AUDUSD 4HShort continuation as price broke below its recent support turning resistance. Now heading to its daily uptrend line, where price will either bounce of break lower..
Aussiedollar
AudUsd - Bear FlagPrice has been in a 2 week period of correction but despite the risk of a pullback to previous broken support turning resistance at 0.77482, further declines are seen as the higher probability move. Targets sit at 0.76156 and 0.75817 respectively
AUDCAD 4HIn consolidation range in overall daily downtrend, however price is approaching a strong area of support, & a buy is likely as price failed to break this level for some time now. 50 pip stop loss or so once price reaches daily support...
AUDNZD 4HAt trendline support, looks like a bullish flag is forming & another move to the upside is likely.. But a breakout in either direction is what ill be looking for.
AUDUSD 4HPotential short opportunity again, price rejecting the 50 fibonacci level & counter trend line. Watching for a daily close so far it is looking good : )
Weekly doji close for GBPAUDI had already decided to short this pair before realising that this weeks candle closed as a huge doji. (!)
I rode the retracement wave up towards the trendline and the 60fib, and was waiting for a rejection of this area. (yes I do trade NFP)
Both EMA, 60fib, daily res and the trendline are right in this zone and it was rejecting it on the 1H timeframe before it closed below for the day.
In my opinion, the price action from both 1H, 4H, daily and specialy the weekly, I say this will continue to go down next week.
EURAUD 4HAwaiting breakout... I believe price will head back to trend line support / triangle bottom before choosing a direction.
AUDJPY 4HWatch for break of 4 hour uptrend line next target at weekly support, price getting squeezed will breakout soon. Could push more to the upside or down lower is what I anticipate but patience & time will tell...
GBPAUD DAILYLast week, BOE gave us a perfect retest of broken weekly trend line, & bounced off the 61.8 level. Price closed above resistance I will go to the lower time frames to look for an entry. AUD RBA Rate statement shortly I am anticipating a weaker Aussie lets see how that helps this setup go into play..
AUDUSD Weekly Outlook 5th November 2017 NFP on Friday saw the Pair push lower again back into the Monthly key level.
We can still see signs of rejection in this area which shows it still has some potential to reverse from this level.
We have had an ABC pattern complete, we also have a 0.618 fob in this area which gives us the a,b legs of another potential move upwards.
On the Daily we are in the area where there could be a further push down to test this area or reject will wait and see how the market opens but with the cross of EMA's on the Monthly chart this could just be a corrective move before we move upwards
AudUsd - Bear FlagLast week price corrected in the form of a Bear Flag before selling off towards the targets from last week as expected. A correction this week will provide a great opportunity for anyone managing shorts to add towards the targets of 0.76156 and 0.75817 respectively.
AUDUSD SELL SETUP @ 60 MinHi,
We can see clearly last month fall right now AUDUSD trading on corrective structure for short term and continue another leg downside. Today Aussie session gave some surge in aussie and also other currencies against green backs. I am looking for this is the short term surge, High probability reversal possible on hourly chart.
Break OR bounce?!After price rejected its daily uptrend line & 50 fibonacci level, my projection is a rebound back to the upside. But a break & retest of that trend line could give us a break to the downside. Lets see
AUDNZD 4HThis pair I will be watching to for a potential short during AUD news later today. Looks like price broke its wedge & is now retesting, along with broken support turning resistance. Will be observing carefully
AUDUSD Monthly Outlook 01/11/2017New month new candle close on the Higher timeframe.
AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level.
We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the formation correct me if i'm wrong) and we have got a couple of fib confluences with the 0.618 lining from a monthly high key level to low, also a 0.32 swing low to high fib.
Also possible wave 4 to 5 just to mix things up even more
see what happens around the 0.77200 level first.
AUDUSD DAILYWaiting for price to pullback to broken support then turning resistance (lower high), or break of uptrend line & retest for continuation lower..
AudUsd - Break Of Support Hints Further DeclinesWe start the week below key support now resistance at the 0.77482 area. A correction and re-test of this are will provide a great place to look for shorts down to the targets of 0.76156 and 0.75817 respectively.
GBPAUD DAILYInverse head on shoulders broke out of its weekly downtrend holding since 2015. Price broke its neckline came back to retest & now looking to see if we can get a hammer close to support. Elliot wave potential swing trade lets see how it plays out !
EURAUD DAILYLikely to break higher, price has been range bound & is now back at daily resistance. If we can get a break above price will push higher no doubt..
