Audusdsetup
AUDUSD: SHORT TRADE SETUP.Thanks for Taking Interested in my Trading Idea.
AUDUSD: SHORT TRADE SETUP.
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AUDUSD Is Approaching a Reversal ZoneThe structure of AUDUSD decline from Jan 2020 high has been unfolding as a textbook Elliot Wave five-wave impulse move, labeled (i)-(ii)-(iii)-(iv)-(v).
Wave (ii) was a sharp correction and wave (iv) unfolded as a triangle. A triangle always preceded the last move of a sequence.
The whole structure perfectly fits into a downtrend channel.
According to the theory, a three-wave correction follows every impulse move. If this count is correct, AUDUSD should find bottom within the blue zone that lined up with channel support and price should resume an advance in 3, 7 or 9 swing sequences.
Target above wave (iv) in red high is plausible for bulls, and the breach of the blue line will confirm the bullish setup.
What's your view on AUDUSD?
AUD/USD LONG TERM SWING TRADETitle : AUD/USD Buy SIGNAL
Asset : FOREX
Symbol : AUD/USD
Type : Market buy
Time Frame : H4
Entry Price 1 : 0.66780
Entry Price 2 : 0.66680
Stop Loss : 0.66510
Take Profit : TP 1: 0.67080
TP 2: 0.67280
TP3: 0.67580
Status : active
Shorting AUDUSD Is Not Favorable From The Current LevelAUDUSD is approaching the completion of a five-wave pattern after breaking out of a major corrective structure.
Once a five-wave pattern is completed, a three-wave in opposite direction should follow according to Elliot Wave theory.
That's AUDUSD should find a bottom soon and at least we should see a three-wave move higher in the weeks ahead.
AUDUSD Seems like finished A leg of ABC correction I think AUDUSD had finished A leg of an ABC Correction and now we can go long with good risk to reward ratio.
You can trade based on your own confirmation around the area.
We also provide daily comment of any changes depending on wave count.
For now :
Entry Point : 0.6735
Stop Loss : 0.6705
Take Profit : 0.7030
Note: follow my updates for possible change of the setup in future depending on price action and wave count
AUDUSD SHORT ANALYSE
AUDUSD is almost finishing creating head & shoulder pattern which is our third confirmation for a good sell opportunity.
We also had an uptrend break , which got retested and now price started to fall.
Another confirmation is our fibonacci retracement level created a pullback and we waiting to reach the target at -0.27 level.
AUD/USD H&S pattern in Daily AUD/USD Head&Shoulder pattern in 4hr/Daily timeframe
AUD economic calendar release CPI MoM & QoQ expected bullish release
while in USD interest rate bears will be gathering.
Entry at vwap and s/l at high of the candle
AUDUSD Further Downside PossibleAUDUSD has broken below key support turning it into resistance. Since this happens to be a daily head shoulders neckline also this gives me confidence in a further downwards cycle to be shown by AUDUSD .
AUD/USD Potential Short Trade Idea - Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart.
**Education Purposed Only**
- Will
AUD/USD SHORT SIGNALSell AUDUSD
Entry 1 0.69290
Entry 2 0.69480
Sl 0.69630
Tp.1 .69000
Tp.2 .68780
Tp.3 .68420
AUDUSD Analysis: Price may fall due to bounce on falling channelPrice looks like it has formed a falling channel from whose resistance line it has bounced.
We can short and capture some few pips.
AUDUSD - Bull or Bear?AUDUSD is at a critical decision making level. It has been a tug of war between the bulls and the bears.
This pair might be making a complex corrective Flat pattern that may send the pair further lower or it may be making 1-2, (i)-(ii) wave pattern that would send the pair higher as shown in the chart above.
Elliot Wave has rules to validate both opportunities, it's just the matter of waiting and proper investigating of the price action.
What's your view on AUDUSD, Bullish or Bearish?
Let's interact in the comment section.
AUDUS H1 - CAN PRICE FINALLY BREAK OUT OF BEARISH FLAG?Hey Traders,
Here is my current analysis on AUDUSD on the H1 charts.
We currently have a bearish flag pattern which is in line with the overall trend.
If price can break through this flag I see a further move possibly to .6700 area.
Simple technical analysis and breakout strategy.
AUDUSD PRICE AT RESISTANCE CAN BEARS MAINTAIN CONTROL?Hey traders,
A continuation of my analysis of AUDUSD so far.
Price retraced in the midst of the current down move last week, before reaching resistance currently.
Bulls struggled to push price down and it seems like Bears are still in control for the medium term.
If we can get a strong bearish close tomorrow, it only further confirms the downtrend.
Simple price action and analysis.
Last week:
