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Audusddaily

AUDUSD played out just as we expected!The pair dump farther down this week after breaking out of the channel structure it was trading in. It is at a point where consolidation could happen before more downside. BULL CASE I think it is likely we see some consolidation at these levels before more downside. If this happens, 0.71680 is a good level to short again with controlled risk. BEAR CASE If price continues the dump next week to the 0.7038 levels, expect to see strong support. It will be a wick out kind of move on the weekly.
Long
by IkanBilisCapital
AUDUSD , You can buy now ...Hello every body In here in this chart we have in 4h time frame we have BW ( breakwave ) and now we need to have pullback and in here we have a candle pattern ( Ascending cover ) and when we are checking the chart in back we can see we are in support zone that made before and now with this pattern we can buy but its 50 50 , but with this very low stop loss we can buy and scalp this position until the first resistance The one the most point we should becareful about it , that is the trend is downward in microwave and this position is opposite of the trend but it has a nice R/r and this is good for scalper Dont forget use stop loss and attention to money management Good Luck Abtin
Long
by Abtin00
Is there still downside for the AUDUSD? The AUDUSD moved down as we predicted last week. I hope you guys took the trade. The price is now trading in a neutral zone and we've to proceed with caution. If we look at 2013, the last time the fed announced a taper, the price of AUDUSD dumped all the way down to the bottom of the channel and beyond and this time round it could be the same. We've a neutral bias for the AUDUSD this week. BEAR CASE Price look due for some upward consolidation before dumping down to the 61.8 or even to the bottom of the channel where it coincides to with the 0.725 level. BULL CASE If the fed taper is already priced in and the market is bullish on this risk on currency, 9.757 and 0.768 are in play. PS: If you control your risk, take both sides of the trade and and time your entry perfectly with a 1:3 risk reward ratio. There is still profit to be made even if you're direction neutral. Making money in the markets has always been mind over matter. Control only what you can.
by IkanBilisCapital