AUDUSD on the 4h chart after the recent low retraced exactly at the 0.382 Fibonacci level. The market broke the daily bear flag with a current retest of the resistance level. How can we approach this scenario? We would like to see a clear inversion at the confluence area between the weekly resistance and the Fib level. In that case, we will check an entry point...
Hello Guys and Community, Check my intraday key levels and S/R zones. AUD is in consolidation right now, I am waiting for a movement which create a new S/R zones. Be careful at 14 PM Powell will speaks.
Sell below 0.7739. Stop loss at 0.7821. Take profit at 0.7580. Reason for the trading strategy (technically): Price is now right below major resistance at 0.7739 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level to push price down to at least 0.7580 support (Fibonacci retracement, horizontal breakout support...
Buy above 0.7892. Stop loss at 0.7863. Take profit at 0.7943. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling entry and reached our profit target. We prepare to buy above major support at 0.7892 (Fibonacci retracement, horizontal swing low support, Fibonacci extension, ascending support) for a push up to at...
I hold a point:Good charts does not more words to explain! Good luck!
SUMMARY: The primary trend of AUD/USD is bullish on charts and price is trading below the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7626 and support at the level of 0.7565. If it breaks its...
AUD/USD ( HOURLY ) SUMMARY: The short term trend of AUD/USD is bullish on charts and price is trading above 200 DMA and 50 DMA on 4 hourly charts with appearance of golden cross. It is having an important resistance at the level of 0.7260 and support at the level of 0.7110. If it breaks its resistance level on the higherside and sustains above it then we...
AUD/USD ( DAILY ) RECOMMENDATION: BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7242 and support at the...
RECOMMENDATION:BUY SUMMARY: The secondary trend of AUD/USD is bullish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7240 and support at the level of 0.6825. If...
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...
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...