Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! AUD/USD: Daytrade-Preparation Market-Buy: 0.73175 Stop-Loss: 0.73030 Point of Risk-Reduction: 0.73350 Take-Profit: 0.74090 Stop-Loss: 16 pips Risk: 0,5% -1% Risk-Reward: 6,0 LEAVE A LIKE...
AUD/USD is about to rise⁉️ After a breakout of the previous falling wedge and retest AUD/USD just violated the previous high at a key-resistance-zone and could continue the climb. With an increase of volume and more bullish confluence we could see a very strong move to the upside. Keep in mind that we`ll get to see the FOMC-Meeting today! LEAVE A LIKE AND...
Sell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing...
Sell below 0.7700. Stop loss at 0.7790. Take profit at 0.7520. Reason for the trading strategy: We turn bearish below 0.7700 resistance (break of ascending support line, pullback resistance) for a push down to 0.7520 support (Fibonacci retracement, horizontal overlap support). RSI (34) has started to break its support and sees bearish divergence versus price...
Buy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high...