I have been keeping an eye on this pair this week and we are now at an important area. We have a reversal on the resistance line (1.53572). This may be our sign to go short. However, I am keen to wait until the employment rate has been announced at 13:30 GMT, as this may be the catalyst for the price to continue falling or possibly turn bullish.
As we can see from this 1D chart, AUDUSD is sitting at this key downtrend resistance level. I would like to wait for either a break of this resistance level to buy or a reverse of this resistance and sell to aim for our first target level of 0.7600. If we meet 0.7600 we could either see a bounce back up or a break and see the price decline more. I am just a...
Have a formation of a descending triangle here. Will wait until I have a break on the support line.
This pair is heading to a major resistance level. I will now await either a break or a reversal.
Broken ascending triangle. See a little more potential long on this pair then should either reverse or break through the target level
Been a great week trading AUDUSD. We got a final buy on it late afternoon today at 0.75300 and closed at 0.75800.
Descending triangle. Awaiting a break to the down side. Looking to hit the target level 108.570. I am just learning.
Following up our last buy on Gold we can now see a triangle forming. Awaiting a breakout, possibly bullish.
Bought just as the daily resistance broke. Waiting for price to touch next resistance level. I'm just a learning trader putting my knowledge to the test. Open to ideas.
Currently in consolidation as pointed out with the shaded box. We have a couple of dojis possibly indicating the end of a bearish run. The 200 EMA has also been broken. I will wait for further conformation before I place a trade. Price will need to a break back above the 200 EMA and the uptrend support line to place a buy. Comments are appreciated, I am just...
Possible visit to 0.5 then bearish from there crossing 0.382. Leave me your thoughts in the comments. This could also go to complete opposite way and go bullish after crossing 0.5.