Audusdsell
AUDUSD 4H Next Possible MovesThis pair ended lower last week to 0.6776 and then turned on sideways movement. Initial bias remains neutral this week. As a short term top was formed, the further decline will remain in favor as long as 0.7064 resistance holds. On the downside, a break of 0.6780 will target 38.2% retracement 0.6469.
AUD/USD Price Outlook; Bears confirmed?AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears.
Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
Short $AUDUSD against .7000
Hello Sophisticated Trader,
The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6910 SL .6950 a close above, the target of .6700.
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AUD/USD could DROP very HARDHey tradomaniacs,
AUD/USD is currently fighting at very crucial price-areas.
Overall I expect it is all up to the CORONA topic which is currently heating up again.
A dropping stock-market would confirm this IDEA and setup.
Technically we see a double-top-pattern and an impulsiv-wave which is ending -> Next cycle should be a correction.
Wait for the break below the trendline before you sell as market is still respecting it.
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Peace and good trades
Irasor
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AUDUSD shortThis is just an updated chart from my previous chart posted last week, will be looking for a bear flag continuation towards the downside, if you missed the move last week and looking to get into this trade ill be scaling in another position depending on how the market moves. Will be looking for either a 2 tap or 3 tap of the top of the trend line for a downward move.