Forex Pairs Analysis

[prabhanshuraman]

AUDUSD is forming rising wedge pattern and broke down below 0.73683.

One can initiate short trade:
Sell at - current price: 0.73606.
Stop - 0.73800
Tgt 1 - 0.73450
Tgt 2 - 0.72983

Target 2 also met and this pair made low of 0.72930 aprx and currently trading at 0.73127. Those who have not booked yet, i advise to book shorts at current price.

 

[prabhanshuraman]

Back from hectic office schedule....let me chk few pairs if I get any trading opportunity....

 

[prabhanshuraman]

AUDUSD - Trade

AUDUSD in 1hr timeframe is making falling wedge pattern with +ve divergence in RSI.

Breakout from this pattern is at 0.72165.
Current Price 0.72169.

Buy at current price 0.72169,
Stop 0.72061
Tgt1 0.72374
Tgt2 0.72711

 

[prabhanshuraman]

Here is the chart. See the follow up of prices after breakout.

 

[prabhanshuraman]

AUDUSD in 1hr timeframe is making falling wedge pattern with +ve divergence in RSI.

Breakout from this pattern is at 0.72165.
Current Price 0.72169.

Buy at current price 0.72169,
Stop 0.72061
Tgt1 0.72374
Tgt2 0.72711

Current Price - 0.72740.

Both targets met....if anyone has taken, can book full profit.

 

[prabhanshuraman]

GBPNZD - Long Position

Hi,

GBPNZD pair has broken falling wedge on upside (chart attached).
One can initiate long position (long trade already triggered) in this pair per below levels:

Buy at CMP: 2.29959
SL: 2.29533
Tgt1: 2.30798
Tgt2: 2.32163

 

[prabhanshuraman]

hey people....hope all are doing good with their trades