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Audusdsell

AudUsd reached my target, now what?In my 19th Oct analysis covering AudUsd, I ve written that a bottom can be in place for this pair and a rise to the 0.65 zone is very probable. Yesterday the price reached my target and now we may wonder what's next. Looking at the posted chart we can indeed see that 0.62 is a bottom, marked by multiple reversal candles and candle formations, however, the overall trend is grossly down and this, on the bigger picture is just a correction. With this in mind, from now on I will start looking for selling opportunities above 0.65 Technically speaking, an ideal place to sell is the zone between 0.66 and 0.67, and, with a target at 0.6350 support and a stop loss above 0.6750 we can have a more than 1:2 R: R for such a trade. My previous AudUsd analysis:
Short
by Mihai_Iacob
15
IMPORTANT TO MOVE STOPS!! AUDUSD UPDATE (IN PROFIT)!This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on position), from there I expect a reaction but hoping to see this level break and create a new leg down..(long term). RISK MANAGMENT comes before anything!! Good luck traders hopefully everyone's having a good week so far!!
Short
by jamison_fx
1
AUDUSD SELLTrading simple support and resistance. The price on AUDUSD is at a reasonable resistance zone which was once a support. Strategy is to sell the market and the signal for entry is to enter in on break of structure on the 1minute timeframe indicated by the redline. I place trade and wait for market to play out. Always remember to space out stop loss, there a good chance the price will come down but we want to be sure not to take any losses on the way down else it will nullify our profit and a it'll be a waste of a good trade.
Short
by StephenAdeniken
1