Aussiedollar
POTENTIAL BUY - AUD/USDDAILY TIMEFRAME CHART, After reaching Previous support levels on a DAILY time frame we look to take a long position and take profit at 0.618 fib retracement level. RSI(14) has reached the 30 levels on the daily timeframe.
ATTENTION !!!
This should NOT be taken as a piece of professional advice just my speculation.
💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBP/AUD: IDEAHere is an analysis on the GBP/AUD
Currently trading @ 1.80200
We expect the pair to retrace back to 1.79800 before it continues its bullish trend
If it manages to break below 1.79800-600 we will expect it to test next support
@ 1.79300 & then 1.78500
But if the pair treats 1.79800 as support then we'd expect it to test resistance @ 1.81
Potential Short Oppourtunity AUD/USDAs shown on my previous idea that aud/usd could complete the "W" formation, now that formation is made AUD/USD reaching the previous resistant level at 0.78100 and it is likely to come down presenting a short opportunity.
This is not a professional advice just my speculation.
AUDUSD ANALYSIS FOR THE WEEKAUDUSD was ranging in the past two weeks and price show a strong daily resistance at 0.78000-0.78200 (which is a psychological level too), and seems that it is not able to break it and forming a triple top.
If we expand the view to the daily bar chart, AUDUSD is about to complete a head and shoulders pattern.
For this week we are looking for short setup, and waiting for a valid breakout of 0.77000 structure.
However, we could see retest at 0.77300 or 0.77500 before falling.
AUDUSD Still Bullish!This scenario is likely to play out at the start of next week. Who knows?! Prior resistance @ .7800 was taken out, meaning there's a possibility that we're heading towards 07840 which is our next resistance level. If it holds, it could mean a turning point for this pair.
Happy Trading folks!
Cheers!
AUDUSD Pushing Higher!Aussie Dollar is still bullish on the daily and weekly chart, and depending on today's price action... if today we close near the top then this short trade will not be valid. However, if price pushes higher and fills the "Shaven Top" Candle - as marked on the chart - and then rejects that level.. then we'd short it all the way down.
Happy Trading folks!
Cheers!