Audusdsetup
AUDUSD ShortAUDUSD has been trading around a key level of resistance and support. Ill be looking for a few possible entries, The formation of a head and shoulder creating a triple top formation for a short entry. A third tap on the top trend line. Or a bear flag continuation. We will see how this pair reacts this week
AUD/USD shortAUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill be looking for. Maybe with a possibility of a third trend line tap for a third entry possibility. Will be watching this throughout the week.
AUD/USD Technical Analysis.Currently, AUD/USD is trading 0.6903. The pair is consolidating in the resistance and support levels. Previously, the pair was trading in a down trend and after touching support level, it started consolidating in the resistance and support levels. If the price breaks the resistance level at 0.6975, then it may start a new up trend and its target price will be at 0.7202. If the price breaks the support level at 0.6785, then it may start a new down trend and its target price will be at 0.6561.
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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.
AUDUSD shortThere is a potential short set up for the AUDUSD pair, will be looking for it as a short term sale, but if the downward trend continues I will be letting the trade run till the next monthly key support. I will only be going in on this trade if it corrective goes up to the given area, If it goes up impulsively I will not take the trade but will sit back and watch what the market is doing, re-forecast and look for a high probability set up
AUDUSD LONG -FULL WAVE COUNTHere is my full wave count on AUDUSD. Wave (5) in the current main wave with another five sub wave in it.
In the sub wave, wave 3 is currently active.
The five wave (sub) of wave five becomes invalid only if price settles below 0.65123.
Please leave a like if you agree with this setup.
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#AUDUSD SHORT.. On AUDUSD 4-hour chart, we see double top formation. T3 curve and simple moving averages (ma10 and ma20) have turned their directions down.. I expect a structure as I mentioned in the chart.. We will wait and see..
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