


Hudondonch
AUDUSD H1 Intraday set up! As u can see the price broke above the range and retracing to test the broken level. Just watch how does the price reacts to that level. If the level holds and we see some patterns e.g. Pin bar, Engulfing we can go long. If the bribe breaks down with nice impulse and holds below, it can be treated as false break and go short.
As u can see, the price was consolidating for a long period of time more than 150 hours... As u can see on the bottom price gained some liquidity below and all the stops were hunted. Next we can wait for build up at the top near the resistance and enter on the breakout. Remember, Patience is a key, u need only 1 - 2 trades a week having a good R:R to make it...
Over all on the higher TF price made a double bottom and moving to the upper boundary. Wait for the build up at the resistance and buy on the break out.
EURUSD WEEKLY OUTLOOK. As u can see from the chart, the price is respecting 20EMA, and the trend line is formed. A couple of days the price was in consolidation and ready to explode up. Stay tuned. Very soon we will provide more detailed outlook and valid trading setup.
As you can see from the chart above, the price was in the retracement phase, but on the last week it could break the MS to the upside, take off previous highs and break through the consolidation zone. This week we expect a little pullback to the breaking point of the trendline and retest the support zone, which was a resistance in the past. Stay tuned. We will...