADE. SOME DEMAND ZONES TO KEEP AN EYE ON FOR POSSIBLE RETRACES ON DAY AND SWING TRADING. FINAL TARGET IS .6825
RECOMMENDATION: SELL SUMMARY: The primary trend of AUD/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is had an important resistance at the level of 0.7150 and support at the level of...
I am already short on AUDUSD anticipating a breakout of the structure. Might be risky given the market moves of today. None the less, I dont want to miss this opportunity. Besides I have a tight SL on this. If it works out the R:R of the trade is above 1:6. Win or loose, a very good trade in my books. This is just my opinion and not intended to be a trade call....
FX:AUDUSD As published before, we have a double top, followed by a broken neck, found support @0.68261$, 61.8% retracement, (zone) - This forges a 2618 bearish trade setup; (check link below) We have structure, an ascending wedge, wait the eventual breakout, the correction of that impulse, eventually it will test previous trend line acting as support (resistance...
Sell Limit 0.724 SL. 0.7275 TP. 0.722 0.72 0.718 0.716
So I know there are a lot of people jumping on the bandwagon for AUDUSD Shorts but as you can see that Aussie broke below the daily/4 hourly triangle and is retesting. This is also confluent with important fib levels. As you can also see there is RSI Divergence on the 4 hour chart. This is used additional confluence. I would have stops above 0.7250 and targets...
Trend line support. Overbought territory. Looking for a pullback around 0.7080 Good luck! Entry: 0.7170 SL: 0.72120 TP: 0.7070
-WE HAVE HIT A MAJOR MONTHLY SUPPORT LEVEL HERE -PROVIDING WE HOLD SUPPORT THIS COULD BE THE OUTCOME.. -THIS IS A GREAT RISK TO REWARD TRADE -FOR A REVERSAL OR EVEN JUST A RETRACEMENT 0.618 AREA -STOPS AS SHOWN -THE POSSIBLE "C" AREA IS A KEY LEVEL OF RESISTANCE SO WE EITHER BUMP OUT HEADS ON IT THEN INTO SHORT TRADE OR BREAK THROUGH. -IF WE HIT RES AND TURN...
FX:AUDUSD Sell the breakout after correction; Buy the "cypher"; CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com :)
After mixed data from China this morning and Oil looking like a further drop is on the cards I would expect the Aussie the pare all its gains from last week which was mainly due to the recovery in Oil. We do have the RBA rate statment out tomorrow morning so I will be looking to lock in any profit with a break even stop loss before the rate staement is released....
We had a recent symmetrical triangle that lasted four months time. This past week we saw many pairs begin their pullbacks and with the AUDUSD pair we have a lot of confluence supporting a trend continuation.