Trading pure price action here...using H2 time frame # Price has broken the support # Then pinned from the under side (as resistance) # Sell signal printed (inverted hammer) # Also note the inside bar pattern and the hammer as the fakey... Selling at market price 0.69911 with my levels as follows: # SL above the 0.7000 pivot/resistance/pinned level # Tp lower...
On the chart you see AUDUSD are building a bearish Wolfe Wave pattern. This is already a correction wave und will goes down again. For the confirmation of Wolfe Wave pattern, please wait till the RSI will show a divergence and then use the favorable moment for short position.
Looking to short once the yellow bar has been reached. I will be waiting for a sell signal to form around this area before making any decision. For real time updates, exact entries and trade management details please join Forex Bootcamp using the Telegram link below.
Looking to short at supply zones
Refer to chart for trade idea.
AudUsd - Daily timeframe - Looking to sell this pair next week for a potential 200 pips pull back down into the nearest fresh daily demand zone.
Currency Pair: AUDUSD Sell Limit Entry Price:1.7100 Take Profit:1.7000 Stop Loss:1.71500 Capital Risk:500USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 1000USD Risk/Reward: 1:2
Though it seems like it's now forming a double bottom in the hourly chart (and I also have bullish bias in AUD overall, especially since it has been oversold for some time now), AUDUSD already broke the 2017 low (0.70500) and if this pair breaks past 0.70468 (-38.2 fib level in the weekly chart), I'm expecting it to go down further near 2016 low at 0.68489 (-61.8...
AUDUSD Short Trade Idea: Another Great Trade To Search For Sell Set-Ups: Looking For This Pair To Continue With It's Down Move This Week. If You Choose To Enter Here, Have Your SL At 0.7266 Levels TP: This Pair Can Really Fall So Don't Rush With The Profits.
I see price retesting the trend line as a potential pullback in which has been broken. Also, if you look left on this weekly time frame there is a "Double Top" indicating a potentially strong bearish move to the downside.
Looks like it will continue goin south and bounce on .382 and channel support, then continue to test .50 or .618 fibo retreachment.
-4Hr: Retest of support line with bullish momentum towards resistance which I feel will retest and gain bearish momentum upon the interest rate decision -Daily: retest of support line - RBA governor Philip Lowe indicated in July that interest rates were likely to remain on hold for a while as Australians grappled with rising household debt, stubbornly weak...
If the level of 0.852 was broken we will go in for long that level actually is so strong and we`ll wait to see - if the price was reached to 0.8045 will see confirmations for short opportunely Good Luck! :)
fib retrace on 61.8% . this setup looking very juicy!!!
I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets: Entry Sell: 0.75900 Stop Loss: 0.77550 Take Profit:...