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Audusdwavecount

AUD/USD could PUMP today!AUD/USD is about to rise⁉️ After a breakout of the previous falling wedge and retest AUD/USD just violated the previous high at a key-resistance-zone and could continue the climb. With an increase of volume and more bullish confluence we could see a very strong move to the upside. Keep in mind that we`ll get to see the FOMC-Meeting today! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
AUDUSD testing major resistance, remain bearishSell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 93% level where we expect a corresponding drop in price from. We can also see bearish divergence vs price signalling that a drop is impending. To read about the daily technical analysis strategies in more detail, you can check them out here : www.theforexarmy.com
Short
by theforexarmy
AUDUSD above major support, remain bullishBuy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits. RSI (34) is seeing ascending support holding price up really nicely.
Long
by theforexarmy