AUDUSD formed a good descending channel, price reaches major resistance area and price is currently respecting it, we are in corrective move and overall direction is bearish. Dollar index is in corrective move and overall direction is bullish and price is currently on major support zone, AUD basket formed a bearish frag pattern on 24 hour time-frame. that gives...
There are higher probabilities of AUDUSD selling from this supply zone
the dollar went down due to the shock of energy price and it help Aussie goes higher. my analysis shows 0.76480 key resistance might end the AUDUSD bullish trend and also complete the ascending broadening wedge pattern for this pair, personally, I will wait for the price rejection occurs at the key resistance level before placing any sell order. good luck...
Look to SHORT the market from Correction Upwards .Aim for new Lower Low as it still has a lot to go down. But if it Failed to Break Below the Scenario would be Negated !
Aussie has been on a smoothly steady downtrend since 25th of October, and this has been followed with couple of Higher Highs and Higher Lows, but this past Friday impulsive movement towards the top-table in the market could be a possible starts of the ABC corrective wave, for Aussie. Following the momentum and the price level, the price has moved very close to...
AUDUSD bound by a downward channel in the 4-Hour timeframe Without much economic news affecting the pair. We expect the movement will be greatly on the technical side. As we see on the parallel channel the price hit its resistance and now starting to move downwards. Our bias for this weeks moves is short. Trade Idea (SHORT) Sell Entry : 0.77470 Stop Loss :...
( This is a continuation SHORT - see previous post , attached. ) ... and here is the DXY, for good measure.
First time posting just testing it out. Playing a short signal on AUDUSD
OANDA:AUDUSD Bearish on 4 H and all smaller timeframes
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What I'm looking for on Daily TF: 1. Price to form a Bearish Variation and pullback 2. Price to find support at previous Major Resistance 3. Price to form a bullish variation at previous Major Resistance What I'm looking for on H1/M30 TF: 1. Price to Break uptrend structure and form a downtrend 2. Downtrend momentum to slow down near Retest zone 3. Price to break...
Our forecast for the next week on AUDUSD ------ Trading Kitchen
Although AUDUSD has had a strong move up during this week, looking at the Monthly chart continues to suggest a bearish move is about to continue. I'll be looking at the approaching lower-high levels for a short opportunity with 1:5 R:R. This is just an idea, trade your own plan.
Audusd - although aussie is trending stronger than most majors, i see price at a supply zone and im expecting a correction/reversal down to the daily demand zone.
AUDUSD – Last week the market had bearish movement. The weekly candle closed as a bearish rejection candle. 0.75000 was met as stated last week in SLFX Trading members weekly trade journal. We are not back at the estimation zone. This is the 4th attempt to break this area and price is still making lower lows and lower highs. A break of this zone can lead us down...
AUDUSD AUD/USD 4-hour chart AUD/USD is trading in a bull trend above the 200-period simple moving average on the 4-hour chart. AUD/USD failed to sustain prices above the 0.7300 handle while technical indicators are weakening. AUD/USD is set to remain capped by 0.7320 with a potential drop to the 0.7250 level in the coming sessions. RSI Diverging From...