#AUDUSD is moving in the Descending channel and the market has reached the lower high area of the channel
Since the Queen also ruled over Australia, her death brought uncertainty to this island nation as well. Australians are now debating whether they even need a monarch to rule their nation. They don’t believe that the monarchy plays much of a...
Hello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
On AUDUSD daily i would wait for the market to hit my POI for short, till POI the bias remains bullish. i will be looking for LTF distribution at POI for confirmation to sell. Do share your views in the comment section.
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Points to consider for Sell Set up:
Price has broken downwards from the DAILY BEARISH FLAG PATTERN.
Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%)
Price Rejection is observed on the Higher Time Frame (HTF)
Overall, AUD/USD is ranging across.
The Australian employment data released yesterday indicated a slowdown in jobs creation and unemployment rate continued to decline in December.
Employment Change (Actual: 64.8K, Forecast: 60.0K, Previous: 366.1K)
Unemployment Rate (Actual: 4.2%, Forecast: 4.5%, Previous: 4.6%)
The Australian flash PMI data will be released...
After falling near the level of 0.74800 AUDUSD has found its bottom near the level of 0.717000. If we observe carefully we can see an inverse Head & Shoulder pattern whose neckline has been broken decisively in today's session. From the perspective of Elliottwave analysis , we can see a Leading Diagonal & a three wave correction followed by a rally above the...
As I said last weeks ...as I said AU is in a very strong area where it has been in range for a few weeks ... but as long as it is on the trend line , I will keep the SELL idea until the 0.74990 area and from there ... I will reanalyze!
THIS WEEK...as I was saying since April 2021 ... AUDUSD went down and made the 800 pips we were talking about, reaching the 2nd...