Audusdidea
#AUDUSD, The Australian dollar on the way up?A descending channel that reminds us of a bit of the eurusd graph.
Here, too, every time the audusd touches the yellow line (200 moving average) the price goes down and down more than last time.
The target is 0.6950! There is a small obstacle on the way is the resistance of the Ichimoku cloud at 0.687.
Buy Signal!
AUDUSD SHORT and Short Trend IncreasedAUDUSD is in Short mode since 22.10. as 0.6860 has ben broken
Now today the journey to the south has been increased and got speed.
After the second support break there is no sign for a long.
I have marked inthe chart where we have to go
for a long.
Good trades
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Renkotrade
AUDUSD SHORT TERM LONGHey traders, this setup is going long for some short term pips.
-There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips.
-There is very little demand that would keep it at these levels as seen by the volume profile.
-I see the green box as a nice target price for this short term long.
Watch out though as this trade may sit in this yellow demand zone for a little and maybe even try to get another stop loss hunt.
Just for the sport, quick AUDUSD long trade setup...On the daily chart we can clearly see a Higher High is been made. On the 4 hour chart we can see that price finds support @0.683, this could be a nice window of opportunity to get in a quick long trade to 0.691. For beginners who are new to Forex trading this is a nice setup to trade, very low risk if your trade size isn’t too big. You will see this setup unfold within a week.
Just be patient and enjoy the show!
#AUDUSD, Support and Resistance analysis.A definite downward trend.
The audusd ranges in the range of 100 pips in the event of a break to either side the recommendation is to buy/sell in the same direction.
For traders who like short-term positions, the recommendation is to buy close to 0.6740 and sell close to 0.6805.
After analyzing the dollar, we came to the conclusion that we are more bullish on the coins against the dollar because we believe the dollar should go down.
AUD/USD Attempting to Retest Downtrend-Line (DAILY) Breaking down this Chart I marked horizontal Daily Levels which have rejected in the past.
Then I marked the obvious down trend-line, Highlighted the multiple rejections.
Currently it seems as if we are retesting, and may have found temporary support.
Personally going to wait for the trend-line to be met OR the green support level to be met before I decide to take a position.
Thanks for taking the time to see this let me know what you think!
AUDUSD Sell Order Depleted, Buy OpportunityLast week, price is ranging from bear engulfing candle seen in h4 time frame till lowest level of last 2 week trading session. There are 2 possibilities happened during last week session:
1. seller try to hide their sell position for further drop or
2. buyer begin to show their interest and start to buy
I decide to long this currency based on the fact that price drop on Tuesday 21 March 2019 for over 50 pips is countered by bull buying this currency until it break the highest level point on Tuesday 21 March 2019.
I spotted a good place to buy at FL level happen on Friday 24 March 2019. This FL occur after the break of Resistance level and contain bullish engulfing candle seen on H1 timeframe.
Happy trading. TAYOR (Trade At Your Own Risk)
AUDUSD Weekly Harmonic BAT Analysis and StrategyThis pair is currently trading at a major weekly support (blue zone) and is forming a Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:AUDUSD