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Audusdsell

Fake out potentially incoming for the AUDUSD! Trade cautiously!The aussie dollar continues to trade in a random walk manner this week, building up pent up energy for the eventual breakout of the channel that is formed between 0.74270 and 0.72877. As areas of values on both sides continues to build up for stop loss hunting by the market makers, a whipsaw like action could potentially form before breaking up to the upside. BULL CASE We can continue to look for longs on this pair for a sustained move upwards as it is our opinion that any downside could be limited and short-lived. There are two possible ways this could happen. Firstly, it could break up immediately from these levels to find more upside or it could fake out to the bottom before shooting back up quickly to the upside. BEAR CASE If this week ends in a bearish red candle, it is likely to form some sort of pinbar reversal candle. Any downside should be capped and extremely short-lived.
Long
by IkanBilisCapital
Does this make any sense???Hello everyone I posted a chart for a sell on this pair few days ago. So previously we a crossover between 2 moving averages (shown on chart) which was a good entry for a long term buy. We now have the crossover for a long term sell entry. This pair is still BEARISH, so I have put in a sell limit at 0.74026 i will set this lot size at 0.01 My SL is at 0.76000 And tp will be at around 0.70000-0.69000 Does it make sense? Also have a short term buy so that will cover up any losses if we break above and hit SL, the buy is a secure trade SL is above entry. What do you think? If you have any other ideas please share Thanks for looking.
Short
by Abzii