💡Don't miss the great sell opportunity in AUDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 77.46
TP2= @ 76.96
TP3= @ 76.50
TP4= @ 75.42
TP5= @ 74.90
SL: Break Above R2
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AUD (Australian Dollar)
NZD to get better over AUD1.056 has acted as a good support for the currency pair, but it went a little below the support line bus is now retracing back in inverted head and shoulder pattern..
good to go long above 1.057 after 2 hour close above the entry point. for good 100 pips.. wait for the entry level
sl: 1.0510
📚 Learn More 💰 Earn More with us: FLAG = Impulse + Correction📚 LEARN MORE
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FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
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💡 Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0515). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.0660
TP2= @ 1.0760
TP3= @ 1.0815
TP4= @ 1.0890
TP5= @ 1.1045
TP6= @ 1.1455
SL= Break below S2
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EUR looks better over AUDEURAUD pair has consolidated good near the July support zones and is not looking for reversal.
RSI is showing the gain of strength and over all the Euro Index is showing positive signs.
on late Friday it broke the 5 day long trendline and now gaining strength.
on hourly it has formed a reversal inverted head and shoulder pattern. and on 4 hourly it has made a good double bottom
recommend to go long now 1.621 with a sl of 1.612 for the targets of 1.6265 .. 1.633 .. 1.655
💡Don't miss the great sell opportunity in GBPAUD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.8012).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 1.7862
TP2= @ 1.7787
TP3= @ 1.7694
TP4= @ 1.7500
TP5= @ 1.7292
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDCAD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.95040).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 0.9456
TP2= @ 0.9457
TP3= @ 0.9435
TP4= @ 0.9396
TP5= @ 0.9355
SL: Break Above R2
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💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.6240).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.6406
TP2= @ 1.6458
TP3= @ 1.6571
TP4= @ 1.6684
TP5= @ 1.6812
SL= Break below S2
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💡 Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9515
TP2= @ 0.9480
TP3= @ 0.9434
TP4= @ 0.9372
TP5= @ 0.9300
SL: Break Above R2
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📚 💰 Ascending Triangle in AUDCAD - "Learn More Earn More"📚 LEARN MORE
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern.
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows.
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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💡Don't miss the great sell opportunity in AUDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.957). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.9545
TP2= @ 0.9522
TP3= @ 0.9480
TP4= @ 0.9445
TP5= @ 0.9410
SL: Break Above R2
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💡 Two buy opportunity in AUDCHF, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6428).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.6595
TP2= @ 0.6715
TP3= @ 0.6815
TP4= @ 0.6881
TP5= @ 0.7020
SL= Break below S2
-------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6493).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.6585
TP2= @ 0.6623
TP3= @ 0.6677
TP4= @ 0.6740
TP5= @ 0.6818
SL= Break below S2
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💡Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.061). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 1.0663
TP2= @ 1.0690
TP3= @ 1.0722
TP4= @ 1.0760
TP5= @ 1.0832
SL= Break below S2
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