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Audusdshort

AudUsd reached my target, now what?In my 19th Oct analysis covering AudUsd, I ve written that a bottom can be in place for this pair and a rise to the 0.65 zone is very probable. Yesterday the price reached my target and now we may wonder what's next. Looking at the posted chart we can indeed see that 0.62 is a bottom, marked by multiple reversal candles and candle formations, however, the overall trend is grossly down and this, on the bigger picture is just a correction. With this in mind, from now on I will start looking for selling opportunities above 0.65 Technically speaking, an ideal place to sell is the zone between 0.66 and 0.67, and, with a target at 0.6350 support and a stop loss above 0.6750 we can have a more than 1:2 R: R for such a trade. My previous AudUsd analysis:
Short
by Mihai_Iacob
15
AUDUSD : Elliot Price Action 1Hr Aussie Dollar AnalysisRBA appears less hawkish after shock 25 bps hike in OctoberDiverging pace of future rate hikes may leave AUD susceptible to the downside into year endAUD/NZD, AUD/USD price action setups analyzedRBA Appears Less Hawkish after Shock 25 Bps Hike in OctoberThe RBA shocked markets on the 4th of October when it decided to hike the target cash rate by a mere 25 basis points after 4 consecutive clips of 50 bps prior, citing sizeable frontloading.But in the one-hour chart of this currency, we see an ABC correction wave, and now we are on the path of wave c and the third and fifth wave of this correction, and we continue to expect this currency to fall again.
Short
by RezaBorzooei
AUDUSD M30: Bearish outlook seen, further downside below 0.63600On the M30 time frame, prices are approaching the resistance zone at 0.63600, in line with the 61.8% Fibonacci retracement and a pullback to this resistance zone presents an opportunity to play the drop to the support target at 0.62800. This support zone lines up with the 61.8% Fibonacci retracement and is a zone that prices interacted with multiple times. Stochastic is approaching resistance at 94 as well where we could see a reversal below this level, supporting the bearish bias.
Short
by T3-Consultancy
1
AUDUSD - Daily Trade Idea - 20-Oct-22AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1