Audusdsell
AUDUSD short setupFOMC meeting result make the fed looking hawkish at this moment, so this condition will support the technical analysis setup.
From the technical view, the price can't break through the kumo cloud multiple times, even though the kijun sen (blue line) is below the tenkan sen (red line) on a bearish kumo cloud (the ideal position is the kijun above the tenkan if bearish momentum), but i thing this anomaly supported by the fundamental of fed's hawkish statement. So then I'm confident with this 1:2 risk ratio short setup for AUDUSD.
What do you think guys?
AUD/USD should FALL soon!Hey tradomaniacs,
AUD/USD is currently correcting within a rising-wedge which usually results in a continuation of the primary trend soon.
previous impulse to the downside has shown great momentum and I expect another attempt to break the support-zone as soon as the tracement is done.
Let`s see =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
AUDUSD Bearish!The pair has resumed the move lower, currently we should break below the bottom of the trendline drawn connecting the lows of December 3rd & 20th (2021). then we should see a minor bounce to about 0.72500, which should then continue the trend lower to 0.6700 as forecasted in our analysis on the 29 Nov 2021.
The pair reversed just one pip short of our projected bluebox shown on our 24ht December 2021 analysis, but this could haven the fact that it ended the move up with a 5th wave as a diagonal rather than an impulse.
Have Sellers Taken Back Control? Before the market opened I analyzed a short term buying opportunity on AUDUSD. However, this morning , a lower low was created at 0.72435 on the 4-hour timeframe.
This signals an early sign of a reversal on this specific timeframe. I have to change my buy bias to a sell bias. Today, I will be observing if price can stay below 0.72775. If so, I will sell from my estimation zone 0.72670 back down to 0.72396 only if price can retrace to my zone first and price action gives me permission to enter the trade.
Previous analysis is linked.
AUDUSD: Supply TrapMany traders would have positioned themselves in sells too early when the equal highs formed, forgetting that the major supply was sitting above them.
Now that we have had the liquidity sweep, it may be time to see the bears take control of the market.
Where do you think the sells will take the price?
AUDUSD -Bearish Cycle!AUDUSD the pair is almost ready for downside, we are now completing the last of the 3 wave (ABC in the green minuette degree) corrective move we called for at the end of November 2021 in 5 waves. We had expected the pair to bounce to about 0.7300 which from the looks of it we should reach. As long as we don't go beyond the Bluebox (price level 0.7400) then we should see a reversal within the Bluebox for downside to about 0.6700.
Look for Sell opportunities at the bluebox!
AUDUSD Short term upside!AUDUSD is completing the last leg of a 3 wave correction in the minuette purple degree, we called at the end of November 2021. The correction should take AUDUSD higher to about 0.73200, that is if we do not get a short leg (c) which can terminate at about 0.7250 (61.8% extension). At 0.73200 we should start looking to sell the AUDUSD for mid-term downside which should see the pair breaking well below the 3rd December 2021 low of 0.699, taking the pair as low as the 0.6700 areas.