After an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
AUDUSD recovery from 0.7100 takes clues from the upbeat RSI line to extend the heaviest daily rise in four months, suggesting further advances towards the monthly horizontal resistance near 0.7270-85. However, bearish MACD challenges the pair’s further upside past 0.7285. Even if the quote manages to cross the 0.7285 hurdle, a downward sloping trend line from...
It seems that the asset has travelled a lot in bearish trend and it is the time for the bulls to return, and as seen today i.e.; on Monday the bulls are returning.
No more selling; it's time for the correction in the market.
price is in channel
respecting key levels
price will go up
entry ;after breaking small trend line
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Sell limit @ 0.76003 TP 0.70325 SL 0.77590
Don't risk more than 1% of your account
Note :- Given trade is for educational purpose only . Trade at your own risk
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AUDUSD 4H TF
AUDUSD has been in a sideways channel in an uptrend,
The three corrective ways also ended recently, thus we can expect a nice up move
The RSI is at support and is also showing signs of reversal!
A nice entry can be taken now with a small SL at the previous low,
Keep a first TGT the top resistance, and a second TGT of TGT...
PRICE IS IN CONSOLIDATING AREA
price is respecting green trendline
Price break the trendline
Price is showing rejections at 4hour timeframe
ENTRY ; price break the structure low
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7385).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
