AUDUSD Forecast IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
Trading in consolidation phase and ready for up breakout for new TP=0.762/0.767
Going for buy after a deeper correction in the lower time frame. Will look for another entry even if stop hits.
Don't miss the opportunity.
We have a 5 Wave upward Impulse complete which is followed by a Correction which is a Flat. Hence this 5 Wave upward Impulse becomes a Wave 1 and the Flat structure becomes a Wave 2, both are complete and hence now we have The Wave 3 in the Long Term hence overall the Trend is Upward. This Trade is for the Long Term Investors Over a Decade and above we...
Prices have been back from 0.65600 levels twice and the triangle formed is holding a strong support line. Today, prices have fallen in the Asian sessions but recovered some upward strength. Also, 0.64322 have Bollinger bands support and trend line support. From here, prices may test 0.65600 and above levels again as RSI is pointing to an upward movement, and if...
We are getting a bullish movement in audusd. On the daily chart, we can see the trendline is supporting. So, it's pointing that the trend channel must be followed. So, from this view, we can take a long position, with stop at - 0.63500 and take profit at 0.6700 A good risk-reward ratio we getting here. BEST FOR SWING TRADE!!!!! Thumbs up :)
HERE IS A GOOD BUYING OPPORTUNITY EMERGING AGAIN IN AUDUSD PAIR. IT'S BULLISH GUYS, WE CAN TAKE A LONG FROM HERE TO TARGET OF 0.65300 ANOTHER BULL RALLY WILL BE HAPPENING SOON. :)
AUDUSD has rebounded from the falling wedge pattern in which it has been moving from past one year. The bounce was supported by the positive divergence between the price and RSI indicated by blue lines. The upwards thrust can bring the prices to 0.68676. The stop loss for the entire trade will be at 0.66582.