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
here comes a structure trade: as you can see the last downward impulse has broken the previous support, this specific level becomes the first candidate to become new resistance (this it the key principle for structure traders). At this level happen to be also some confluences like a 618 retracement, a psychological number (1,46) and the divergence down...
Among my 4 trade setup starting last week, only AUDUSD was triggered. The rest was not triggered which means, we did not lose any of them as well.
Trade setup last week shows a
94 pips gain out of 108 pips target and the remaining 14 pips will probably be hit anytime...
Friday saw AUD/NZD bounce off a well-defined support/resistance area but doubts remain whether this pair is headed higher or lower.
The Daily and H4 TDI levels suggest we're going lower but H4 is moderately BULLISH.
If the support level at 1.0761 holds then look to go LONG.
If this level breaks then SELL this pair down to 1.0560 area.
The stiff resistance at .7732 area remains intact and whilst we remain under this level we should be looking to SHORT this pair. However from these levels (.7500) with RSI over sold and solid support beneath, AUD may attempt to recover.
This looks quite an easy trade so if .7490 remains in tact and we see price move north we can look to BUY this pair from current...
On a weekly time frame, the market has been in sideways and just recently the resistance zone at 0.7720 - 0.7770 retested.
On a daily time frame, a strong resistance zone at 0.7720 upto 0.7770 as everytime the market hits that level, the market retreats towards 0.7500 zone. By observing the price action, the way the market climbs towards the 0.7720 - 0.7770 level...