Hello traders! We have been following this pair for a long time now and it has been trending quite nicely for us. The overall direction of this trend is clearly to the downside and we have been riding that trend down taking multiple successful shorting opportunities along the way. Recently however we had a significant pullback that actually acted as a short term...
For months we have been consolidating with this pair. I believe Aussie is ready to go bullish. Simple break retest continuation of monthly support. As long as we close and stay above monthly support, I believe we are bullish. Targets 1 and 2 are indicated. Target 1 Risk/Reward: 1: ~2.7 Target 2 Risk/Reward: 1: ~8 -Safe Trading and Best Regards
LOOKING FORWARD TO A LONG POSITION WAITING FOR THE RIGHT CONDITIONS
in chart 4 h mark clear differences to enter downtrend and oscillators gives us more confirmation of bearish strength to reach 0.73045 which would drive the price touched the moving average of 800 periods to have greater force the price has to break down through 0.5 fibo level for greater clarity in the trend
Previously we were only looking to short AUDUSD as it has been in quite the consistent down trend over the past 2 months or so. We followed this trend and got a few successful short trades out of it, but the last attempt we took shorting this pair failed and we got stopped out. Losses are a part of trading and we now have a better insight as to what the market may...
If AU news is good, there is a chance that price action will break through the top trendline and then retracement to the line and then continue upwards. Need to wait for the Reserve Bank's sentiment on easing.
AUD/USD rides the NFP wave, hit 3-week highs of 0.7368 before paring some gains to currently trade at 0.7330. The pair has broken above 200-DMA at 0.7254 and trades with a majorly bullish bias despite weak MI inflation forecasts. Data released earlier today showed Australia Melbourne Institute inflation reading came in at +1.0% y/y vs prior 1.5%. While m/m was...
We have completed our 5 wave cycle for his pair and looking to reach between 1.08000 area for a correctional ABC wave. We have very good support here which lasted all throughout 2016 and started in 2015 . If the support cannot back our correctional wave period then it is likely that there is deep bearish momentum in this pair and a brake below the support...
After the FED Announcement on Friday it seems that the pair has made its gradual retracement back near the 50% of the 3rd wave after a final rally in favour of the Australian Dollar. We have a good resistance structure holding the pair from heading any higher in order for it to start its final 5th wave down towards the Feb lows. As you can see the 4th is...
possible short opportunity, awaiting MACD and VI confirmation for entry.
Notes: Classic break and retest of a major descending trend-line. Target is at 0.74 - the 38.2% Fib Retracement of the Bear Wave from the 78300 high to the 71600 low. Trade will be scaled in as needed. Key Risks: Renewed June FOMC Rate Hike expectations. (USD upside) Incredible jobs figures this NFP-Friday. (USD upside) All wave labels are arbitrary.
Hello Traders, We recently had a successful cypher pattern on the AUDUSD. If price can pull back down into this area we have a potential Bat Pattern. This completes at 0.7166 (RED) Price has shown some good rejection around these levels. Target 1: 0.7216 Target 2: 0.7209 We also have a Cypher pattern that completes at 0.7181 (BLUE). However considering risk...