Looking to short AUDUSD on retracement.
Good day everyone! We have a very nice 2h AUDUSD chart ready for the next week. 0.7243 is a key resistance level and 0.7010 is a key support level. In addition there is a very nice diagonal support (red trend line) which was broken recently. This is an overall view of the chart. Now let’s go in depth and build our setup. There is a very nice bullish Bat...
AUD/USD has broken strong resistance at 0.72 levels, upside on the day seen capped at 0.7243. The pair faces strong resistance at 0.7245-0.7250 levels, breaks above 0.7250 could take the pair higher to 0.7283 and then 0.7330 levels. We see a bullish 5 and 10 DMA crossover, price action is well above the cloud and momentum indicators are biased higher. Immediate...
The AUDUSD is in strong down trend. We expect selling at resistance zone and sure following the daily channel. Waiting for daily retrace on resistance zone and for sure PA ( BEOB, IB ). We know that US president votes coming so be careful.
VIDEO: www.youtube.com CYPHER PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: CYPHER PATTERN Hello Traders, I have this on my radar for the coming week of trading ahead. Waiting for Price Action to complete our Potential Cypher Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star...
0.72 is strong resistance for AUD/USD (trendline and pyshcological level), we would see bullishness only on breaks above. Price action has dipped below daily cloud, Stochs and RSI have turned lower. Risk-off in early Asian trades along with RBA Edward's comments knocked-off the AUD/USD pair below key 0.71 handle. Edward talked down the domestic currency, noting...
Took this trade just minutes ago. i feel its a trade worth taking because of the following reasons: a) we have a clean break below trendline b) prices are responding strongly at the 0.786 level c) a potential double top has formed and should see this pair go southwards With the poor aussie employment data today, prices should go south from here. Will be watching...
Potential bullish 2.618 pattern.
GARTLEY PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: POTENTIAL GARTLEY PATTERN Nice bullish move on the AUD/USD this morning Tokyo open, IF we can get a continued push towards the upside, THEN we can have a selling opportunity. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star...
Inverse H&S this pair with very good perspectives. Good RR.
TRADE TYPE: SWING With AUDUSD holding a very weak bias over the long term, on a higher time frame swing we would like to respect that bias and look for adequate short entries. The market reversed at the lows at around .68500 after breaking out of the ascending wedge pattern, below the trend line and made a significant run to the upside. This brought a lot of...
AUD/USD fails to hold above the 0.71 handle, upside bias seems to have lost momentum, trades largely unchanged at around 0.7090 levels. The pair is extending declines after rejection at strong trendline resistance on Feb 4th. Techs suggest downside for the pair, Stochs, RSI and MACD are biased lower, tests of 0.6973 likely. Daily charts show a bearish 5-DMA...
CYPHER PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: CYPHER PATTERN Having a look at the AUD/USD on the US open and we have a Cypher @ Market. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: ...
WE RECENTLY HAD RISING WEDGE PATTERN (BEARISH) BREAK ON THE DOWNSIDE, CONFIRMING SHORT TRADE. SOME DEMAND ZONES TO KEEP AN EYE ON FOR POSSIBLE RETRACES ON DAY AND SWING TRADING. FINAL TARGET IS .6825
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...