Look for a buy for GBPAUD as its building support after yesterday's news of AUD's Retail Sales. TP: 1.96-1.962
Entered Short on this pair 2 hours ago, We got out sell signal and the break downwards. I will ride this new trend all the way targeting between 75-150 pips. I believe the dollar will continue to get stronger since it is a safe heaven when it comes to currency. This is a swing trade to last I believe 3-4 days Max. Please like, follow and leave me your thoughts....
Watch out for short oppurtunitys. SELL ZONE + TRENDLINE + 50 EMA + FIB LEVEL = SHORT
Daily bullish trend was broke, we did get a 38.20% fib retest, but we can expect a 61.80% fib retracement. Then we will be looking to sell 1000+ pips!
EUR/AUD is falling to 1.70201! Sell now :)
with a bullish bias of GA & EA in mind, we can expect some weakness in the Aussie. price is having some difficulties to break the 0.63400 level which is the 618 of the Fibonacci. in the next 24 hours we could expect more bearish AUD.
Strong bullish bounce of major range on 1D chart Price reaching previous retest resitance level (may reverse before bullish continuation!) If price breaks through RL Entry Level-1.73400 (may change if there is a second pullback) TP1-1.75610 TP2-1.77438 Waiting for entry signal....
The pair is on a strong bullish leg since the March 19th bottom on the 1D chart (RSI = 68.147, MACD = 0.007, ADX = 52.319). However on the wider 2 year scale this is just the Lower High leg within a long term Channel Down. This bullish leg pushed the 1D RSI inside the Resistance Zone (which always delivers a drop) for the first time since September 2019. This is a...
HI -The Australian Dollar turned lower after testing trend resistance guiding the currency downward against its US counterpart since the start of the year, as expected. Prices have now broken rising counter-trend support set from the March swing low. That suggests that the dominant bearish bias is set to be reasserted after a corrective recovery has run its...
So the daily candle didn't really play out as i hoped it would, was unfortunately not able to create a red body, because that green support held. It broke the red zone, but think it still has potential because it didn't really break up either. Think for now the green zone around 0.890 might be the key level short term, that level might decide whether i am right...
Hi everyone and welcome back to another trade idea for GBPAUD . In this video I discuss a possible swing trade to the downside and what exactly it is I am seeing to give me the bias! If you enjoy the content give it a like, follow me for more trade ideas and if you agree or disagree with the set up let me know in the comments below! Have a great day! And if...
Hi guys, I hope you are doing well. EUR/AUD is facing a strong H4 resistance (pink cloud) and is currently consolidating. As you can see we've been in a downtrend and now the pair is moving in a channel below the daily pivot. As soon as this structure breaks, I will short the pair. My minimum target will be the 50% fib extension level @ 1.68600. As you...
AUJPY is on a bearish trend in the long term and we take it as a strong representative of risk sentiment ( can refer to its strong correlation with SPX which we showed in the video). We are shorting it from a key resistance level and we are waiting for a further push up to that level. Hope you enjoyed the video! Entry: 70.32 SL: 72.84 TP: 64.24
EURAUD is waiting for downside confirmation. If price is able to break below the downside confirmation, it will open up a bigger drop towards our target.