The AUDUSD fell from the 0.6480 level following the RBA's decision to hike rates by 25bps on Tuesday.
The retracement failed to break above the 38.2% Fibonacci retracement level, forming a head and shoulders pattern on the AUDUSD.
Anticipating recovery in strength on the DXY, look for the AUDUSD to break below the neckline at 0.6415 to signal further downside,...
Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
I found a great sell opportunity for FX:AUDUSD . Entering at prices as mentioned on the charts. Risking 1% for 10% profit. Keep in mind, when invested amount is made, I will book some profits and let the rest run. Good luck!
Traders, if you liked this idea or if you have your own opinion...
AUDUSD broke below 0.7134 and hit 0.6987 target.
As I said in previous outlook, "Break below 0.7134 potentially target 0.7086 & 0.6987."
AUDUSD hit low at 0.6829. Now, AUDUSD rebound and regain 0.6987.
There is stiil possibility for a move toward 0.7086,
Next resistance at 0.7134, 0.7165 & 0.7266 (former support).
Break above 0.7458 would open the way to...
If you are looking for short-term entry, this may be your chance.
Personally, I would prefer to go Long at Wave 2 rather than Short at minor Wave.
But, both option would generate good profit.
Good Luck
Although Australia’s unemployment rate unexpectedly dropped in July to a 12-year low, the drop was largely due to people falling out of the labor force as coronavirus lockdowns limited their ability to look for work.The Australian Bureau of Statistics (ABS) emphasized the data should not be viewed as a sign of strength in the labor market noting the number of...
if price gets to our key level well be looking to add buys to this pair and continue this bullish trend
thanks for your time , if you like my stuff give us a like and follow
and huge gain
we have booked.
China economy 80% back
to recovery and Aussie export largely depends on Chinese sector.
WE HAD REACHED OUR TP-1 & TP-2
Next week can cross 0.65 to 0.67
WE APPRECIATE UR LIKE AND COMMENTS
As suggested all week, the upper bound ceiling for this mid-range price zone for AUD/USD has played perfectly.
Those who took this trade should consider moving stop loss to break-even.
Momentum looks to be slowing on AUDUSD with price trying to roll over at this level.
1hr timeframe made a nice lower high and resistance at 0.68850 has held strong again. Multiple daily wick rejection candles formed last week.
If this bottom TL breaks then new lower lows will be made.
Posted a butterfly pattern for AUDUSD last week and about to hit TP2, do refer to the link of related ideas below.
If it does, another butterfly pattern will then transpire.
PRZ area at 0.79839 to 0.79878.
Good R:R at 1.9 (TP1) and 3.2 (TP2).
I will update if pattern completes.
Clearly in a downtrend price is moving into a valid slope which is represented by the downsloping modified schiff. A rejection at the upper paralell signals that price finds good resistance and most likey is going to continue dropping. In case it retests the upper parallel i am going short with sl and tp as shown at the chart.
