#07500

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-audusd-buy-at-0-7500

Trade Idea: AUD/USD - Buy at 0.7500

AUD/USD – 0.7561

Recent wave: Wave 5 ended at 1.1081 and major correction has commenced for fall to 0.7000 and then towards 0.6500-10

Trend: Sideways

New strategy :

Buy at 0.7500, Target: 0.7660, Stop: 0.7440

Position: – Target:  – Stop:-

As aussie has maintained a firm undertone after recent rally, suggesting recent erratic upmove is still in progress and may extend further gain to 0.7600, then 0.7650-60, however, loss of upward momentum should prevent sharp move beyond 0.7700-10, risk from there has increased for a retreat to take place later.

In view of this, we are looking to buy aussie on pullback as 0.7500 should limit downside. Below 0.7493 support would risk test of another previous support at 0.7449 but break there is needed to signal top is possibly formed, bring retracement of recent rise to 0.7400 first.

On the 4-hour chart, the move from 0.8066 is the wave 5 with i: 0.8860, ii: 0.8315, wave iii is an extended move ended at 1.0183, iv: 0.9706 and wave v has ended at 1.1081 (also the top of entire wave 5). The subsequent selloff is the major correction which is unfolding as ABC-X-ABC and 2nd A leg has ended at 0.8848, followed by a-b-c wave B which ended at 0.9758, hence, 2nd C wave is now in progress and indicated downside target at 0.7000 and 0.6950 had been met, so further fall to 0.6710-20 cannot be ruled out.

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-audusd-buy-at-0-7500

Trade Idea: AUD/USD - Buy at 0.7500

AUD/USD – 0.7561

Recent wave: Wave 5 ended at 1.1081 and major correction has commenced for fall to 0.7000 and then towards 0.6500-10

Trend: Sideways

New strategy :

Buy at 0.7500, Target: 0.7660, Stop: 0.7440

Position: – Target:  – Stop:-

As aussie has maintained a firm undertone after recent rally, suggesting recent erratic upmove is still in progress and may extend further gain to 0.7600, then 0.7650-60, however, loss of upward momentum should prevent sharp move beyond 0.7700-10, risk from there has increased for a retreat to take place later.

In view of this, we are looking to buy aussie on pullback as 0.7500 should limit downside. Below 0.7493 support would risk test of another previous support at 0.7449 but break there is needed to signal top is possibly formed, bring retracement of recent rise to 0.7400 first.

On the 4-hour chart, the move from 0.8066 is the wave 5 with i: 0.8860, ii: 0.8315, wave iii is an extended move ended at 1.0183, iv: 0.9706 and wave v has ended at 1.1081 (also the top of entire wave 5). The subsequent selloff is the major correction which is unfolding as ABC-X-ABC and 2nd A leg has ended at 0.8848, followed by a-b-c wave B which ended at 0.9758, hence, 2nd C wave is now in progress and indicated downside target at 0.7000 and 0.6950 had been met, so further fall to 0.6710-20 cannot be ruled out.

New Post has been published on https://worldwide-finance.net/analysis/trade-idea-audusd-buy-at-0-7500

Trade Idea: AUD/USD - Buy at 0.7500

AUD/USD – 0.7561

Recent wave: Wave 5 ended at 1.1081 and major correction has commenced for fall to 0.7000 and then towards 0.6500-10

Trend: Sideways

New strategy :

Buy at 0.7500, Target: 0.7660, Stop: 0.7440

Position: – Target:  – Stop:-

As aussie has maintained a firm undertone after recent rally, suggesting recent erratic upmove is still in progress and may extend further gain to 0.7600, then 0.7650-60, however, loss of upward momentum should prevent sharp move beyond 0.7700-10, risk from there has increased for a retreat to take place later.

In view of this, we are looking to buy aussie on pullback as 0.7500 should limit downside. Below 0.7493 support would risk test of another previous support at 0.7449 but break there is needed to signal top is possibly formed, bring retracement of recent rise to 0.7400 first.

On the 4-hour chart, the move from 0.8066 is the wave 5 with i: 0.8860, ii: 0.8315, wave iii is an extended move ended at 1.0183, iv: 0.9706 and wave v has ended at 1.1081 (also the top of entire wave 5). The subsequent selloff is the major correction which is unfolding as ABC-X-ABC and 2nd A leg has ended at 0.8848, followed by a-b-c wave B which ended at 0.9758, hence, 2nd C wave is now in progress and indicated downside target at 0.7000 and 0.6950 had been met, so further fall to 0.6710-20 cannot be ruled out.