Breaking News

AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.75307, 0.75446, 0.76000.

Key Support Levels: 0.75114, 0.74962, 0.74500.

1-Hr Chart:

The price on the higher time frame left a huge wick to the downside showing a sell climax and the buyers took control of the market. This was shown by a series of higher highs and lows until it broke the key resistance level (now support). A Correction has been seen to this area where we expect now a new impulsive wave toward the next key resistance level.

AUD/USD Medium-Term Trend: Bullish

5 Mins Chart:

On the lower time frame, the pair succeeded to break the bearish channel formation to the upside after posting a double bottom. A lower correction is expected to the support area before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 0.75117

TP 1 @ 0.75283

TP 2 @ 0.75446

Stop Loss @ 0.75034

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. Hi there, when usually the buy limit or sell limit not triggered? So I Can set the exparation of buy or sell limit at MT4… some times the signal canceled when i sleep (cause i lived in Indonesia)

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!