I see AU buying off of this zone especially if buyers enter however price has been resisting the level so i can see it pushing back down to the lower level of support.
Hello Traders, Here's my analysis for AUDUSD, seems to be trading in a Wave Form respectively and will make its correction down when it hits 5th wave :) Trade Safe
If my Elliot Wave count is correct, I think we will see one more drop down before price moves north. We could be in an ABC pattern. Look at my prior ideas to see bigger Elliot Wave picture. Be safe and happy trading!
A clear rising wedge with a channel at the top, it may be acting as a bullflag. Price is over 200MA which is a bullish sign Price must break the critical resistance level for support to then be formed at that same resistance level. Room to move up between the 0.5 and 0.618 retracement levels
HI NEWS: -AUD/USD appears to be stuck in narrow range following the Reserve Bank of Australia (RBA) Minutes, but the exchange rate may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) snaps the upward trend carried over from the previous month personal opinion: -Depending on the demand, we expect another rise in the short...
Looking to short EURAUD on the retest of the previously established support at 1.70000. Multiple confluences in play here including the 38.2% fibonacci level a 3rd touch of the descending trendline and when pa reaches there we will also have the 4hr 50 ema and daily ema wrapping around.
Bearish move - it was clear to us, Euro was getting weaker but tested the fresh supply level on the 4 hour. We waited for price action confirmation and sold on the rejection of the zone. Now risk free. It was simple as that. If price reverses - no problem. Target is the next demand - swing trade if passes this and falls further.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
After this last drop-down, it may be a new low for another up move.
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🔸 DAILY CHART EXPLANATION: . 🔸 Price has bounced at the Dailly Resistance Zone. . 🔸 It is now inside the Ascending Channel again. . 🔸 It has broken the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 WEEKLY CHART ANALYSIS:
Hello friends, please observe our previous analysis on AUDJPY was spot on resulting in 2 perfect targets both hit. Now, we face a crossroads in AUDJPY at the current Fibonacci channel resistance level. These are the same channels utilized in the original analysis; Now, its time for us to keep an eye on AUDJPY as it reacts to this resistance. Possibly, this...
We can see big continuation impulse upperside afrter test the Bottom Line. ThankYou
AudNzd Bearish Set Up AN has made a strong push up and im expecting a fall / retracememnt to the near support level.... Tp : 1.05384 1.0495 1.0302
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair broke from its ascending channel Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...