My Idea on AUDUSD for this week it can be two different ways I'm looking for a W pattern but first I'm expecting to see if the market fills up the wick before shooting up to the downtrend line resistance Zone if we break the Yellow or the wick fill zone we going to go to the downside lets keep an eye on this one
Audusdbuy
AUDUSD bullish, potential rally to and above 0.6763AUDUSD is currently in consolidation and showing some bullish characteristics. It will be interesting to see if we can get price to trade below 0.6702 for a potential long to and 0.6763. In the event, we trade to 0.6763 before breaking the 0.6702 low, the trade is not valid.
If we trade below 0.6702 we shouldn't see the range low taken out and if it is then the trade at that point will be null.
AUDUSD to reverse from downside confirmation, potential drop!
AUDUSD to reverse from its downside confirmation at 0.67124 where it could potentially drop further to 0.66840.
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AUDUSD Seems like finished A leg of ABC correction I think AUDUSD had finished A leg of an ABC Correction and now we can go long with good risk to reward ratio.
You can trade based on your own confirmation around the area.
We also provide daily comment of any changes depending on wave count.
For now :
Entry Point : 0.6735
Stop Loss : 0.6705
Take Profit : 0.7030
Note: follow my updates for possible change of the setup in future depending on price action and wave count
AUDUSD Bullish Trend with 2 TP Options I am posting this chart hoping to see FX:AUDUSD remain in an upward trend.
This charting is based on Trend lines (Shown in yellow) as well as long term support found in the blue rectangle
The blue rectangle has been an area of support for FX:AUDUSD in the past for higher time frames.
This most recent turn of the market towards a bullish market is a good confirmation to me that I would be looking to buy
I've listed 2 TP Options at
0.70140 (160 PIPS)
0.70650 (200 PIPS)
My Entry would be in the range of 0.68385-0.68845
I would expect a little hesitance around 0.69285 before pushing towards TP options
This is not a recommendation to take this trade based on my charting, & for educational purposes only