Audusdtrade
Short $AUDUSD against .7000
Hello Sophisticated Trader,
The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6910 SL .6950 a close above, the target of .6700.
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AUDUSD shortThis is just an updated chart from my previous chart posted last week, will be looking for a bear flag continuation towards the downside, if you missed the move last week and looking to get into this trade ill be scaling in another position depending on how the market moves. Will be looking for either a 2 tap or 3 tap of the top of the trend line for a downward move.
AUDUSD shortThere is a potential short set up for the AUDUSD pair, will be looking for it as a short term sale, but if the downward trend continues I will be letting the trade run till the next monthly key support. I will only be going in on this trade if it corrective goes up to the given area, If it goes up impulsively I will not take the trade but will sit back and watch what the market is doing, re-forecast and look for a high probability set up
AUDUSD may break .7000 Hello Traders,
It is possible that current upward momentum and poor economic numbers out of the US this week will carry the AUDUSD past the 2020 high. I expect price to break the .7000 range prior to making any significant draw-backs. Price has blown by Bearish Divergence set-ups multiple times in the past days and I expect this trend to continue until the .7000 range is reached.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
Time to sell #AUDUSDThe AUDUSD has risen nicely since the slump to 0.55, now an opportunity for Sell.
The AUDUSD touches the average moving line 100 which is used as resistance and only a few days ago the AUDUSD responded downhill as soon as it touched that line.
Stochastic and RSI are relatively high, indicating the possibility of a trend change.
The AUDUSD is still considered a downtrend despite recent increases
Goal: 0.64