AUDUSD ShortWhat we see here is quite clear as price bouncing inside uptrend channel, clearly price making higher high higher lows,
What we expect is to price to make new higher high on our resistance and trend line then nicely we can open 1:5 R:R position as shown one the chart,
Very clear setup,
Any question comment bellow
@FxShzd
Audusdsell
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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.
6 July: AUDUSD seeing a reversal hereHi everyone! AUDUSD is currently testing a key resistance area here, in line with the 61.8% retracement which presents an opportunity to sell here. Our stop loss is placed slightly above the previous high and take profit targets based off the recent support levels.
AUD/USD with an upcoming SELL-CHANCEHey tradomaniacs,
AUD/USD seem to end the current correction and could break below the rising trendchannel and support-zone.
As soon as the market breaks out we might see some momentum to the downside due to bearish. I`m still very cautious as we are trading ahead the Non-Farm-Payrolls the market will wait for!
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