I believe we are at a pivotal moment for the AUDUSD depending on the next 1 or 2 candles. The yellow line above was a major support level in the past for the head and shoulders pattern and was also validated a few more times after that before break at the neckline. If price stays above this neckline in the next couple of candles, I predict the AUDUSD will...
This was the trade i took yesterday morning on AUD/USD. I alerted my members on the breakout and we went long with the target at 0.7648 taking just 1hour to complete. Some nice quick profits. If you want to join my alerts serve then email contact@fxbentrading.co.uk
I'm hoping for a re- test of 0.758. I know it may seem optimistic, especially with FOMC so close, but hey let's see what happens.
AUD/USD slips below 0.75 handle post RBA minutes, broad based commodity sell-off adds pressure. Gold is down -1.30% slipping below $ 1230, copper down -0.70%, while both crude benchmarks are modestly lower by about -0.50%. Techs on 4-hourly charts are biased lower, downside could see tests of 0.7455 and then 0.7430 levels. FOMC decision due tomorrow will remain...
Aussie Dollar today bounced off of a key area of resistance at around 0.757. I have an order to sell AUDUSD at 0.7485, a break of the pin bar's low. Our first target is around the 0.737 level.
For the first time since late February we are able to draw a valid down trend line on the AUDUSD. Combined with the last of the valid up trend lines, we are now in a triangle pattern, with a measured move indicating a move to the low 0.7300's should we see a break to the downside. Price is capped at 0.7503 and 0.7435 for the moment, so anything between those...
TRADE TYPE: SCALP If you check out our previous AUDUSD long idea above where we go over the overall market direction and potential upside targets, you will see that this is clearly a shot of that same analysis but on the hourly chart rather than the daily. Within this upward swing we can see this potential intraday long setup forming. You can see that...
BUTTERFLY PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: BUTTERFLY PATTERN There has been a lot of strength on the AUD/USD for those of you whom are following this pair. Here we have a potential Butterfly pattern setting up if support holds. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. ...
TRADE TYPE: SWING Whilst AUDUSD has been steadily bearish since about April of 2013... we are currently in what could be either a corrective move or a trend reversal. It is too early to tell for sure, but regardless of which AUDUSD has more upside potential, at least on a short-term basis. After breaking and closing above previous daily resistance @ .73800 we...
in upcoming week we will be looking for LONG opportunities ,
Hey Everyone, So AUDUSD has been the talk of the town lately with its amazing rally the past few days. A lot of people in the chat are wondering when it'll reverse so they can catch the drop with a short position. Well, at the moment I'm staying neutral on this one until a few more price action confirmations show themselves. It seems like AUDUSD has enough...
The pair has defied my previous forecasts of going down and instead we now have a breakout to the top side, it looks good to buy now on consolidation above the broken trend line.
This is an update for this idea We completed wave Y at the .7252 level and then turned lower in a corrective manner towards the 50% fib retracement level of wave Y, from where wave Z started. We will probably go a bit higher today, before seeing a correction of wave A of Z. From where we could buy (or rebuy) AUDUSD against the invalidation level at .710, for...
Possible scenario for AUDUSD retreat towards 0.72 / 0.715 levels AUDUSD looks heavy in H1 and H4 with RSI and stochastics tending downwards from the 0.38 Fib retracement of the longterm downtrend coming down from May 2015 highs at 0.7760 levels. My suggestions is to take partial profits around 0.72 where a break of our recent uptrend from late january 2016 lows...
Bat pattern in black. Gartley pattern in blue. Good resistance indicated by the black line. Increased risk/reward. Short this now with profit targets indicated by green boxes.
2.618 setup completion !