Time to take a LONG entry on AUDUSD based on below price action: Confirmation: ------------------ (i) Nice bounce back from multiple support area 0.77000 (ii) Short term downtrend line break (iii) Market already in a range with multiple respect on the same R/S area TAKE ONLY 2% RISK OF CAPITAL PER TRADE
According to my analysis AUD USD going to be bullish Soon. Possible, 1st resistance near: 0.7807 2nd resistance and Supply :- 0.7970 There is a trendline from Higher timeframe Demand near:- 1nd;- 0.7694 2nd;- 0.7648 And AUD/USD net short retail sentiment is high. So smart money may take long side. Hey what's your thoughts...
Om Namah Shivay If validations are in place, a prospective up movement expecting. This is for educational purpose only, No trading suggestions provided. Om Namah Shivay
Om Namah Shivay The AUD seems getting stronger in an impulsive manner. Om Namah Shivay
I will go LONG on AUDUSD because: The price is forming a Chanel or Rectangle Pattern . The price is also under Support/Resistance zone. It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 0.76966 Target -...
GO GET YOUR PIPS...I ADVICE RISK 1% ONLY.. TRADE AT YOUR OWN RISK, MAKE SURE ITS IN AGREEMENT WITH YOUR OWN ANALYSIS..
I will buy AUDUSD because : It has been taking support at the trend line . So will be looking at buying opportunities. Entry : 0.75318 Target : 0.7572 Stop loss : 0.752
Looking like Ascending Triangle, will be a high probability setup.
We know this is the WAVE 3 forming on the Higher Degree hence we know on Lower Degree we will get a 5 Wave Impulse structure; This is the Wave 1 of the WAVE 3 of Higher Degree, we clearly see that the 5 Wave Impulse structure is complete and hence new will have Correction, whenever there is a Correction formed the Price retraces till the latest Fresh Demand...
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...
Trading suggestion: There is a possibility of the uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: AUDUSD is in a range bound and the beginning of uptrend is expected. The RSI near 50. Take Profits: TP1= @ 0.74009 SL= 0.72454 Risk reward ratio = 1 : 3 ❤️ If you find this helpful and want...
All traget achived nicly. 3rd time will be 76772. buyers accoupied 68075 Aim 0.76722 check my previous chart .. its helpful support and comment
I have been buying AU since the bottom of this zone, but I am just showing you how this pair will play out according to my analysis
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 :)
Buying AU as it breaks structure and goes higher