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Audusdsetup

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.
by Veejahbee
6
AUDUSD WEEKLY RECAP LONG POSITIONS WERE WINNERS - BEARS TURN?Hey traders, Hope everyone is having a great weekend so far. This week AUDUSD was able to make a strong move up in price. AUDUSD bounced strongly from the minor S/R labeled on my chart with news aiding the push up. Now price has reached an inflection point. The blue trendline. AUDUSD formed a bearish pinbar off the trendline, signalling that sellers are coming in. Buyers from previous long positions were also taking profits. Currently price has retraced to the 78.6 fib level. I am still in this trade, with the risk to reward being 2, with the possibility of being much higher. As long as we win this trade at least 33% of the time we secure profit. IF price does close above the pin then I will wait and see what price does to confirm my next action. Think about the big picture traders and not individual trades. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Short
by FXShinobi
AUDUSD H4 ANALYSIS - BULLS IN CONTROL Hey traders, this is my analysis on the AUDUSD on the H4 charts presently. I currently have one long position open on the AUDUSD, and may add a second one at the 1pm EST close. From the charts I have labeled the bullish pinbar, as well as the most recent bullish candlestick. These indicate that the bulls are in control until proven otherwise. On the MACD we still have bullish momentum. The risk to reward on this trade is 1.5. Targets being the yellow trendline. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi
Long
by FXShinobi
AUDUSD WEEKLY ANALYSISHey traders hope everyone is having a great weekend. AUDUSD is currently experiencing a retrace on the weekly charts. Per my analysis last week, I am still bullish on the AUDUSD until it reaches the target of the yellow line. This upcoming week we may see the retrace continue, but I am still bullish. Last week price moved down, but the Friday's daily candle closed in a doji indicating an indecision point. Using Fibonacci analysis, this current retrace is currently at the 38.2 Fib Level on the H1/H4 charts. This only determines my bias for the week which may change. Trade what you see guys. I will update with possible setups. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com TikTok: @forexshinobi ForexShinobi
Long
by FXShinobi