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Need a breakout of DAILY KEYLEVEL & possible retest from the other side (0.7202) before placing SELL trade.
Continuation of bearish pressure from the top of the consolidation range straight through the bottom support region. Again here, we’d expect some form of retracement at least to 0.7320 to retest the broken range before heading lower to 0.7200 on the way to that weekly support region. I did like the prospect of a test of the downtrend before heading lower which is ...
Broken key support level of 0.73, news of extra tariffs on China, could see a retest of 0.73 wait for a pullback to there before adding short positions.
DXY rising too, could see lows of 0.69 soon
Entry level - 0.73
TP1 - 0.71
TP2 - 0.69
SL - 0.735
On the Daily timeframe price approached the neckline and top of the consolidation range yesterday and pulled back to around 50% of it’s movement, this suggests sensitivity around this region. We look to today’s close as well as tomorrow’s to confirm this as a lower high. However, price remains above the moving averages which it’s using as support and is currently ...
On the weekly timeframe, we've seen 5 downside wicks as orders have been filled at the 0.7350 support region. This week forms the 6th rejection of this and price already appears to be pulling back from here. Overall we have a weekly downtrend which lines up the downside Fibonacci retracement region with 0.7500.
Price moved largely bullish yesterday breaking back ...
A trading opportunity to sell in EURAUD
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm.
The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains.
A trough is formed in the daily chart at 1.5425 on ...
After creating a new low just below daily resistance price was whipped back up suggesting manipulation and has rallied; breaking back above the moving average, retesting them as support and continuing to break through our downtrend in line with the moving average crossover to the upside.This suggests that price is definitely going higher to test highs around ...
OBSERVATION: Price broke past the bearish resistance line. The resistance line which happens to with a strong support zone at around 1.08400, which is currently being retested for a second time after the breakout. If this zone is respected, I will look for a candle formation in order to go long, targeting 1.08990 then 1.09400. A break ...
Aussie dollar - Buy setup with targets at 0.7650 and then short from 0.7650 down to 0.7350
AUDUSD appears to be close to finishing another 3 wave structure labelled as C-D.
It has made a short term correction following from an impulse.
It also seems to have broken out of the short term correction trendline and began its move downwards.
I expect the impulse to end at point D and begin another 3 wave pattern upwards completing at E.
Once D has completed I ...
Price is forming an XABCD Pattern in the right Fibonacci ratio's so far. Price is currently sitting at a strong resistance currently, so could take it for a sell right down to the target buy area.
Place stop loss just above point A.
Take profits at the various support levels throughout.
Last time I called this it moved ¬800 pips.
Nice clean break of counter trends.
Clean test off the fib
ABCD Pattern forming
Good risk to reward.
thank me later.
Triggered into my FOREXCOM:AUDNZD short.
Shorts if TL breached
AUDUSD breaking the high of Sept 2017, looking for a continuation supporting the Bullish run
Lets see how this goes.
AudUsd - Daily time frame. I see a pullback on dollar index so I am expecting USD strength and this pair to drop another swing down.
After closing last week at our previous target around a strong resistance area, AUDUSD is expected to reverse into a bullish trend until Thursday.