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Audusd_short

AUDUSD TRIANGLE BREAKOUT INSIDE A CHANNEL???AUDUSD Price has been travelling in a triangle as shown above, however we have just seen a breakout to the downside. Price has already made its way back up to retest the triangle and now we are expecting some short opportunites. HOWEVER Price has also been travelling in a horizontal channel and price ATM is in the rather large support zone of this channel, giving some bullish bias. We have managed our risk and we are going for short as more confirmations line up , such as the fibonacci retracement zones when you go deeper into price. OUR TARGET IS MARKED OUT ON THE CHART!
Short
by UnknownUnicorn2396129
AUDUSD - great opportunity potential SELLAUDUSD arrived to it's supply zone.. Look for a short opportunity as close to 0.73 area. wait for bearish formation before entering the trade. Great RR , it's a good opportunity for a real trader. Also forming a minor bearish divergence :) EURUSD is also in supply zone.. visit my chart. You can TP at on your choice or i personally recommend at least 1:! ration.. Please hit LIKE to support, share and follow for more ideas. PS: Trade isn't active as of now. i might enter on Monday.. Vinny
Short
by VinnyTheTrader1
5
AUDUSD - Daily Chart AnalysisRecent Price Action: Bullish Pattern: Rising wedge (short-term correction) Long-Term Momentum: Bearish Short-Term Momentum: Bearish Bias: Short Action: Potentially enter short position after price breaks 4H trend support. Otherwise, wait until price closes and tests trend support on the daily chart. Comments: Price had a strong retracement after a huge sell-off. Price was able to test the 29 EMA but failed to continue to push higher after. The red candle that closed above the 29 EMA indicates major indecision and is often followed by a reversal which we are experiencing now.
Short
by tradingwithyg
AUDUSD testing major resistance, prepare for a potential drop!AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
AUDUSD approaching profit target nicely, prepare to buyBuy above 0.7537. Stop loss at 0.7496. Take profit at 0.7629. Reason for the trading strategy (technically): Price has continued its drop perfectly towards our profit target. We look to buy above major support at 0.7537 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7629 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,3,1) is seeing support above 1.3% where we expect a corresponding bounce from.
Long
by MEX_Exchange
AUDUSD H4 *Short Opportunity*When markets open this evening I will be looking at shorting the Aussie Dollar down to the daily trendline, as this has been respected a few times in the past couple of weeks, this will most likely be an intra-day swing trade to get in and get out. Only because of RBA releasing minutes on Tuesday followed by a speech from Yellen later that day, could make some shifts between the two trendlines / provide a clear breakout of the bearish trend the Aussie Dollar has been stuck in. On Friday evening it rejected the monthly 0.75540 support nicely with the bulls closing a bullish engulfing to help it recover from this price, however it then bumped back into the 4 hourly trend and rejected. Stochastic is in the overbought region on the 1 hourly by quite a bit, possibly signalling a reversal to support the fall back down to the 0.7530 area. The head and shoulders formation provided a confirmation that the downwards trend would continue, but will it have now run out of steam... I believe the Aussie Dollar will remain bearish hence my short signal and at least bump into the daily trendline, if not beyond. Fundamentals pending, this is my sentiment for now and I will be waiting for market open to see how this will play out.
Short
by JordanWillson
AUD/USD Case building - high pointsThink like the other traders add a point to find high confluence Add up the points to find the kill zone: Major resistance level 2 Minor resistance level 1 ABDC Harmonic 1 Fibonacci extension 1.27 1 Fib extension inversion 1 RSI Over bought 1 0.77500 Psychological level 1 Total points 8 Great score more to come: Double top ? RSI Divergence ? Go short in Blue zone Be patient - wait for market to test the area Use the scoring system to remove emotion
Short
by CryptoBNash110
AUDUSD right on major resistance, prepare to sellSell below 0.7750. Stop loss at 0.7774. Take profit at 0.7708. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7750 (Fibonacci extension, major swing high resistance) and we expect a reaction off this level to see a drop to at least 0.7708 support (Fibonacci retracement, horizontal pullback support). A break of this level would open a much bigger bearish move. Stochastic (34,5,3) is seeing major resistance below 95% and we expect it to drop correspondingly with price soon.
Short
by MEX_Exchange