AUD/USD (A hard support can push it higher)Apparently, AU is supported by hard resistant called 0.767 regions.
Since the bull force gets stronger, it can swing up again.
It can go to levels like 0.775 and 0.782 regions.
DYODD and Trade Safe
s0nic
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Aussiedollar
AUDUSD - DAILY CHART - BUY SETUP/DEMAND ZONEAud/Usd - Daily chart - I see a strong demand zone below current price for aussie dollar and I've taken a buy trade around 0.77 with stops below 0.7650 and targets of 150-200 pips. This correlates well with dollar weakness and other major fx pairs in buy levels.
AUDUSD set to rise?AUDUSD appears to be close to finishing another 3 wave structure labelled as C-D.
It has made a short term correction following from an impulse.
It also seems to have broken out of the short term correction trendline and began its move downwards.
I expect the impulse to end at point D and begin another 3 wave pattern upwards completing at E.
Once D has completed I would begin looking for possible entries.
If no sign of entry at the beginning of wave 1, then I would aim to enter after the corrective 2nd wave structure is broken.
This would end at E.
Thanks.
AUD/USD SHORT.After our prior TP's towards the upside wasn't fulfilled we see a sudden change in trend I'm currently riding the downward trend towards the 0.76500/0.75000 Region .
I am however anticipating a change in trend around the 0.75000 Region.
We could see a potential long position in the near future guys, stay tuned!
TP: 0.76500/0.75000
Buy on completion of BatPrice is forming an XABCD Pattern in the right Fibonacci ratio's so far. Price is currently sitting at a strong resistance currently, so could take it for a sell right down to the target buy area.
Place stop loss just above point A.
Take profits at the various support levels throughout.
Last time I called this it moved ¬800 pips.
AUD/USDThe Aussie dollar is heading into the crucial area around 0.775. In terms of structure we are expecting a new higher high, but looking at the previous, we had a very weak projection which suggests there isn't a lot of buying. I think we will see it start to range a bit or even fall if the dollar starts to gain. But I am targeting a buy if I get a signal around the 0.775 area.
AUSUSD Channel trading planFX:AUDUSD seems to be forming a bear flag on the large timeframe, there are some nice potential opportunities for a gartley completion which would also be a cypher C leg - instead of taking targets @ 38.2% for the bearish cypher I will probably hold longer term to see if we can break out of the channel/bear flag.