AUDUSD About to Break the Very Big Descending Channel, Ahead of NFP.
Price broke out of our long term descending overlap support line and is approaching our first support at 0.7760 (horizontal swing low support). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing...
The down trend broke the 100 MA at 0.7800, and is at the neck line 0.77131 of the triple top which is a sopport line forming a triangle. We can go short at 0.7696 and take profit at the strong resistance line 0.76497 and target 2 if it breaks the resistance line, TP 0.75135 and a stop loss 0.77390.
Most Pairs againts the dollar seems to continue moving downward as dollar is getting its momentum to the upside. Reason for shorting this is already at the chart. Short around .79119 SL: .80031 TP1: .78040 TP2: .77015 Follow us for more quality trades. September we had gather 1000+ pips. *Disclaimer : This analysis not include personal feeling/opinion, and...
After a triple test on weekly structure and after the pullback of the trendline now we can buy the AUD
Hello fellow traders, Please find alternative development of the Aud/Usd pair. I look forward to your comments. Sincerely, Trader.
The Australian dollar has been consolidating on the daily chart since mid year. It has continued to compress into a tighter formation and now appears to be nearing the end of a correction to the down move that began near end of 2014 on weekly chart. On the monthly chart, all indicators have pulled back from extreme oversold conditions of Feb 2016 to what...
Hello, we are looking to sell audusd upon confirmation. Have a harmonic pattern along with structure. Please see the bigger picture on the chart below. Also subscribe to get latest updates and inbox to learn more about our strategy and how we use structure as well as harmonics to find high potential setups.
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SHORT ON AUSSIE LOOKING FOR ANOTHER LOW OR ATLEAST A RETEST OF OF PREVIOUS LOW
LONG TERM - AUSSIE IS CURRENTLY SITTING AT A MAJOR KEY RESISTANCE LEVEL AS HIGHLIGHT ABOVE - - This suggests bulls are coming in and if further bullish price action is seen on lower TFs I will be buying this market long term. - Price action is also confined within YEARLY TRENDLINE SUPPORT (black trendline - seen more clearly on YEARLY CHART) - RSI was last at...
Possible bullish bat harmonic pattern on AUDUSD. If AUDUSD also touches the rising channel to form the third point, that would be an added confirmation to the technical setup. Long AUDUSD 0.6980-90 SL 0.6900 TP 0.7300 ===== www.ForexPositive.com Twitter @ForexPositive ====
Simple is easy and has a better understanding ! Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525. Good Luck !!