AU BIG SHORT OPPORTUNITY - SWING TRADEAUD/USD Not looking good here. There is a strong key level at 68-69c that has acted as a huge resistance and support in the past going back years down the line if you take a look. We've created some real heavy bearish structure leading into this level and we just closed below it on the daily. IF the bearish trend continues, we could see a rejection of this level and what once was support will turn to resistance and i see no stopping it until the Weekly order block located below at my TP. Big R:R Trade. Risk Rating: 6/10
NFA DYOR.
Aushort
Audusd sellAudusd has been rejecting the reistance area numerous times for a while now, I am expecting it too continue too fall.
SL 0.78000
TP- around 0.75500
Now lets see how this plays out.
I had posted a previous chart with a bullflag so we may see the dump and then a pump!
Please see to my chart posted last time.
What do you all think?
Ps soory about my last few posts as not being of good quality i don't know whats wrong
Apologies if this one don't show clearly
Thanks for looking
🔰 AUD/USD — did what we expected HL then HH 🔰🔻 AUDUSD is known as the slowest pair to XXXUSD but guess what!!!!
- Price reached our target at 0.8000 perfectly then dropped but it did not break our Bullish Structure
🔹 Any breakout above our Target, the price will aim for another HH - Our Pip Team says, 0.8250 - 0.8500 Zone is possible Target if we got any solid Drop from DXY
🔹 Our Intraday Support from here is 0.7800 line then 0.77500 level
✅ AUDUSD created another HH to reach our Target
🔔 For now, we will watch how the Price Action will be trading between ( We will aim for any BOS ( Break Of Structure to trade the short after the price finally finds its Resistance Zone ) Be aware of Fake Breakout
AUDUSD - Intraday short ideaAUDUSD H4
Third touch of the trendline
+
Fib golden pocket (61.8 - 71%)
+
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me
AUD continues to weaken (and RBA is OK with that!)Entry - 0.7274
Take Profit - 0.7144 - 130 pips
Stop Loss - 0.7342 - 68 pips
Lowe made it clear that not only is RBA OK with a weaker Aussie, they are welcoming and expecting it. Plenty of AUD bulls are trapped on a long push following news that CNY will be propped and are ready to continue to buy (Myfxbook has 81% long). I have a (very small) short position open from 0.7333, but wanted to add more on a retest of the 30EMA (4h). We're at that level now. There was a solid breakthrough of the 0.7357 support zone back on 08/10.
I'm looking to hold this on for a while yet. My stop loss is above the Ichimoku cloud (4h) and the previous support zone. I'm expecting this to be an interesting ride. Will update as necessary.
Thanks for looking!
-Zedro
>> AUDUSD << March 28th >> Short „Breakout“ Setup <<Hey Guys and Welcome,
AUDUSD broke previous Week lows, we are following „Mid“-term Trend with a good RR.
Very bearish AU formed a new H4/Daily and Weekly Low with a strong H4 Bearish price action candle we are following
this strong move..
Short: 0.76703
Sl: 0.77031 (35 Pips)
Tp: 0.76383 (35 Pips)
Tp2: 0.75918 (80 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
AUDUSD Short Setup @ 0.7590I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets:
Entry Sell: 0.75900
Stop Loss: 0.77550
Take Profit: 0.73025
Regarding the poor risk/reward ratio- I'm planning on opening a small position at 0.75900, then averaging out with more shorts if the price continues to climb toward the upper trendline. I'd think 0.7680 would be a safe SL, but you never know what can happen in terms of fundamentals. My take profit is above the trendline and 0.786 fib.
I may enter at a position earlier than my stated target, depending on the status of RSI and EMAs. If so, I'll update this accordingly.
Thanks for checking out my idea!