AUDUSD Could Be Going LongLooking at the 4H chart, there is a small descending channel.
Price is currently testing a key area of demand whilst also coming close to a bigger ascending trendline.
If price is rejected from the support area and manages to break the descending channel then the pair is looking very bullish.
Audusdlongsetup
AUDUSD, lots of bullish confirmationsEverything seems to be prepared for a long entry on # AUDUSD .
High Volumes in the past, visible on H4 (dec-11)
Wave Bullish Pattern (Impulse Up / Channel Down) on 1h Timeframe
Point 4 of a higher pattern on Daily
Bullish Trendline
Bullish Multidivergence
Fibonacci 61% Confirmation
We really don't know what we need more...
Entry point 0.6818
SL 0.6798
TP1 0.68390
TP2 0.6918
Aussi Vs Greenback (AUD/USD) Intraday Trading Strategy & IdeaWe had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as long as the mood of the U.S .- China's trade front remains sour. NAB Business confidence data had been downtrend in past couple of months and morning it was better than last month though. If the U.S .- China feeling reverses (which is a very possible scenario), then a break above the key level 0.6850 zone is the technical signal to be interested in the role of long bias.
AUDUSD H4 ANALYSIS - BULLS IN CONTROL Hey traders, this is my analysis on the AUDUSD on the H4 charts presently.
I currently have one long position open on the AUDUSD, and may add a second one at the 1pm EST close.
From the charts I have labeled the bullish pinbar, as well as the most recent bullish candlestick.
These indicate that the bulls are in control until proven otherwise.
On the MACD we still have bullish momentum.
The risk to reward on this trade is 1.5. Targets being the yellow trendline.
Daily trade analysis and ideas:
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AUDUSD D1 LONG OPPORTUNITY - PRICE HAS RESPECTED SUPPORTHey everyone, if we can get a strong daily close on the AUDUSD then I will enter a long position.
My weekly bias for the past 3-4 weeks has been bullish. Targets are the yellow trend line.
Price formed a Doji last Friday, at support.
Price has now continued the move up currently.
I am waiting for the daily close to enter.
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AUDUSD WEEKLY ANALYSISHey traders hope everyone is having a great weekend.
AUDUSD is currently experiencing a retrace on the weekly charts.
Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line.
This upcoming week we may see the retrace continue, but I am still bullish.
Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point.
Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts.
This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups.
Daily trade analysis and ideas:
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AUD/USD pottential buy ! The lack of major developments surrounding the US-China trade conflict and the subdued trading action didn't allow the pair to make a decisive move in either direction following that drop, forcing it to move sideways near mid-0.67s. However a positive reports Australian Bureau of Statistics forecast today can attract buyers. FOMC members Barkin and Daly will speak later.
AUDUSD bounced from support, potential for a further rise!
AUDUSD bounced off 0.67750 where it could potentially rise further to 0.68220.
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AUDUSD approaching resistance, look out for potential reversal!AUDUSD is approaching its resistance at 0.69891 where it is could reverse down to its support at 0.69299.
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