Aud-usd-short
AUDUSD BEARISH POSSIBLE 70 PIPS!! This is my view over this pair right now, AUD gainned some strenght last week and confirmed the break-out of the descending channel! Now testing a major resistance line.. lets see how it behaves! My first opinion is scenario B ! But we are ready for either one!
Whats your opinion on this pair? Let me know in the comment session!!
Also, if you want to join me and other traders in a chat room where we discuss all pairs and every analysis, just join us on Telegram!
t.me/tradingbayfx
AUDUSD WILL MOVE SOUTHThe price broke out a few times out of the daily resistance, but always came back again.
The H4 trend channel was broken.
The price also made 2 equal highs and the third one was a lower high then the previous one.
We can also see now, that the price not only made a lower high, but also a lower low.
TP is located i the lower H4 zone. SL is above the last big spike.
AUD/USD Short Mid termAs the AUD rises to higher and significant levels combined with the high possibility of the USD interest rate cut to prop up the economy there is a possible reversal on the way.
I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected.
Disclaimer; I'll be waiting for the US markets to open and confirm the trend reversal before committing to the trade.
Aud/Usd Long term Short .Hi All ,
As Westpac predicting a rate cut this year , & Us-China trade deal , My opinion is to sell every high on Aud/usd Using TS .
We have a H&S pattern on Daily & fundamentally AUD will struggle this year .
Best is to enter a short from the re-test of the right shoulder and sell hard .
Good Luck .
AUDUSD - Weekly Chart AnalysisPrice is nearing a major area of support. Over the next several days I suspect that weekly support (.737) will be reached. Ideally, I would like to see price continue to move down through this level but there is a high chance that there will be a slight bounce back to the upside before further continuation to the downside. There was not enough long-term bullish momentum to confirm bias from short to long as all EMA’s did not cross. Price only traded above them for some time then reversed. Historically, price has had choppy trading in this area, but if we can confirm long-term bullish movement for the dollar, I don't think that will happen again.