This is a key position. Shorting this means that one is willing to take a controlled affordable loss above the amber ATR line (there is no formula to work that out).
This is a trend following set up - so there are no targets.
The Australian Dollar inched lower on Friday, but still managed to close higher for the week. The Aussie continued to be supported by the Reserve Bank’s (RBA) optimistic outlook for the economy, but gains were likely capped by the strong U.S. economy and uncertainty over the economic impact of the coronavirus on China’s economy, Australia’s largest trading...
GA forming a descending wedge pattern.
Price now consolidating at the upper trendline in line with the 1.92 psychological level.
I am hoping price will reject here to break through the current trading range, in which it may give way to a 300 pip drop to the lower ascending trendline.
Amazing R:R on this trade!
With sentiments turned bullish on H4, AUDUSD is set for another uptrend. Expecting the pair to revert to its mean (profit taken) before starting the rally
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Back with another trade… This time it’s on the Aussie Dollar vs The United States Dollar. We have been eyeing this pair up for a while and have been waiting for the uptrend to be confirmed in our eyes. According to our trading plan, we can only place a long trade once the price moves above the last major resistance and is held. A few breakouts have been seen (and...
First of all - waiting for a daily close is essential on this trade.
If price closes up as a bearish pin bar on the daily, we are in for a smooth ride towards 70.750.
Trade safe, manage risk, good luck.
Hi Traders, here is my analysis for AUDCAD sells. Every night at 10pm (UK Time) I check the daily closes before analysing true direction. Price action to me screams a sell off to my strategy... Here is my analysis on a lower timeframe, and my risk to reward ratio on it.
Hi Traders, here is my set up for AUDUSD pullback short! I marked out the market structure break before it happened, but forgot to publish it.. now we have this on the lower timeframes, this looks like it could be good to go! What do you think?
daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance.
Waiting on price to retest resistance for confirmation that...