EURAUD has reached a strong structure resistance .
based on the rejection and rsi divergence the chances that the pair will drop are quite high.
I am waiting for a bearish breakout of minor support on 1H as a trigger to short the pair.
Initial target - 1.63
Second target - 1.622
don't forget to like the idea! thank you :)
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.665.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6605.
TP4: S2=0.6585.
Set the stoploss of these orders at breakout of R2=0.6665.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0436). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6557). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
hey traders,
AUDUSD is very very very oversold.
I have caught a couple of losers on this pair, trying to catch a retracement.
however, the market turned to be overwhelmingly bearish and multiple levels of structure were just neglected!
this Friday the pair is entering the next strong area of support.
analyzing the...
Rising channel breakthrough, exhaustion back to the top of channel and resistance maybe a manipulation spike before entering and then looking for the correct candle stick confirmation before entering a long position.
hey traders,
I am paying close attention to AUDUSD pair.
On a daily we have a nice match between projected harmonic leg and structure support on the left.
+ the market has recently formed a dodji formation so I think that we have a high chance to see a pullback from 0.685 level.
for confirmation, I will be waiting for...
hey traders,
AUDUSD is coming closer to a strong resistance area .
bulls are pushing the market within boundaries of a rising wedge pattern.
if you want to conservatively trade this setup, the best strategy that you can stick with
is to
1. Let the market reach the underlined area
2. Wait and sell bearish breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.686.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6895.
TP4: R2=0.691.
Set the stoploss of these orders at breakout of S2=0.685.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6712). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
hey guys,
EURAUD is coming closer and closer to a major support line on a daily.
1.605 - 1.61 is a decent zone to consider for a buying opportunity.
Look for a reversal formation within the underlined area and buy the market
expecting bullish continuation to an upper boundary of a channel on 4H
and to higher structure levels.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6835.
TP4: R2=0.6855.
Set the stoploss of these orders at breakout of S2=0.679.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
This week AUDUSD has broken below a key structure support level.
The breakout is considered to be confirmed and I expect bearish continuation next week.
Target levels are all in 20 pip range :
0.674
0.672
0.670
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9020). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
hey traders,
it is an educational post on AUDUSD.
I was asked a lot during this morning about AUDUSD future market direction for this week.
for now, it is quite complicated to say exactly.
from a bullish perspective, the pair has just reached 0.68 key structure support level.
and after a strong selling reaction from...
