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Ace Trading Academy - AUDJPY Analysis For Upcoming WeekIn this week's video, we went through each time frame of AUDJPY and reviewed last week's chart markups to compare to what we are seeing now. We analyzed Weekly all the way through 4Hr marking all the possible trading zones. Video Summary: Weekly: Saw the weekly support line which we turned into daily support for more accuracy. It's the red line holding up the chart from the bottom. Daily: Marked up the daily high, midpoint, and daily low. We also saw the Daily Support Zone Box where we saw a lot of liquidity happening in between the Midpoint and Lowpoint. Daily High(Resistance): 96.450 Daily Midpoint: 93.600 Daily Low(Support): 90.900 4HR: We saw the 4HR imbalance retest area around 94.350 if it were to retest up. Then we also saw a good Major Point for a great resistance area around 95.000. 2HR: In the 2HR we saw a resistance zone and if it breaks through we are looking for it to push for the 4HR restest areas. Ace Trading Academy Comment, Like, and Follow Ask for any more pain analysis!
by AceTradingAcademy
Ace Trading Academy - AUDUSD Potential Bearish BreakAUDUSD has been on a short bull run respecting the trend line drawn out on the chart. The price has broke below the trend line and is now retesting the trend line. If the market stays below the trend line after a retest be expecting a drop to the point marked on the graph (.70450). Wait for a close of the candle below the breakthrough point for entry! Stay patient and happy trading! Ace Trading Academy Like, Follow, and Comment Updates Posted Soon!
Short
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Ace Trading Academy - AUDUSD Precise Trading PlanAUDUSD is currently at a deciding point. The price has been bouncing from the .72000 to .73000 major points. It has recently pushed down from the .73000 back to .72000 and is now rising back towards .73000. As of right now we want to see an hourly candle close above the support zone and show confirmation towards the upside. Shown on the chart there is a 1 hour breakthrough zone marked out, we want to see price breakthrough that point and that will be confirmation for a buy going up. If price doesn't close above the support zone its at right now we could see a retest to the retest zone shown on the chart or a retest back to .72000 then a bounce up from there. Like, Follow, and Comment Will Keep You Updated With Future Trades Ace Trading Academy
Long
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Ace Trading Academy - Audusd Analysis Current Trading Plan 1HrAUDUSD has been bouncing between a support and resistance zone which is marked on the chart in the consolidation box drawn. We want to see AU break through the .72222 zone before entering any buys with a break and a retest. As of right now I wouldn't recommend trading inside of the zone wait for a break of either the top light blue zone or a break of the golden zone. On the break of either direction wait for confirmation going that direction. TP 1 for a buy is .72430 which is the black upper box. TP 2 for a buy is .72750 which is the purple box. Purple = Daily Zone Light Blue = 4Hr Zone Gold = 1Hr Zone Like, Comment, Follow Check out Linked Video for full breakdown analysis Ace Trading Academy
Long
by AceTradingAcademy
Ace Trading Academy - AUDUSD 30 minute analysis, chart patternCurrently on AUDUSD the 30 minute time frame is forming a shoulder head shoulder formation. How to trade this pattern is you wait for a break of the neckline which is the bottom line there and is labeled on the chart. Once the chart breaks and theres a candle close you can either enter there or wait for a retest of the neckline then enter off of that. Once it breaks the support box below we want to wait for a retest and enter for a sell going to the next support below or to the bottom of line of the channel it is in right now! Note: If it pushes above or to the top of the head in the pattern the SHS is not valid. If it does that wait and see if its going to bounce or push through the resistance zone. Be patient and wait for confirmations! Like, Follow and Comment Will be keeping updated analysis of the trading plan! Ace Trading Academy
Short
by AceTradingAcademy
Ace Trading Academy - AUDUSD Analysis Current Trading Plan 1HAUDUSD has pushed up from the support line I have drawn and said in my last post. Currently AUDUSD is making higher highs and higher lows so be watching for that pattern. AUDUSD is currently inside of a channel. Trade inside off this channel until you see a break of it. Expect it to touch the top of this channel then push down off of it. Once theres a break be expecting a retest of the channel then for it to continue in the direction it was going when it broke. Like, Follow and Comment Will be following AUDUSD all week with up to date analysis!
by AceTradingAcademy
2
Ace Trading Academy - AUDUSD Analysis Current Trading Plan Currently AUDUSD is pushing downward and we want to see AU atleast push down to the support line drawn out on the chart. At the point we will make another decision to see whether price will bounce off of the support going back up or push through the support line. If it pushes through the support line going down look for it to complete its whole move and push down to the 4 hour sell target box around .71000 Like, Follow and Comment Will be posting Updated Analysis for this trade as moves are happening!
by AceTradingAcademy
Ace Trading Academy - AUDUSD Sell IdeaAUDUSD had bounced down from the resistance zone and is now heading lower. Could enter now or wait for a break of the .71500 zone and wait for a close of the candle. If it doesn't break the .71500 line and retest back up to the resistance point be patient and wait to see if it bounces off the resistance point once more. Once the candle closes below the line which is drawn on the chart at .71500 look for AU to push to the bottom support zone around .71000, which is shown as a box, which will be completing its move. Like, Follow and Comment! Follow for daily accurate update on AU!
Short
by AceTradingAcademy
2
Ace Trading Academy - 1hr Current Trading PlanAUDUSD is current pulling back from its long push down. We want to see AUD push up to the Support/Resistance box around .71800 and make our decision there. Currently we will be using the box as a resistance box but if the market pushes through the box use the fib to see the possible retracements it could push down off of. If it doesn't push through the box and bounces off of it be looking for it to complete its push down and push lower around the area .71000. Will be updating once it gets time to make a move! Like, Follow and Comment to keep updated with AU and movements!
by AceTradingAcademy
2
Ace Trading Academy - Trading Zone & Trading Plan Currently 1HrAUDUSD has broke below and uptrend line and retested back to that same trend line and has bounced up and hit the resistance zone and is now bouncing back down to hit the support zone box it was at. Could enter for a sell now or wait for a break of the bottom zone which is the recent support zone box and for candle close. Once bottom zone gets broke make you could make your decision there and be looking for a retest once it breaks then a push down.
Short
by AceTradingAcademy
Ace Trading Academy - AUDUSD Analysis Current Trading Plan Right now AUDUSD is at a strong support/resistance but didn't break through it. It has bounced up off the support zone so we can see it retesting to the previous resistance zone seen in the box. Don't trade inside the zone unless you want to catch the retest to the previous resistance box. Overall downtrend so we are looking for sells currently but wait for the retest and push back down. Patience is key on this trade! Wait for a break of either zone to make a decision.
by AceTradingAcademy