Audusdsignal
AUDUSD LONG H4Market Structure: Downtrend
Area of Value: Resistance. Reversal
Entry: Reversal confirmed by RSI divergence
Exit if Right: 2 tranches on possible resistances
Exit if Wrong: below historical support
RRR: 1:2
Confluence: D1 chart respects the support the level, if the bearish pattern/downtrend continues, we will still win on a 1:1 ratio as we are waiting for a rally.
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.🧅