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AUDNZD The Third MoveHELLO TRADERS, It is likely that we have completed the regular flat correction there in the middle and now we are headed up to complete the bigger 1-2-3 move. Look out for a rejection at the trend line above because once it reaches there it can fall back down and start making a more complex correction, which means that the the impulse to break the 1.1474 zone has still not started and we are still in a more prolonged correction! We will have to re-evaluate price action as the price moves along. Stay tuned! Check out some of my other ideas posted under 'related ideas' down below. Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis! THANK YOU & GOOD LUCK!!
Long
by UnknownUnicorn852976
AUDCAD The Monster Wave Up Will ComeHello traders, This correction has been going on for years now and as of July this year, I have been waiting for the big wave up to the red trend line at least before deciding whether this will actually be the big impulse move or just part of a WXYXZ correction pattern. Let us first see how the price will react when it goes back into the correction range at the green trend line! If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to follow, I will be posting forecasts & trade setups daily. Thank you, Good luck
Long
by UnknownUnicorn852976
EUR/AUD ready to fall as many analyses showing a possible top.Hi, The FX:EURAUD its very interesting in my opinion at the moment. In the long term we have a trend line which the EURAUD its fighting right now which means that if it breaks, it will give extra pressure for the shorting side. On the Daily chart looks like we have a possible H&S formation which we re-tested the neckline yesterday and today we are breaking to new lows. On the 4hr looks like a possible flag is in play which targets the 1.5740 area. For this reason I have shorted this pair at 5943, with SL at 6034 and TP at 5700 area (3.00 RR). Thanks and good luck.
Short
by dcm2020
1
EURAUD 1.6350 MAJOR RESISTANCEOnce price reaches 1.6350 I will be keeping an eye out on price action and I will be looking for Daily/4HR reversal patterns to form before going short or a break of the Counter-Trendline. (First Target 1.60255, 2nd Target 1.57000) |If we have a nice weekly break of the Uptrend, I will Hold onto dear life.| -This setup will be invalidated if we have a Daily break above 1.6350 (we can look to go long if we get a retest (Targets for this will be 1.6550) (If you're in Longs from my previous call my final target will be 1.6350, around 120 pips away)
Short
by Lm7ee
AUDNZD - Wait for rejectionGood night everyone, Audnzd is being on a strong buying rally from 1.03 level As we can see on weekly chart (left) AUDNZD broke the uptrend tested multiple times and now it re-testing it, it may work as resistance. On the daily chart (right) we can see price is now struggling on our 200 sma , should the price close under 200sma then we might have a good opportunity to short aiming 1.059 and 1.045 levels, RSI is already overbought. Watch out since this wednesday we have variation in employment numbers (sorry if this is not the proper translation) and this number reveal the strenght (or weakness) from australian market. Good trades everyone . This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Short
by MarcelMartins
AUDUSD short term sell!Hello traders, as you can see I'm looking for sell on AUDUSD. It broke the smaller trendline and now we have to wait for some sideways candles to confirm down move. The bigger picture looks upside, and for that reason as i mentioned it will be short term trade. Usually i don't trade against bigger picture, but in this case RR ratio is amazing for me and thats the reason why i wanna take that sell. Down below you will find my bigger picture. BONUS: Don't jump into the sell now, even if it drops fast. Chart will always correct and that's the place for safer sell! Make the bank rolls! ;) $$$$ My daily view on AUDUSD! If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM
2
AUDNZD - Market OverviewThe 1st downtrend line was broken, and the price could reach the main resistance zone. It is formed by another downtrend line, 1.04500 resistance level, and SMA50. The market must have solid reasons for breaking this strong resistance. But if it can be done, there will be SMA100 which also act as a strong resistance line. It looks like the downward movement will be more simple. If there are signals from indicators confirming the price reversal, it will be possible to open short trades with stop orders above the local swing high and profit targets at the lower support levels. Short trades can be opened based on the daily and hourly timeframes. RSI is going to confirm the price reversal, but this signal will be out of the overbought zone. As a result, it won't be so strong as it could be. MACD still support the bullish movement. DMI is bullish, but ADX line falls telling us that buyers become weaker. IF the price tries to move upward, it will be possible to get a false breakout.
by DLavrov
Chaos looms: meltdown in sight. Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does not just stay in those regions. In this screencast, I show where I've suffered in holding to my confidence in the indicators, from that important technical perspective. And now I'm in a no-loss position. If the market moves south, I shall follow - no need for targets or price levels. The markets show me entry points and decide exit points. Just to be clear - hope and luck are not part of my equation.
OANDA:US30USDShort
by Captain_Walker