EURAUD: Important Breakout 🇪🇺🇦🇺
So it turned out that EURAUD broke and closed above 1.49 - 1.498 resistance cluster.
The broken structure turned into a demand zone.
The closest resistance that I see now is 1.53 - 1.54 zone.
I believe that it will be the next goal for buyers.
For entries, consider an occasional retest of a broken structure.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Australiandollar
AUDUSDHELLO GUYS THIS MY IDEA 💡AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUD/CAD 700 Pips Bargain: AUSSIE's Plight Deteriorates FurtherFundamentals :
The China Factor : Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
" Disaster looming in Australian economy as iron ore demand falls " (Daily Telegraph: www.dailytelegraph.com.au )
www.imf.org
fred.stlouisfed.org
markets.businessinsider.com
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes " haunting ": stockhead.com.au
Technicals :
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
AUDCHF Strongest buy opportunity of 2022-------------------------------------------------------------------------------
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The AUDCHF pair is approaching the bottom (Lower Lows trend-line) of the Channel Down pattern that it has been trading in since the February 25 2021 High. Last time it did was on December 03 2021. At the same time, the 1W RSI hit its 1 year Support Zone, where it is close to doing so again today.
On a long-term horizon, this is the most optimal buy entry. We can target the 1D MA50 (blue trend-line) on the short-term (as it happened on Jan 10 2022) and the top (Lower Highs trend-line) of the Channel Down, if we close a candle above the 1D MA200 (orange trend-line).
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💵Euro/Australian Dollar💵Analyze (9/22/2022)!!!
Euro/Australian Dollar reacts well to the resistance line and has failed to make a new high every time it has hit this line.
I expect the trend line to break and Euro/Australian Dollar to decline to the support zone.
🔅Euro/Australian Dollar Analyze ( EURAUD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURAUD Recurring Channel Up hints to buying the pull-backThe EURAUD pair recently broke above the 1D MA50 (blue trend-line) and came just one step before testing the 1D MA200 (orange trend-line), which caused (on July 01) the last major rejection. We can see the possibility of a Channel Up emerging, in the same formation as those of November - December 2021 and March - May 2021. Notice the similarities on the 1D RSI sequences.
As long as the 1D MA200 is unbroken, it would be best to buy any pull-back that occurs below the 1D MA50and target, initially, the 1D MA200.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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GBPAUD Buy opportunity and reversal levelsThe GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level.
That should be considered a short-term opportunity by itself towards the top of the Channel. But even from a longer-term perspective, the last time we had those exact same set of parameters take place was during the Channel Down that started on June 2020. As you see that pattern also made a -6% Lower Low from its last High and once the 1D RSI hit the 30.000 oversold level, the price rebounded, gradually above the 1D MA50 and then the 1D MA200 to break above the Channel and eventually make a top on the 1.5 Fibonacci extension.
As a result, as long as the current Channel Down is intact, we expect a new multi-month rally towards the 1.5 Fib which is at 1.85500. Since the bearish trend is that strong, especially today, it would be best to take that trade upon confirmation, after the price closes above the 1D MA50.
Confirmation is needed because in the event of a break below the Channel's bottom (Lower Lows trend-line), we can see the price target the -0.382 Fibonacci extension at 1.613520.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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AUDNZD Testing Resistance. How to trade a breakout or rejection.The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021.
The price is currently testing the top (Higher Highs trend-line) of the Megaphone. A break above it, should target the top of the Channel Up and complete the +4.70% rise that has been done the two times that the pair rebounded on the Channel's bottom. A rejection either now or at the top of the Channel Up should be bearish medium-term, targeting at least the 1D MA50 (blue trend-line). A break below the Channel Up, establishes the Megaphone as the dominant pattern, and should test its bottom, along with the 1D MA200 (orange trend-line).
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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AUDCAD Still bearish unless this level breaksThe AUDCAD pair is following our trading plan to the point since our last analysis (August 12), which was a sell signal following the 1D MA200 (orange trend-line) rejection:
As you see nothing has changed, the price got emphatically rejected on the 1D MA200 and entered a Channel Down that has already hit our first target (0.89120). There is no diversion yet and as long as the Channel holds (especially the 1D MA50 (blue trend-line)), it could target on the medium-term the 1 year Lower Lows trend-line.
This pattern is invalidated only if the 1W RSI Symmetrical Resistance Zone breaks, or the price breaks above the 1D MA200, in which case we will take it as a buy signal, targeting the 1W MA300, which had the April 05 rejection.
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💵Australian Dollar/Swiss Franc💵 Analyze(update)!!!Let's first take a look at the previous post I published about the Australian Dollar/Swiss Franc.👇
Australian Dollar/Swiss Franc moved as I expected and completed its wave 5.
I expect the Australian Dollar/Swiss Franc to go up to the resistance zone.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Australian Dollar/Swiss Franc💵 Analyze!!!Australian Dollar/Swiss Franc completed the main wave 4 by Expanding Triangle, and now it is on the road to completing the main wave 5 at the targets I showed you in my chart.
🔅Australian Dollar/Swiss Franc ( AUDCHF) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AUDUSDHELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AUDUSDHELLO GUYS THIS MY IDEA 💡ABOUT AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
💵Euro/Australian Dollar💵Analyze !!!Euro/Australian Dollar has bounced back from the resistance zone for the second time and I expect this drop to continue at least up to the support area I marked on the chart.
Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price.
🔅Euro/Australian Dollar Analyze (EURAUD) Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SHORT TERM SELL first we have crossing up the poc of the prevues week so we expecting the price reach first HVN than short
second reach the black hole than will be strong bearish
AUDUSD Trading plan around the current Support.The AUDUSD pair got heavily rejected yesterday on the 1D MA50 (blue trend-line) following the worse than expected CPI report. This is the first update we make on the pair since our August 05 analysis, that targeted the 1D MA200 (orange trend-line) following the Wedge break:
Our target has been completed and the price has entered since a new corrective pattern that is supported by the former Lower Highs trend-line of the Falling Wedge. Being so close to the 0.66800 Support, a buy on a tight SL on that level is a high reward trade, with our target being the (dashed) Lower Highs trend-line. In order to extend buying beyond that point, we would like to see the 1D MA200 break. On the other hand, we will be selling if a candle closes below the 0.66800 Support and target the bottom of the Channel Down.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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AUDUSDHELLO GUYS THIS MY IDEA 💡AUDUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
GBPAUD: Bearish Outlook 🇬🇧🇦🇺
GBPAUD is coiling around a solid intraday supply zone.
The price was rejected from that multiple times.
I spotted a double top formation on 1H and a confirmed neckline breakout.
I expect a bearish move at least to 1.6957 support.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️