Audusdsell
AUD/USD Multi-Timeframe analysisHi Traders
AUD/USD Multi-Timeframe analysis
H1 CHART
A very low probability, entry signal to go LONG was given at 0.77726 after the market completed a bear trap reversal pattern. Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances
0.77578 0.77737
0.77234 0.77868
0.77058 0.78044
H4 CHART
A low probability, entry signal to go LONG was given at 0.77726 after the market found support at 0.77215 . Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances
0.77552 0.77708
0.77119 0.78044
0.75630 0.78522
DAILY CHART
The market is approaching the resistance at 0.78193 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.79418 level.
Support & Resistances
0.77879 0.78193
0.76654 0.79418
0.75630 0.80442
WEEKLY CHART
Waiting for a retracement lower towards the 0.74128 support level, in order to reinstate LONG positions. Next important support is the 0.69903 level.
Support & Resistances
0.74128 0.78193
0.69903 0.80846
0.55060 0.87733
AudUsd-150 pips potential drop. In yesterday's comment, I said that I expect 0.78 zone to hold strong as resistance and so far I'm right.
In the past 24h AudUsd spiked twice to 0.7770 and it looks like it formed a small H&S on h1 time frame.
I expect Aussie to drop to at least 0.76 in the coming trading sessions and confirmation for this comes once the price closes under 0.7725
AudUsd- I expect 0.78 to holdAudUsd has started the year with a correction mood and the pair dropped from 0.78 zone to 0.76 zone support.
A recovery followed and Aussie made a new attempt to conquer this resistance.
Yesterday we have a bearish engulfing from this zone which could mean that the pair is ready to roll down.
Targets for sellers are 0.7650 and 0.7600 and a daily close above resistance would put a pause in this correction scenario
AUDUSD, 4hr tf, Elliott wave sell and buy planHello my friends,
I am sharing my trading plan for AUDUSD.
As you can see, i used elliott wave theory to forecast AUDUSD movement.
In my opinion, price completed wave-iii. We could see price retrace towads 0.7670-0.7690 area.
I sold AUDUSD at 0.7735 aiming to capitalize wave-iv movement.
My take profit is around 0.7690 which is 2.25R setup.
After price complete with wave-iv, we could then expect buy opportunity with take profit target at 0.7800 resistance.
If price manage to retrace towards 50% fibonacci level, it will be a good opportunity to buy with stop loss using wave-i top.
My plan for buy is to buy AUDUSD around 0.7670
Stop loss 0.7645
Take profit 0.7800 (5.2R)
For both trades, i only use 1-2% risk.
Good luck
AUDUSD, 4hr tf, triangle pattern bearish breakoutHello my friends,
It has been long since my last post on tradingview.
I was taking a break from trading first because my analysis was off for the past 2 months.
It is important to know when to stop instead of doing revenge trade.
My first trade for February will be AUDUSD pairs.
As you can see, it looks like AUDUSD made a triangle pattern.
Price broken below the horizontal and ascending trend line support level.
We could expect price to continue drop as USD also gaining strengh right now.
Sell AUDUSD around 0.7670
Stop loss 0.7710
Take profit 0.7520 (3.75R)
Use only 2% risk at most
After price moving 30 pips in profit, move SL to breakeven.
Good luck
sell at 0.7793 with 2 tp till at least 0.7694i see many fact but i will not cite all as i am in rush for now
- big bearish divergence daily
- accumlation under big resistance
-dollars have to pullback ( i think,just my view)
- may the stocks will be sell as people will buy for the stimulus package of biden so people buy big firm sell..or buy the rumours sell the news
- stock are very higher also and any move down will weight on AUD AND NZD
i will od it in 2 lot as usually
1st lot i <ill cut at tp 1 and take full profit
2nd lot i will let it go with trailing stop but first put it at pmy entry point for secure no lost if my plan work till tp 1