The 4 & 1 hour is turning up against the .6674 lows. While above there the pair can see a bounce to correct the cycle from the 1/26/2018 highs at .8144 where the daily right side is down.
The larger wave I lower from the .8135 wave (IV) highs from 1/26/2018 where the weekly & daily right side is down ended the cycle at .6670 on 10/2/19 . From there a wave ((W)) is in place on 12/31/19 at .7033 where the 4 & 1 hour are turning lower. While a bounce fails below there expect wave ((X)) corrects the cycle from the 10/2/19 lows.
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.
Hi Friends, AUDUSD trading near to the channel support, As per wave analysis B wave is going to complete. I am looking for wave C upside with target of 0.6835. ENTRY & EXIT SIGNALS LONG @ 0.6710 -- SL -- 0.6650 -- TP @ 0.6835
Hi, Traders 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 !
Support From Structure And The MACD Indicator Also On The Long Side As You May See In Pikture .
AUDUSD was on clear down trend from last week but today it got a firm support from fibo 50 % and support 61 of weekly pivot. If you see previous chart it has bounced from the same price 3 times in a row before breaking it in the current scenario if price breaks lower than 50%fibo the firs target be 0.7297 and 0.7214 in alternate situation a bounce above the...