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:
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Audusdsetup
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:
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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.
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AUDUSD SHORT and Short Trend IncreasedAUDUSD is in Short mode since 22.10. as 0.6860 has ben broken
Now today the journey to the south has been increased and got speed.
After the second support break there is no sign for a long.
I have marked inthe chart where we have to go
for a long.
Good trades
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AUDUSD - FOREX - 11. SEPT. 2019Welcome to our weekly trade setup ( AUDUSD )!
-
1 HOUR
Bullish market slowing down.
4 HOUR
Bullish market found its resistance and need a pullback now.
DAILY
Bearish waving market with 50% pullback of previous x-a wave
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FOREX SETUP
SELL AUDUSD
ENTRY @ 0.68820
SL @ 0.69450 (60 Pips)
TP @ 0.67750 (105 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDUSD Quick Short 30 Pip ScalpThe price has already broken a triangle pattern showing a strong push to the downside.
I am expecting a pullback back into the triangle (uptrend line part) and further to push to the downside.
Trade Levels:
- Entry Price @ 10 Pips near the triangle
- Stop Loss @ 0.71900
- Take Profit @ 0.71520
Cheers!
Happy Trading
AUD/USD TA 1/8/19 Targt 1: .7050 Target 2: .7400Here we have AUD/USD ,as previously stated I'm still potentially looking like two great trade set ups. I feel we will be rejecting off the .7150 resistance and we are going to come down and test .7050 as support.
Although it's important to note this pair is looking very bullish in my opinion so shorts will come with some risk. If you'd rather be patient then you can wait for it to come down to .7050 and then go long.
I feel .7400 is the next upside target.
That being said this is looking like an amazing short that you could then reverse and ride back up to .7400
Let me know what you think!
Target 1: .7050
Target 2: .7400
Possible trend reversalFX:AUDUSD
Based on the massive double bottoms found on EURUSD and GBPUSD which are both correlated to this pair to some degree I take note of the following:
1. Double bottom formation (will complete if today's candle closes as bullish as it is now)
2. Trend line is being broken
3. 50ema is being broken
4. The current candle is a great signal candle
5. Last week's candle on the weekly tf printed a hammer (buy signal) followed by this week's bullish candle (confirmation)
I would expect to target 0.7500 with my stop at 0.7000
AUDUSD Short Aussie was in an uptrend for a while, since last month its struggling to make a new high, price fell of the trend line and found support at monthly support 0.7750 level. Price then went up a bit but failed to go beyond 0.7875 level, this level has been test 3 times now but haven't been broken. Last friday price test level again and got rejected closed as bearish engulfing candle. forming double top formation and last week the inside bar candle stick formation had formed.
On lower time frame we have M.A crossed over to the downside + price broke and closed below the inside bar rectangle + C.T.L break
My bias is bearish potentially making a new low