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Audusdsetup

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
by Layne_LV
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
Long
by Cmasterza
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
Short
by Ig19
AUDUSD Strategic View: Testing major resistance, time to sellSell below 0.7550. Stop loss at 0.7620. Take profit at 0.7370. Reason for the trading strategy: Price is now reacting off major resistance at 0.7550 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a drop to at least 0.7370 support (Fibonacci extension, horizontal swing low support). RSI (34) is seeing major resistance at 95% where we expect a strong drop from.
Short
by MEX_Exchange
AUDUSD reacting off major resistance, time to start sellingSell below 0.7548. Stop loss at 0.7573. Take profit at 0.7472. Reason for the trading strategy (technically): Price is now reacting off major resistance at 0.7548 (horizontal swing high resistance, Fibonacci extension) and we expect a strong drop from this level to at least 0.7472 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing strong resistance below our 95% level where we expect a further drop from. Correlation analysis: Overall AUD weakness expected today with a drop on AUDUSD and AUDJPY.
Short
by MEX_Exchange