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AUDUSD in consolidation mode after rising above 0.7130 level. An hourly close under 0.707 expose support at 0.70. Alternatively, a reversal above 0.7130 clears the way for a test of 0.7185
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After the huge 450 pip sell off following a false break above 1.2450, it looks like the bounce from the lows of just sub 1.2975 are finding resistance at 1.3070. We have fallen back as far as 1.3020 (50% Fibonacci)from the lows to highs of the last move.
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With weakness in the dollar and less than desired news out of the US the Aussie is fighting back, Looking to get on this run
looking for a retrace to the 61.8 level with stop just below the 50 keeping our risk to reward 1:3.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
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The pair is in a short-term downtrend marked by the lower highs, lower lows, and the diagonal in red. Also, the pair is currently trading below its 20-hour SMA. A short position can thus be open close to that diagonal. A potential take-profit target would be the 200-hour SMA (in green). Protect your position with a stop-loss right above the diagonal in case of an upside breakout.
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The fx pair is in a correction. Just how it was said yesterday the market may move to a bigger TF. And this is just happened. Against the last day expectation this is a H2 or H4 correction and some kind of range has developed. The two strong down move are also supporting this and therefore it is OK to expect another bigger down move in a channel stile way fallowing the rule of alternation. To trade this first LONG position can be taken with the minimum TP of the yesterday’s last lower high or R1. After good to look for SHORT again with the TP of S1 or S2.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
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Sell the Cypher completion into the supply zone.
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After yesterday’s strong collapse, EUR seems to be pausing and forming at least a temporary range. I recommend a Buy trade, since the price is near a bottom of the range, with a TP target just below the top of the range, for a 1 : 2 R : R trade.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair begin to move downward after a correction. The question is what will happen after the H1 continuation. Will the movement continue? Or will the continuation signal be an anti-signal and the market turns upward? On H4 there are support to a bear move. This means more percentage about to take SHORT positions. And the TP will be just a little bit under S1 mainly around S2.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #traders #fxtraders #trading #fx
This week the bear market of the GBPJPY pair continues, after last week’s correction. After the analysis we can see the price penetrating and breaking the only support at 168, 80. We are waiting for the period to close below support, and we go short at 169, 75 setting our take profit at 169, 00, above Fibonacci expectations and our stop loss well above our last support which will turn to our first resistance after the breakout.
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Buying EUR/AUD Pair, as we can see on the M15 chart. Price action is outside lower Bollinger band, RSI at 25 already at oversold conditions as well as on M30. Stochastic indicator as well showing room for the downside is already limited. A potential reversal could occur anytime soon with price action correcting to the upside for the short term.
With the continued dollar weakness we are looking to go long against it with the Aussie waiting for a pullback to the 50% fib which lines up with the 100 MA. Keeping our risk to reward a minimum of 1:3
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EUR/AUD has been on a downtrend since Oct. 2, when it peaked after the NFP report came out. The pair has reached a peak at the moment at 1.5759, and the technical indicators have reached overbought levels on M15 and M30, Shorting the pair as price action is around upper Bollinger band on M30 and H1, and a correction should be drawn soon. RSI reached 72 on M30 and the stochastic indicator has began to drop, as we can see the crossover down below on the M15 charts.
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- At Pivot, price consolidated and recover. Go Long at this level. SL at 112.60. TP at R2
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EURUSD building up the momentum towards upside in 1hr chart. For a buy opportunity, wait the market to close above R1 1.12295 for a 1:1.5 Risk to reward. #eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
- At Pivot, price consolidated and recover. Go Long at this level. SL at 120.10. TP at R2
- Or, at S2, price broke through strongly. Short at this level. SL at 120.30. TP at S3
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USDCAD due for a relatively big move. Taking the trade with the trend, wait for the market to close below S1 1.3038, before taking a short position for a 1:2 risk to reward.
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Entry BUY on a correction/pullback above the pivot point. The main trend is bullish on multiple TF.
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After breaking its upper trend channel, the pair is now consolidating within a falling wedge. Currently, the pair is very close to the upper line of this wedge. A short position can thus be open as a continuation of the consolidation is likely to occur. Place a stop loss right above the upper line of the wedge in case of an upside breakout.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
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