Bullish Leonardo Pattern on AUDUSDThis is a Bullish Leonardo Pattern, maybe the price will re test the bullish trendline or the fibo levels are targets....
Aususd
Short open position1 short position open
0.7650
Target 1 0.7550
Target 2 0.7448
Target 3 0.7319
Target 4 0.7150
Stop 0.7840
2 short position open 0.7720
3 short position open 0.7800
Market trap and down aceleration for short positionFX:AUDUSD
You can see the structures and the aceleration right?
AUDUSD Technical Analysis for May 30, 2016Australian Dollar is currently on its corrective wave. Target is toward 0.7380 (38.2% Fibonacci retracement).
Watch out for the bears (long term).
AUSUSD - POTENTIAL LONG OPPORTUNITYFollowing the main TL however price is moving along the short-term downtrend - Buy the breakout of the downtrend for potential bullish movement towards target @ .77800
Awaiting the LONG set up
Long term Aussie Dollar forecastWe expect this pair to continue on its bearish run, triggered in the middle of 2015 by widely held traders view of a US dollar rates increase. Once this rumour subsides, we expect the Aussie dollar to bounce back
Can the bullish divergence in AUDUSD H1 help break above 0.715?Can the bullish divergence in AUDUSD H1 help break above 0.715 levels, to take out 0.725 and
ultimately reach up towards 0.730 to 0.745 levels?
A further decline in DIY towards 97.0 could ignite the move.
Bullish on AussieDouble bottom on the daily.
On the 4 hour i see a reverse head and shoulders forming due to the strong rejection of the double bottom with a strong bullish candles.
Expecting a right shoulder and then a retest of the neckline.
Break would lead us to a another test of the 73.75 level
Risk Reward 1:43
AUDUSD possible wave count for an impulse 12345.
now we are in a 3 of a larger 3.
so there are opportunities to go long to catch wave 5 of lower degree.
if the green line break, there is confirmation for uptrend continuation.
