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AUDUSDAUDUSD Technical Analysis AUDUSD has been in consolidation zone since early 2016, the price barrier was from 0.6884 to 0.7773. Auzzie tried to breakout through this area numerous times but failed. However, last week auzzie smashed through previous resistance, and on Monday it retested the new support 0.7785 (previous resistance). Since AUDUSD has finally broken the structure, price is predicted to reach back into 0.8700 zone from where it fell. I will breakdown AUDUSD on lower timeframe for further explanation in next idea. Overall TP is 0.8670.
Long
by kewanhedgefund
1
AUDUSDAUDUSD Technical Analysis for 4H/D After the bearish structure was broken, price tested the trend line (Bearish) three times, also formed bullish engulfing. We also saw higher highs, high lows, with very strong support, the new price ceiling was broken and, became the floor which was also the weekly support 0.7773. Price retested the tl/support and shot up. MA's have crossed over, we might see a small retracement as auzzie continues to climb up to 0.8670 zone.
Long
by kewanhedgefund
2
GJ BOUNCE UPWARD?as we seen a RISE YESTERDAY and then a NICE clean fall this morning im anticipating a recovery RISE for the asian session on this pair as i believe we are still in an OVERDUE MAJOR long term position lets see how this goes TIP on trading WHEN i trade i enter PENDINGS as hedge orders BIGGER then my original order just in case markets go opposite direction or the position is to early this ensures that im building EQUITY even in a losing condition HAPPY TRADING kill the markets this week
Long
by bxllionairejman