Audusdsignal
AUDUSD | BEARs READY?AUDUSD has broken the bullish parallel channel and the price is trading in a range for more than 2 weeks now. Is it the distribution at the top?
Yes, it can be a distribution and the price can start falling from here. Mark the sell level and go short below it.
Manage your risk accordingly
AUDUSD and NZDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD (SHORT) IDEA Hello Traders,
Hope you are killing the markets this week.
My overall perspective on AUDUSD is bearish, expecting this supply level to hold as long as we could get a nice 15 min rejection from our area of interest.
We called out two shorts so far on this trade, first short took partials at 35 pips and our runners were stopped out at breakeven. Second shorts are currently running after 30 pips and looks like we will go breakeven on it again today given the dying volume today.
However, our bias remains intact we still need to monitor this pair.
Always move stops to breakeven after +25-30 pip moves
Looking forward to see how the results of this trade unfolds.
Thank you for your support and trust !
ETGL TEAM 💛
AUDUSD D TF OVERVIEWwatch all my related ideas
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Audusd forex analysis and strategy with Millionaire Logistics fxAudusd forex analysis and strategy with Millionaire Logistics fx
Dear Forex traders, trust you are benefitting from the forex analysis we share. Last week we shared our trade idea on eur aud while the trade is yet to reach target, this week our star pair is the Aud Usd.
Sentimentally, There have been reports of covid-19 cases in China which has led to the Chinese authorities enforcing a stay at home order in the major district of Shanghai till Tuesday and with Apple considering to increase productions outside China, Also, with the incumbent Prime minister of Australia conceding defeat to the opposition leader and incoming PM, I perceive the administration having a smooth but economically uncertain transition. As regards the first sentiment, China and Australia are a very close trade allies and partners.
More so, with the current risk appetite of investors are sentimentally risk aversive as US Stocks seem to be on the decline and Japan's stock saw some rise. Interests may be driving towards shifting to assets of low risk. On the US scene, POTUS has shown intent in having talks with the North Korean President if he is serious, same time looking to deepen economic partnership with Taiwan.
Fundamentally, Tuesday 24th is packed with very interesting news event which may cause volatility and trends in the Market such as the FOMC meetings S&P Aux pmi flash.
Technically, AudUsd remains in a bearish trend and still trading below the ema. currently, i highlighted a supply zone on the 4hr chart from where price fell to the downside and the demand zone as well. last week saw a bullish correction move.
the price is currently at a liquidity level i expect to be swept and if price approaches the supply zone up, i would find a sell entry to trade in line with the trend.
I look forward to your contribution and opinion. Thank you for your support on YT.