AUDUSD: FALLING WEDGE IN MONTHLY TIME ZONEThanks for Taking Interested in my Trading Idea.
AUDUSD: FALLING WEDGE IN MONTHLY TIME ZONE
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Audusdbuy
My Idea on AUDUSD for this week it can be two different ways I'm looking for a W pattern but first I'm expecting to see if the market fills up the wick before shooting up to the downtrend line resistance Zone if we break the Yellow or the wick fill zone we going to go to the downside lets keep an eye on this one
AUDUSD bullish, potential rally to and above 0.6763AUDUSD is currently in consolidation and showing some bullish characteristics. It will be interesting to see if we can get price to trade below 0.6702 for a potential long to and 0.6763. In the event, we trade to 0.6763 before breaking the 0.6702 low, the trade is not valid.
If we trade below 0.6702 we shouldn't see the range low taken out and if it is then the trade at that point will be null.
AUDUSD to reverse from downside confirmation, potential drop!
AUDUSD to reverse from its downside confirmation at 0.67124 where it could potentially drop further to 0.66840.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD Seems like finished A leg of ABC correction I think AUDUSD had finished A leg of an ABC Correction and now we can go long with good risk to reward ratio.
You can trade based on your own confirmation around the area.
We also provide daily comment of any changes depending on wave count.
For now :
Entry Point : 0.6735
Stop Loss : 0.6705
Take Profit : 0.7030
Note: follow my updates for possible change of the setup in future depending on price action and wave count