Ausdusd
AUDUSD long nowAfter a triple test on weekly structure and after the pullback of the trendline now we can buy the AUD
FX:AUD/USD longHello fellow traders,
Please find alternative development of the Aud/Usd pair. I look forward to your comments.
Sincerely,
Trader.
Aussie $ in final phases of correction before next big move downThe Australian dollar has been consolidating on the daily chart since mid year. It has continued to compress into a tighter formation and now appears to be nearing the end of a correction to the down move that began near end of 2014 on weekly chart.
On the monthly chart, all indicators have pulled back from extreme oversold conditions of Feb 2016 to what could be resistance levels (TSI - 0, RSI - 40, stoch 80'ish)
A break below weekly support should begin process of pulling indicators negative. With a brief pullback, prices should then continue down to monthly support levels noted on chart.
audusd sell setupHello, we are looking to sell audusd upon confirmation. Have a harmonic pattern along with structure. Please see the bigger picture on the chart below.
Also subscribe to get latest updates and inbox to learn more about our strategy and how we use structure as well as harmonics to find high potential setups.
AUDUSD SHORT ON AUSSIESHORT ON AUSSIE LOOKING FOR ANOTHER LOW OR ATLEAST A RETEST OF OF PREVIOUS LOW
2016 AUSSIE REVIEW LONG TERM - AUSSIE IS CURRENTLY SITTING AT A MAJOR KEY RESISTANCE LEVEL AS HIGHLIGHT ABOVE -
- This suggests bulls are coming in and if further bullish price action is seen on lower TFs I will be buying this market long term.
- Price action is also confined within YEARLY TRENDLINE SUPPORT (black trendline - seen more clearly on YEARLY CHART)
- RSI was last at this level in 2001 where REVERSAL occured
AUDUSD bullish bat & rising channelPossible bullish bat harmonic pattern on AUDUSD. If AUDUSD also touches the rising channel to form the third point, that would be an added confirmation to the technical setup.
Long AUDUSD 0.6980-90
SL 0.6900
TP 0.7300
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AUDUSD Medium Term Bullish !!Simple is easy and has a better understanding !
Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525.
Good Luck !!
