AUDUSD shortThere is a potential short set up for the AUDUSD pair, will be looking for it as a short term sale, but if the downward trend continues I will be letting the trade run till the next monthly key support. I will only be going in on this trade if it corrective goes up to the given area, If it goes up impulsively I will not take the trade but will sit back and watch what the market is doing, re-forecast and look for a high probability set up
Audusdidea
AUD/USD Technical Analysis.Currently, AUD/USD is trading at 0.6938. The pair is trading in an up trend from 19th May after breaking resistance level at 0.6544. Although, the pair has already touched its first target at 0.6777 and the second target at 0.6921. Now the pair is hovering in the resistance zone and soon it may come in a down trend.
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AUDUSD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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AUDUSD locally signal (SHORT)Hello friends.
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Everything on the chart.
If my markup is right wave of 5 was finished.
open pos: market (and put 1 more sell-limit 0.6554)
targets: 0.651(~0.55%) and 0.649(~0.85%) (after first target will reached move ur stop to breakeven)
stop: 0.671-5 (depending of ur risk)
for me risk is justified
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AUD/USD - 0.6443 Resistance To Hold Price Below!
Market structure continues to make Lower Highs, validating a continuation of the downtrend
I'm anticipating a bullish correction which will retest resistance before an impulse move to the downside occurs
EMAs add confluence to my bias as they are both above price and aligns with the key level of 0.6443
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Time to sell #AUDUSDThe AUDUSD has risen nicely since the slump to 0.55, now an opportunity for Sell.
The AUDUSD touches the average moving line 100 which is used as resistance and only a few days ago the AUDUSD responded downhill as soon as it touched that line.
Stochastic and RSI are relatively high, indicating the possibility of a trend change.
The AUDUSD is still considered a downtrend despite recent increases
Goal: 0.64