On the weekly a beautiful Gartley is setting up for potential high movement entry for pattern traders Trade still progressing at the C-Leg and might take awhile to move to D-Leg or it can invalidate. Long Entry @ 0.69570 I will keep you updated. This is just my professional opinion. Use this information at own risk. Adjust Stops and Targets to your own risk...
AUDUSD is finding support at the 200 EMA on the 4hr chart. Reasons for going long: - 200 EMA Support - Trendline Support We will need to wait for the current 4hr candle to close & ensure there is bullish price action. Stop - Below recent swing low: 0.7575 Profit Target (1:3) - Look for a 1:3 Risk: Reward: aim around 0.7675 For more insights go to: fxcoach.tv
Last week we seen indecision around our resistance area in the form of bearish pin/tailed bars. We are currently bearish under the highs that have formed. This pair was sold on the basis of 1. Reaching the top of a channel that formed at the beginning of 2015 (Daily) 2. Bearish Price Action 3. The break of a Rising Wedge (4h) We could potentially see this pair...
I setup my support area on a hourly chart. As the price reach the support area I noticed thanks to the RSI that the currency was oversold. On top of that I saw a nice bullish butterfly forming. I went long at 0.76332, set my S/L just below my support area and my T/P just above the pivot point. I'll take another look at what the price is doing in a few hours and...
Seems to break trend line. Now in a downward trend. Good R/R Ratio.
Hope this clear. You can ask if the analysis is not clear.
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Comments from Reserve Bank of Australia (RBA) governor Stevens offered no dovish surprises. AUD/USD remains on the front foot, attempts to retake the 0.77 handle, intraday bias higher. Supports are seen at 0.7652 (5-DMA), 0.7621 (Aug 9 low) and 0.7608 (10-DMA). Resistance is located at 0.7719 (May 3 high), 0.7774 (Apr 22 high) and 0.78. Good to buy dips around...
Sell AUD/USD with good relation of Risk Reward
FX:AUDUSD In light of recent DXY strength off a major trend line, An AUDUSD play is an important setup as the DXY approaches 100. - Deceleration on the Stochastic RSI over the past 3 months - Stoch RSI indicating oversold (Converging) - Retesting a 4 year downward sloping trend line. -Forming the Right shoulder to the head & shoulder pattern. -Retesting the...
H4 VIEW OF A TRIPLE TOP FORMATION AT 0.7650, PRICE HASTRIED TO BREAK PRICE MULTIPLE TIMES BUT BEARS KEEP ON PUSHING BACK,, STOP LOSSES JUST ABOVE THE DAILY FIB LINE 0.78 . WILL BE WATCHING FOR A PULL BACK DURING TONIGHTS ASIAN SESSION AS IT HUGS THE TRENDLINE IT HAS BROKEN.. TP ABOVE 0.7420
these are our 3 possible "short zones"... at No.1 price touched and reversed from the zone...means some "old" bear orders were filled here ... question is : are there enough open orders to push price down again or will we see a raise to point 2 or 3 ? we also could see a forming tripple top here.. waiting for some PA and lurge like a leopard
TD-sell setup in overbought conditions at the upper MIDAS Displacement Channel (MDC). MIDAS Trading Tools for MT4 available to download @ MQL5.com