Audusdsetup
AUD/USD Has Broken out, Retrace Another Chance to LongSince my last update on this pair it has broken out as I expected. It is now retracing to the neckline marked with the blue line, this would be another chance to long if you are not already longing this pair. My target on this is 0.80548 although if you are looking for a more short term trade then the previous top of 0.78203 is also a good TP to aim for.
AUD/USD Still Hovering Around SupportThis is still holding up around the support level. Its still looking quite bearish to me so it could break lower to the next support which aligns with 0.5 Fibonacci. If this happens anywhere between 0.382 and 0.5 FIb could be a good buy area but we would still need to wait for confirmation in the form of a rejection.
If the current support continues to hold then we need to see a clear rejection from this level and a more bullish setup on MACD and EMA's before entering a long to the target of 0.80500 to 0.81360
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
AUDUSD | Perspective for the new weekThere are possibilities that the Greenback might gain some ground against the Aussie in the coming week... Following the Bullish run; Price finally hits a peak @ $0.78200 at the beginning of the new year followed by successive Lower Lows channelled through a descending range culminating into a successful Breakdown of Key level @ $0.76800 last week.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern | Breakdown | Supply & Demand | Channel
Observation: i. Breakdown of key level @ $0.78600 during the course of last week trading session followed by an immediate rejection of this level signals risk of further decline in the coming week(s).
ii. The sharp rejection of $0.77000 level makes this level a new Supply zone to watch out for Shorting opportunity in the coming week.
iii. It is also worthy to note that the Breakdown of Descending channel @ $0.76000 reveals the strong tendency of Sellers at this juncture in the market and might also be a strong area for rejection after a successful Breakdown in the nearest future.
iv. Conscious trading might scream "patience" allowing a Breakdown to happen hereby looking forward to taking advantage of the rejection.
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:3
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDUSD - FULL ANALYSIS BREAKDOWN !!Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
AudUsd- are we done, at least for now?Like many of you, I was also wondering how long can AudUsd go without a significant correction, but every dip on this pair is constantly bought.
From a technical point of view, we have a clear short-term top above 0.78 and after the trend line break, the pair reversed from support and started to rise again.
At this point, this rise can be just a confirmation of this break and Aud can finally roll down.
A break above 0.78 zone though would suggest that Aussie is in search of higher prices.
AUDUSD - FULL ANALYSIS BREAKDOWN !!Its great to be back on treading view everyone after a long Christmas break.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
AudUsd should drop to at least 0.75Aud was one of the strongest currencies in the last semester of 2020 with AudUsd rising around 13% from 0.7 to 0.78, which is enormous for a major Forex pair.
Now the pair is hovering under this 0.78 and seems that it found a top.
A spike above 0.78 and a stop hunt above this level is not out of the question but in the medium term, Aussie should dive to at least 0.75.
Prices above 0.78 should be sold in my opinion
AUD USD may go long According to my analysis. (6th Dec 2020)Disclaimer:- Educational Analysis says Aud Usd may go long according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
Because the 4 hr trendline(pink line) is been respected twice and the next resistance level is at 0.76635 dated 5th June 2018.
For Additional Confirmation on this trade. you may go for 15 min there will be (Blackline) which was tested and respected two times, plus there is the formation of an ascending triangle which may breakout soon and the pitchfork tool may help you to this analysis in a more disciplined way.
AUSUSD - Full Analysis Breakdown Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
New 2 Setups For AUD/USD This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions