Audusdbuy
AUDUSD Ready For CorrectionAUDUSD on the weekly time frame looks ready for a corrective wave down. It touched the resistance and it as the higher side of the trading range. This means chances are it will atleast test the low of the range again and possibly also the next support! So beautiful sell setup to hold into next week
AUDUSD : BIG BULLS NEVER CRY!Hi traders!
Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow other pairs. DXY making majors lows, gold posting new highs only helps this rhetoric.
RSI & MACD right on cue.
I will go long from here.
Trade safe!
AUDUSD Long Term 2000 Pips Bullish Trend Time for a long term prediction on the weekly time frame. Since its the weekly time frame it can take 2 up to 5 months.
Basicly what you can see is that the past months AudUsd has been trading in a very tight range after being 0.88+ for a while. So far this tight range has contained itself but the 1st cracks are appearing.
The Stoch and ADX indicators are all still bullish and the price is fighting a resistance again. Besides this the bollinger band is also squeezing. When Bollinger Band is squeezing it means that when price will break out of the bands the price move will be big. Given the setup of the indicators and the price action the past months a break to the upside is very likely and AUDUSD has a good chance to move back up to its previous trading range at 0.88+. Ive also laid out possible resistance levels on the way up.
Trading advice:
Start a small position and add more on the way up.
0.7400 would be a good stop loss, if that breaks 0,72 > 0.70 is next. Some might consider it a big stop loss but remember we are trading on the weekly time frame now and the high you go in time frame the bigger the price swings :)
AUDUSD right on major support, time to start buyingBuy above 0.7577. Stop loss at 0.7556. Take profit at 0.7642.
Reason for the trading strategy (technically):
Price is now right on our buying area. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside potential.
Reason for the trading strategy (fundamentally):
It’s too tricky to call a move on NFP this month as there are too many mixed signals. Arguments for stronger payrolls include Challenger job cuts, employment component of manufacturing ISM rising, consumer confidence rising to 118.9. However, there is also strong arguments for weaker payrolls with Employment Component of Non-Manufacturing ISM dropping to 55.8 from 57.8, ADP Employment Falls to Lowest Level Since October, 4 Week Jobless Claims Average Rises to 243K from 239K, Continuing Claims Rises to 1.956M from 1.929M and University of Michigan Index Drops to 95.1 from 97.1. We lean slightly closer to USD weakness which means it is in line with our rise in AUDUSD.
Trend Continuation Pattern on AUDUSDHey guys,
Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags, pennants, wedges, these are all trend continuation patterns that appear when price has a strong trend. Therefore, if it will retrace a bit i'm going to enter long with stops below the lows and target1 at the retest of the highs. Target2 will be placed around 0,76.
Let's see how it plays out!
If you have questions or if you want to share your view, feel free to write below.
Otherwise, see you in the next chart!
50 Pips Opportunity - AUD/USD LongThis is a trade more in the short term category, and so I would suggest to risk half what you usually risk. So that way you still get into the position and make some profits if it goes as expected, if not, you lose half what you usually lose.
This is only a signal/idea. Always make your own analysis and money manage properly.
Happy trading!
1 HR reverse head & shoulders . LONGBullish reversal pattern on daily S&R for a .618 retracement.
Long position. for a retracement , then a continuation of downtrend.
AudUsd bullish momentumThe trade range of AudUsd is narrowing. It has come at a point where it will break the channel of bounce back up. When looking at the indicators it looks like the selling pressure and bearish trend is to weak to for a break to the down side. So a buy position aiming at the upper channel and a possible break of it would be the best. Use a stoploss at 1.7410
AUDUSD Sell on Pull Back and Buy On DIP!AUDUSD price has since pulled back , but is still trading above that key support. looking to buy on a pull back to support remain. 0.7550 – 0.7500 area is a strong potential buy zone either on a signal or blind entry.
Is AUDUSD ready to reverse?Hi guys,
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to reward ratio seems pretty good.
Keep you updated.
If you want to share your idea about this or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Is AUDUSD ready for a reverse?Hi guys,
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to reward ratio seems pretty good.
Keep you updated.
If you want to share your idea about this or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
#AUDUSD - Moving up after testing the supportHi everyone! Just wanted to share this idea and the technical analysis with you. Looks like the price is following the weekly dynamic (moving) support level and recently we have witnessed another bounce from that support level. My expectations regarding this pair are the same as before. I still want and hope it to reach 0.77783. Green lines display my vision of the forthcoming price movement.
H&S pattern within' H&S pattern?... 4HR AUD/USD AnalysisTechnically speaking this pair should be on the upside near term. Longer term to test the 52 week high as of 25/3/2017, the .7890-7920 level. Out on the daily a simple TCT trade is easily visible. As RBA Interest Rate decision draws nearer it maybe the definitive factor in pushing this pair to newer highs and higher lows. My eyes are on this opportunity for sure.
AUDUSD bunch of clues!Hi guys,
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long.
In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence.
In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio.
Hope you like it!
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
AUDUSD nice confluence!Hi guys,
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long.
In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence.
In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio.
Hope you like it!
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
AUDUSD SellCurrency: AUDUSD
Sell From: 0.7623
Stop Loss: 0.7655
Take Profit 1: 0.7595
Take Profit 2: 0.7575
