Audusdsell
A pullback is likely in AUDUSDIn my previous #AUDUSD idea, I told you to buy at 0.7100 level and target the 0.7220 level( idea links attached below). That trade played out perfectly and my TP reached yesterday.
AUD/USD has currently pulled back from the resistance level around 0.7230. If price stays below the resistance level, it is possible to see a small correction towards the 0.7130 level.
I have already sold at 0.7230 and currently holding that trade.
AUD/USD Gains Being ThreatenedCorrecting final Friday's buying and selling session, the pair didn't exit the vary of its bullish channel, and this may increasingly solely occur if the AUD/USD pair strikes steadily under the 0.7000 help. Foreign exchange merchants, particularly those on this pair, are monitoring the extent of tensions between America and China as a result of the latter is Australia's largest buying and selling accomplice.
Bulls targets, particularly the transfer in direction of the 0.7200 resistance, which was best to activate the profit-taking gross sales, because the technical indicators reached sturdy overbought areas and the bears have been ready for the second to activate the promoting operations. The Coronavirus, together with US-China relations and commodity costs, will stay a very powerful influence on the long-run efficiency of the pair.
I nonetheless maintain on to my technical view of promoting the Australian greenback from each larger degree above the 0.7200 Zero resistance.
Relating to the AUD, the MI Inflation Outlook and ANZ Australian jobs knowledge will likely be launched. As for the US greenback, the ISM Manufacturing PMI and development spending knowledge will likely be introduced.
Long Trade Idea
Lengthy entry following bullish worth motion on the H1 time-frame instantly upon the subsequent contact of 0.7090 or 0.7020.
Place the cease loss 1 pip under the bottom current worth.
Alter the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
Take off 50% of the place as revenue when the commerce is 20 pips in revenue and depart the rest of the place to experience.
Short Trade Idea
Quick entry following bearish value motion on the H1 time-frame instantly upon the subsequent contact of 0.285 or 0.7200.
Place the cease loss 1 pip above the very best latest value.
Alter the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
Take off 50% of the place as revenue when the commerce is 20 pips in revenue and depart the rest of the place to trip.
Short $AUDUSD against .7250Hello Sophisticated Trader,
Our last analysis was over 300+ in gains, now the $AUDUSD has met resistance as it is having trouble closing above .7200 and is due for a pullback. Currently, I am looking for a test of support potentially .6900 or even further. Only a close above .7250 would negate this pullback.
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Possible pullback to 0.7040 if the resistance holdsRecently closed 4H candle in AUDUSD looks like bears have managed to drag the pair lower from the resistance area. A pullback to 0.7040 is possible if the resistance area that I have highlighted in my chart holds.
So, there's a good chance to sell and make 100 pips. I have already sold when price moved to the resistance area and currently holding my sell for 0.7040 TP
AUDUSD - SWING - 20. JULY. 2020Welcome to our weekly trade setup ( AUDUSD )!
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1 HOUR
Prices at previous highs.
4 HOUR
Bearish price action after forming new highs.
DAILY
Overall bullish market about to turn.
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FOREX SWING
SELL AUDUSD
ENTRY LEVEL @ 0.69920
SL @ 0.70320
TP @ 0.69350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
S/R Flip trade in AUDUSDAUDUSD is struggling to break the 0.70 area. A strong reversal from this area could happen in the coming days. If you see bearish price action in the lower time frame , then look for sell entries between 0.70-0.7050 with SL above 0.7120.
TPs can be set at 0.6850, 0.6730 and 0.6580 respectively.
AUDUSD - KILL POSITION / BIG SELLWe can see previously when price broke this level it dropped significantly to the highlighted level of support, I expect the same thing to occur
I see multiple points of divergence and price had dropped previously only to retest the area
I see a flag formation formed as well so once thats broken... BOOM big sell
Getting in this later with the following signal:
AUDUSD - SELL
SL - 0.71116
TP - 0.62949
AUDUSD SELL Setup for Intraday and Swing Trade.AUDUSD SELL Setup for Intraday and Swing Trade.
Sell Zone Range 0.70200~0.70400
Stop loss 40-50-Pips.
Take Profit: 0.69400 (100-Pips), 0.68600 (200Pips).
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.