As the price is slowly leaving the blue 'fork' which kept us in an uptrend, I am looking for the selling opportunities which are coming with the red 'fork' (well respected). Anway the price behaviour is also still respecting the rising one, we should consider selling around the blue parallels as a very aggressive. More enters based on your analysis and lower...
Yearly pivot of .95 seems to hold for now. The Aussie can test .9315 soon
Aussie came under the pressuer yesterday after the civil jet plane was shoot down at the Ukraine teritory, the bigger fundamental picture shows that RBA might not be comfortable with the current exchange rate and we might see more verbal interventions towards lowering their domestic currency strenght. On the other hand there is an hude chance that Dolar will get...
AUDUSD has been in a range since mid-March, but has been in an uptrend since the start of the year. Now, the pair is at the bottom of the range, sitting just above the 50 SMA. This same trade worked out well for me several weeks prior, and the technical logic is still applicable, so I thought I'd try again. I'm entering at 9331, with my stop at 9302 and my target...
I've put some orders in to go long AUD over the past couple trading sessions, but those orders didn't get filled; the market ran off without me. I do think there may still be an opportunity on AUDJPY, though. If price can pullback about 25 pips (at the time of this writing) from 95.60 to 95.35, it will fall back to a key support level. I have an entry placed...
Technically we have seen volatility contract and a tight range form on many AUD currencies. I've already got an order to go long AUDUSD based on a very similar technical setup to what we're currently seeing on AUDCHF, so I added an order on this pair also. My stop is at 8306, my entry is setup for 8356, and my target profit is 8506. www.informedtrades.com
This is the exact same trade I put on several weeks ago, which benefited from the RBA decision to keep rates the same and the Fed's more dovish comments. That allowed its profit target to be hit relatively quickly, though recent comments from Glenn Stevens of the RBA caused price to fall right back to support. As such, I'm putting on the same trade again....
Glenn Stevens of the Reserve Bank of Australia made some comments favoring a weaker Australian dollar that presumably contributed to a decline in AUDUSD. Of course, central banks talking down their own currencies in the wake of the 2008 financial crisis is nothing new. And while it may have created a noticeable short-term effect, I think it will hardly be...
my AU Daily Supply and Demand Zones set-ups. This is more of a long term out look for the AU. Over time some new zones may form or current zones may become invalid but this gives a good idea on where to look for price to react.
Kiss OF Death Trade......SELL here.....Great RR..
Buy on any pull back to a logical level as this is one of the easiest trade to take, now that shorts have been trapped.
Two trades could play out here. The shark pattern (blue) being the most probable because of the strong previous structure of support now turned resistance between price $1.0178 at 1.13 fib extension and $1.1854 at .886 retracement. The kill zone would be between those two price levels. Price also recently formed a bat pattern (purple). We might see a pull back...
A consolidation before further up moves to 0.94.
Currently looking at the small reaction price had on the supply level, but considering the strong bullish movement, I would expect price to go higher and have a better reaction at the next supply level.
Currently waiting for a possible bounce at the supply level, but considering the strong bullish move, I might expect a reaction on the next supply level. Good luck to everyone ang good trading!
A/U 4HR Supply Zone Trading - Short. TriggerLine @ .9395 with T/P @ .9335 and S/L @ .9450