Hello Traders!
1. We see an Elliotical rising wedge completed.
2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down.
3. A retracement of 61.8%.
4. The invalidation level and target levels have been marked on the chart .
5. This is not a very long term trade ....
BUY : 39 TO 25
TARGET : 140 TO 156
Reason For Selling This Script :
In this script the price is falling in down trend channel. Now the price is in side way moment once price close above 47 in monthly time frame and the target level given above.
Technical Analysis Used :
Monthly time frame analysis
Down trend channel analysis
Note :
Above given levels are...
AUDUSD Sell Trade opportunity
Currently, the market is on the Fibonacci 0.61 level, there is a bearish candle indicating that it is a good level for a retracement. I am expecting that the market will retrace to the next support level indicated on the chart.
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
SELL BELOW: 1979
TARGET : 1039
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 1979 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take...
Despite the AUDUSD pair’s south-run on the downbeat Aussie jobs report, the pair trades successfully inside a 3.5-month-long upward-sloping trend channel. That said, the overbought RSI highlights beyond an ascending trend line hurdle stretched from mid-November and the 61.8% Fibonacci retracement level, respectively near 0.7015 and 0.7090 as near-term key hurdles....
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
AUDUSD SELL (11.02.2023)
Recap of a trade i took today, audusd sell on m15 tf
this is one classic high probability setup that i mostly look for.
bullish orderflow -> bsl grab -> target ssl
entry criteria: 0.5 fib level of m15 OB
exit criteria: m15 OB before bullish BOS
total r: 6RR
AUD/USD case study
-Price did come back into the demand zone
⁃ Price is not approaching the 4H supply zone
- It has been a lot of imbalance when buyers are in control
On Friday, AUDUSD offered the first daily closing beyond the 200-DMA, as well as a downward-sloping trend line from June, despite an upbeat US jobs report. The upside momentum recently crossed multiple hurdles surrounding the 0.6900 threshold, as well as the tops marked during early September 2022 near 0.6915, which in turn suggests the pair’s run-up towards the...
