only expecting after a correction and breaking the structure
Trading in consolidation phase and ready for up breakout for new TP=0.762/0.767
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7598). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which...
Reason for selling AUDUSD Fundamental factors are supporting the USD as the recent inflation figure beats the expectation 4.16% which causes the buying of USD against major pairs. It has reached lower trendline area.Sell AUDUSD when it reaches around the .618 Fibonacci level and primary target would be 1.272 Fibonacci. AUDUSD #audusd Sell limit @ 0.77770 Take...
AUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000 Confirmation: -------------------- (i) Already in a downtrend (ii) Double/Tripple Top chat pattern formed & fall (iii) Short term uptrend line break (iv) symmetrical triangle pattern break USE ONLY 2% OF CAPITAL PER TRADE
AUDUSD Sell Setup Found For Scalping
Audusd has formed a head and shoulder pattern and the current pricehas broke the neckline trendline. Shorting opportunity Please do your own analysis before taking any trade
AUDUSD upcoming forecast for the upcoming week. NFP this Friday so be careful trading. I will waiting for more PA to develop before entering.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7668). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
AUDUSD BROKE ITS LAST RESISTANCE LEVEL AND NOW IT TESTING BACK THE AREA AS A SUPPORT ......THE PULLBACK IS COMPARATIVELY WEAK THIS COULD BE A GOOD OPPORTUNITY TO ENTER INTO A LONG POSTION
analysis mentioned on the chart
On a larger degree front , AUDUSD made a 3 down & 3 up wave formation which suggests that a FLAT pattern is in formation,as long as it maintains below the previous highs. An ending diagonal is forming on lower degree as wave-c which suggests that the 3 up formation is going to exhaust . We should see a five wave down rally if the flat corrective pattern is forming !
Australian Dollar against USD, looking weak , it might finish the week by reaching the the price of 0.71800 area..