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Audusdforecast

AUD/USD best level to sell + 130 PipsDear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level (previous idea is attached below for reference) based on daily chart analysis. As you can see AUD/USD has dropped close to 20 pips from the double-top resistance level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall further towards 0.66. Traders can sell the rallies in AUD/USD as long as the resistance remains unbroken with SL above resistance and initial TP at 0.6620
Short
by YourLazyTrader
AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today. 🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443 🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by wolfsmt
AudUsd- Back to 0.68 after false breakSince the beginning of March, AudUsd is trading in a clear range between 0.66 and 0.68. The end of May found the pair breaking under the support of this range, but the break lacked continuation and with the price getting back above support again it proved to be a false break. Yesterday the pair tested again 0.6 and reversed and at the time of writing is trading at 0.6666. Considering the false break and the recent test of support there are high chances of continuation to the upside and 0.68 resistance could be the target. Back under 0.66 puts a pause to this scenario.
Long
by Mihai_Iacob
2
AUD/USD: Precision Analysis for a Lucrative 2.5% OpportunityTechnical Analysis: Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout. Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions. Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size. Stop Losses: Stop losses are not fixed and depend on the specific trade situation. The preference is to use tight stop losses, especially when trading based on one-minute intervals. The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
by UnknownUnicorn14930146
AUDUSD 31May2023there is still a fairly strong bearish pressure, and there is no sign of a reversal. we can argue that the price entered wave 3 with the invalid area boundary in notation (4). special note, even though the price is likely to go up and higher than the invalid area, it does not necessarily mean that the price has reversed. the possibility is that the elliot notation is not correct and the price is still in a bearish period, it's just that he has an upward correction. so, be careful friends when deciding to go long later.
by Hokusai_FX
AUD/USD still to decline? AUD/USD hit a six-month low at 0.6525, the broken neckline of the inverse head and shoulders pattern. Technical indicators suggest further downward movement, with the RSI and Stochastic oscillator indicating oversold conditions. The MACD is negative, signaling a bearish trend. The price has dropped below its moving averages and violated the short-term range floor at 0.6565. If sellers break the 0.6525 support, the pair may test the 61.8% Fibonacci retracement at 0.6483, followed by a decline towards 0.6420 and potentially the 0.6370-0.6340 zone. Overall, AUD/USD is expected to see more selling if the 0.6525 level breaks.
Short
by Samo_Danilo
2
AUDUSD Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the AUDUSD, concentrating on its recent trading patterns. It's worth noting that a significant resistance level has been reached, and a price gap exists below it. Bigger players may look to attack sell-side liquidity resting under in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
Short
by fxtraderanthony
5