AUDUSD ShortAUDUSD has been trading around a key level of resistance and support. Ill be looking for a few possible entries, The formation of a head and shoulder creating a triple top formation for a short entry. A third tap on the top trend line. Or a bear flag continuation. We will see how this pair reacts this week
Audusdidea
AUD/USD shortAUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill be looking for. Maybe with a possibility of a third trend line tap for a third entry possibility. Will be watching this throughout the week.
AUD/USD - BUY OPPORTUNITY Push Towards 0.7000Hello Traders!,
Hope everyone has had a good start to the week! The market is full of opportunities this week and today we're looking at a possible BUY opportunity for AUD/USD
What Is The Market Telling Us?
We can see price has been ranging between our channel while making higher lows off our trendline support
Bullish MA crossover adds confluence to our BUY bias as we await a breakout of our channel
Retracement phase seems to be over due to bullish engulfing candle on the D1 timeframe
When Should We Enter?
In this scenario we are looking for a breakout of our channel followed by a retest/retracement, once we have bullish confirmation, we look for BUYS
Our channel resistance may hold and bring us back down to our channel support, if this occurs, look for short-term BUYS off channel support
AUD/USD Price Outlook; Bears confirmed?AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears.
Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
Short $AUDUSD against .7000
Hello Sophisticated Trader,
The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6910 SL .6950 a close above, the target of .6700.
Like, Comment, and Follow.
Let's Make Money Together!
Happy Trading!
Dr. Lydia Smith
Where we teach you what you need to know about trading.
AUD/USD - Bearish Trend ContinuationHello Traders!,
We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week.
What Is The Market Telling Us?
AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested
4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling pressure ahead
0.69 is our invalidation level, so if price violates this level, we are no longer bearish on AUD/USD
When Should We Enter?
I have two possible outcomes to look for SELLS, we can look for a bearish pattern on our minor resistance then SELL
2nd scenario is more conservative, so we wait for price to revert back up to our 0.6900 resistance, look for bearish signals then SELL.
AUD/USD Technical Analysis.Currently, AUD/USD is trading 0.6903. The pair is consolidating in the resistance and support levels. Previously, the pair was trading in a down trend and after touching support level, it started consolidating in the resistance and support levels. If the price breaks the resistance level at 0.6975, then it may start a new up trend and its target price will be at 0.7202. If the price breaks the support level at 0.6785, then it may start a new down trend and its target price will be at 0.6561.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
AUDUSD signal (SHORT)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 0.688 and ~0.6855
after first target reached move ur stop to breakeven
stop: 0.694 (depending of ur risk). ALWAYS follow ur RM .
riwk/reward 1 to 3
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
AUDUSD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDUSD shortThis is just an updated chart from my previous chart posted last week, will be looking for a bear flag continuation towards the downside, if you missed the move last week and looking to get into this trade ill be scaling in another position depending on how the market moves. Will be looking for either a 2 tap or 3 tap of the top of the trend line for a downward move.
AUD/USD Technical Analysis.Currently, AUD/USD is trading at 0.6864. The pair started a new down trend after breaking support level and neck line at 0.6911. Previously, the pair was trading in an up trading while moving in an higher-high lower-low pattern. As the pair has already started a new down trend, its first target is at 0.6727 and second target is at 0.6613.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
AUDUSD SELL IDEA** JUST AN IDEA. NOT A SIGNAL **
We can see here that the trade has tested and felt constant resistance at 0.70015 multiple times already.
After its breakthrough, it then felt resistance again at 0.70302 where momentum took a swing as sellers have weighed the chart down.
We expect to see a further downtrend from here onwards after rejection of 0.70015 once again.
Thanks for viewing!
Please support this idea by liking and leave any comments you wish ✨
Feel free to support us with a follow or join us for free on telegram SnapForexFreeChannel✨
SnapForexOfficial.
AUDUSD short for 90 pips.We have seen a massive upside move on this pair and the momentum is yet to be over but we are seeing some sign of exhaustions and hence there is a possibility of retractement to the previous support level before making another push up.
On the 4h chart we can see a nice bearish candle printed. I have gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
AUD/USD - 0.7000 Level Broken! Waiting For A Retest Hello Traders!,
Upon the market opening yesterday, some pairs do seem to be consolidating against the USD currency, but not the AUD, its showing more strength that ever after break the 0.7000 psychological round level, the first time this year! (Was broken on 31st Dec 2019)
What Is The Market Telling Us?
Price has finally broken past 0.7000 level after 3 attempts since last week
14EMA and 50SMA are still showing signs of bullish pressure within this pair
50SMA has been acting as a dynamic support, which is aligning with my trendline
When Should We Enter?
Will be waiting for a clear retest of this 0.7000 level since its now been violated
Once a retest has occured, wait for a bullish candle close above the 0.7000 level and look for a BUY!