KForecast is Looking for long in script AUDUSD.
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While the price is above the support 0.7020, beginning of uptrend is expected.
We make sure when the resistance at 0.7445 breaks.
If the support at 0.7020 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
0.7160 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses minimum to Buy Zone (0.7085 to 0.7020) is...
If AUDUSD gonna break above this bearish trendline then we gonna go long otherwise short.
Personally expecting it to Continue the bearish momentum.
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It ranges from MPP to YPP since last month.
If it is assumed that the moon starts moving since the moon has changed, it will be the flow that aims at shorting from here again.
<< tactics >>
1) Consider a short entry when MPP (P) functions as a resistance line.
The first limit is WePP (P) 0.73924
The second limit is WePP (S1) 0.73423
WePP will be updated on...
AUDUSD is poised and should be closely watched for the following trades.
Only risk 2%.
Put 1% in on Breakout on either side and then add the rest 1% after a pullback.
Both trade setups offer very good risk and reward.
With so many important events for USD, big movements may happen. Keep risk in control and try to take benefit of movement on either side.
The rise of audusd temporarily ceased due to MPP (P) 0.74689 and WePP (R1) 0.74786.
If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase.
However, the penetration to YPP (S1) remains as difficult as the previous idea.
Most recently I will consider transactions with a story aiming for YPP (S1) attack.
1) MPP (P) 0.74689 and...
It have temporarily updated the latest low of 0.74126 this week.
Recently, the resistance line works smoothly and it goes down one step, so if you go as it is, it will be the trend price since 2015.
There are four lines that become the barrier. (There are many)
1) MPP (S2) 0.73356
2) YPP (S1) 0.72900
Audusd has a complex corrective structure in which market is moving towards to Z wave. Taking any long position above the price of 0.8130 is very risky. Be aware !
Currently looking for a flag correction which is almost developed.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
So Crab Pattern is Taking Shape !!
and Potential Reversal Zone is Already a Strong Resistance Zone
So Lets Wait !
IF and ONLY it Take a Shape.. Test PRZ top Line
Hit the Sell Button !!
wish you Luck !!
and 1st Target and 2nd Target is on Chart.
n I have Already Shown a Resistance Zone
Happy Hunting ;)
HI GUYS THIS IS EDUCATION PURPOSE ONLY
AUDUSD LONG SETUP KEEP WATCH BREAKOUT AND BUY 0.76894
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if...