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Audusdbuy

AUDUSD Made A Double Bottom at a Critical Support ZonePrice is sitting at key support, which is in confluence with 61.8 Fibonacci retracement. Price has also made a double bottom formation at the key confluence zone. Price should resume higher from or near the current level. The breach of the confirmation level indicated on the chart will further confirm the bullish setup. If the price moves above 0.6800 confirmation level, it would have broken the high of wave iv of an ending diagonal pattern and a descending trendline, which is a strong signal for trend resumption. What's your thought on AUDUSD? Kindly let me know in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
4
Aud/Usd Buy IdeaSo after selling for a while , im about to buy this! I did draw my Fibonacci Retracement with wicks here .... (Because it makes sense) .... It seems that every level matches up perfect the way I drew the Fib Retracement on this chart! See the highlighted areas This is not a signal to buy!!!! You have to wait!!! Price can go down a little more and touch the daily rejection areas again before moving up! Try using a crossover strategy on hour 4 to enter the buy! This is analysis only! Not a buy signal! Check out the previous analysis on "Link to Related Ideas" (Aud Usd A Big Sell)
Long
by RlcTrading
1
AUDUSD bounced from support, potential for a further rise! AUDUSD bounced off 0.68690 where it could potentially rise further to 0.69300. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone