Sell opportunity in audusd, tell me in the comments if you agree.
❇️ AUDUSD CHART 1) Check AUDUSD WEEKLY CHART 2) CHART U CHECK ALL RESISTANCE SUPPLY AND SUPPORT DEMAND AVAILABLE 3) NOW RESISTANCE SUPPLY 0.67180 4) NOW SUPPORT DEMAND 0.61050 #EDUCATION_IDEA
ELLIOT Wave(Final Wave) =H4 78.6 FIB Swing Previous High to Low(Weekly Timeframe) Hitting Major S/R on High Timeframe
tight entry and stop require but target can negotiate!
bigger the time frame, more is the probability of success of price action. An intraday position can be taken in AUDUSD after it breaks the previous high. It is already respecting the upper zone as floor after its breakout. the first target is in the ratio of 1:1 with the Stoploss(which is not a wise ratio, but it is a crucial level to watch). If the first target...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.657). 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 price is above the 21-Day WEMA which acts as a dynamic support....
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We have the first wave of the W-bottom pattern right here. You can see that this is the actual move to the down side from this high. Then we have the second wave of the W-bottom pattern right here. And then we have the breakout when we break with this neckline. Now like we said before, this is not a countertrend trading strategy.
Short AUD USD as it formed a H&S on the daily, wait for the retracement to the neckline and short