Looking like AUDUSD will continue higher after the short attack. Might see this back up in the .72-.75 range going into 2016 if all is good. Lets see if it stays true to the overall trend!
There is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs...
Very clean detailed S/R x Fibonacci retrace analysis, 62.8% retracement occurring last 2 candles suggest bullish momentum is dying out! This trade for me is a channel trade, I use Fibonacci and S/R to add confluence. Please zoom out and examine these areas The diagonal channel is 3 - 4 months old and very valid and we have seen price already bounce off the top...
There is a Bat pattern with great R:R. Also, Price respected 0.6988 zone few times, which increase trade probability. T1 - 38.2 T2 - 61.8 T3 - 0.6925 Zone (Dark blue zone)
Enter with very good risk reward
There are several interpretation on longer term prospect for AUDUSD as some analyst of major banks ( technical-analysis.forexlive.com ), attempt to label the chart and I assume they know what they are talking about. However, I am not sure about the move from 2008 low to 2001 high labelled as 5 wave impulse and likewise suggesting that we are now in 5 wave decline...
Confluences: 1/ Trend 2/ Pin bar ( undecision - continuation? ) 3/ 0.74 level used as resistance 4/ Fundamentally very weak AUD against the strong USD
The Aussie has been falling for a long while. The sharp drop at 0.7690 tells us that there could be a move lower from this area. A possible target for this trend trade is 0.7640. EP: ~0.76900 SL: ~0.77000 TP: ~0.76400 R/R: 5:1 Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied back up but failed to reach the zone before falling...
Long Entry setup (My opinion, not a suggestion, nor recommendation) Details on chart
AUD/USD MONTHLY LOOKS LIKE WILL FINISH ON A SHOOTING STAR, WEEKLY ENGULFED 3 WKS PRIOR. BROKEN CHANNEL MA CROSSOVER STILL MAKING LOWER SWING HIGHS A LOWER LOWER NEEDS TO BE FORMED. ALSO LEG A,B ,C COMPLETE NOW AWAITING LEG D WHICH IS 0.74460 AREA .FUNDAMENTALS WITH DOLLAR VERY STRONG AT MOMENT
AUDUSD on a daily chart, closed with a doji and it's on the strong support level, breaking of 0.784th level will go long all the way to 0.0804
This pair has run into a resistance area however with the large bearish candles it doesn't look like slowing down any time soon. If we see a candle break below resistance and close i would see this as a good reason to take up a short position. I would like to see it close around the 0.77 area rather then just below as this will increase the probability of the...
AUD/USD - H1 Chart - Bat Pattern Here on the H1 chart of AUD/USD we have a nice Bat Pattern setup. With the D leg completion at .7988 we have a nice reversal zone at previous support, thus giving us a great opportunity to place stops just underneath. We must see a completion at D leg before any long entry is triggered. - SL must go below X - Target 1 at...
DiNapoli is still in the positive zone, but has made a triple touch on the descending trendline, adding to the bearish momentum and also creating a new resistance level. The price action on AUDUSD has done the same, past 12 hours shows bullish stagnation in the pair and a failure to make a new high over .80272, the previous peak made on May 8th. Currently the...
Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may...
Hey there traders, this is Ahmed from Pro Trading University, Everything is explained in the chart except the stop loss & targets. The stop loss goes 10 pips above the previous cycle high. Initial target comes at previous structure (the bottom of the double top). And no, the head & shoulder doesn't have to do anything with my entry, I just felt like drawing a man :)
First of all we are looking for selling orders due to the bearish long term trend. In my opinion the price can reach the level of 0.7608 and further the 0.7562. Moreover we see a bearish gartley pattern, althoung it is not totally accurate.
AUDUSD is still in longer term downtrend. In the last short term chart we were successful in taking short which didn't reach the 1st target level but came close. However, since then, it has bounced strongly in abc zigzag in what appears to be wave 4 retracement. The today's gap up open could set the scene for excellent short entry with tight...