AUDHKD Bullish reversal AUDHKD Bullish Reversal Bat pattern in one hour candlestick trade plan also define
HKDAUD trade ideas
AUDHKD is looking possible long Due to the following reason, the long position is good for me.
1. Higher time frame shows the ascending channel
2. Also lower time frame shows the ascending channel too. Thus it is much more possible that price will go beyond the channel
AUDHKD IdeaIf AUDHKD takes support on the 5.62 level and breaks out the downtrend line possible to make HH. If it breaks down to 5.62 level possible to go down to 5.57 or more.
AUDHKD, premarket analysisThe pair is currently on support and on the 4H TF a bullish pinbar has been formed.
We have a long opportunity untill the first supply zone.
R/R 3.32
ORDER TYPE: MARKET
TARGET: 6.06922 📈
STOP LOSS: 5.96638 ❌
Trade safe! Follow for more ideas!
AUDHKDAfter breaking out of a falling wedge, I am really Bullish on this pair. This post need no explanation, If you like this post.. do help support me by Liking, commenting and you could follow for more hidden analysis.
AUD is not a buy now. Period.I think we need aud to drop a bit more before we can enter in a buy position with it as the RSI is getting a bit overvalued and also it broke down of its wedge pattern. What do you think? Leave your comments and likes below. WARNING! I am not a financial adviser and take this advice with a grain of salt. Tell me what I should analyze next!
HKDAUD meeting gravityOnto the Hong Kong Dollar pair series, we have HKDAUD first up. Bearish. Zigzag forming now, in C Wave. Fibonacci extension gives me three goals in purple, and invalidation is in red as per usual. Remember, this is not financial advice - your decisions are your own.
AUDHKD 4 HOURShort. End of pullback at this level 5.53861, expect prices to fall continuing the downtrend. first take profit at 5.44598 support level
AUD HKD Trade opportunityHello everyone, we are back with another blog post, this one, being at a completely reasonable time for once. It is a beautiful Saturday and I look forward to charting quite a bit as a way to prepare for this coming week. I have a feeling that these next couple of weeks are going to be quite exciting, but only time will tell!
Elliott wave analysis: It appears to me, that we have just finished a wave a, and wave B, and are looking to start the wave c of a move upwards. On the larger time frame, we have just retraced from a major peak and are probably looking to visit the 0.8 retracement of this drop. As a result, the target for wave c is the 2.0 extension of wave one, which is 5.71842, and the stop loss is right under the most recent low.
Macd analysis: The macd isn't telling me too much right now, besides the fact that on the larger time frames, we have entered the positive zone. On the 3 hour we appear to be just hovering above the zero line, which means many things can occur. We can completely jump up, or we could cross back downwards. On the price action will confirm either of these ideas, but I do have a stronger sensation we are headed to the upside.
RSI analysis: The RSI on the 3 hours is telling me that a breakout above the rsi resistance is possible. This is because we have bounced off of the resistance 3 times, but most recently we have bounced off of the RSI support. This tells me that the support is even stronger than all the bearish momentum that has built up from the resistance. In purple you can find what I expect to happen with the RSI.
All in all I think that we are headed quite a ways up. The risk to reward for this trade is also quite beautiful. We have a 2.6, which means this is definitely a trade I will take.
Anyway, enjoy the rest of your day and goodluck trading this week.
