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If a M15 close above 0.9800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.9500 sell only and do not buy. If price closes back above it again do nothing
The range 0.9800 and 0.9500 is neutral area, any trade done in between is personal decision and not part of this analysis
If a M15 close above 0.9800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.9400 sell only and do not buy. If price closes back above it again do nothing
The range 0.9800 and 0.9400 is neutral area, any trade done in between is personal decision and not part of this analysis
if the price can move up to a point 0.98 it is a prompt to buy mounting position. and if the price is still not touched. trend movements in the position down. will close down 0.94 points
use risk management to the installation of stop loss. regards profit
Aussie struggles to hold above 0.9700 round making highs for the Asian session at 0.9713 now crawling back below the round figure at 0.9687 as selling pressure mounts and USD longs across the board step in even pushing USD/JPY higher lifting the AUD/JPY cross from the double low at 75.79 to current 76.03.
as it's showing now on the chart the pair is trading now above the level of 0.9800 , so when ever the pair success in breaking 000 and close 1hour candle under it , that's mean the down trend will be assured and the pair might head to 0.9767 on continuous down movements base , good luck .
break of previous minor low in the 1 hour chart on hourly close .
no need to change anything in previously angaged short positions
The latest break and close back below parity further solidifies our core bearish outlook and now opens the door for an acceleration of declines. From here wee see risks for a complete and full retracement back to the October lows at 0.9385 and any intraday rallies should now be very well capped below 1.0000 on a daily close basis. The next short-term level to watch below comes in at 0.9620 and we will see if the market can establish below over the coming sessions
Pair opened on upper gap. then rallied to 9874 R3 and pulled back to R2.
today range almost 100 pips so any rise we can go short putting in considerations the Market's gap.
If a M15 close above 0.9900 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.9700 sell only and do not buy. If price closes back above it again do nothing
The range 0.9900 and 0.9700 is neutral area, any trade done in between is personal decision and not part of this analysis
the trading now above the level of 0.9900 will make the uptrend expected and the pair might continue in it's upmovements heading to 1.0000 and and that's before bouncing from the resistance levels , good luck .