Aussiedollar
AUDUSD — Range-bound with potential upsideAUDUSD is currently trading sideways in a range. A break to the upside, after clearing immediate resistance levels above, could offer a fine long position. Invalidation of this trade idea would be a breakdown below 0.7000.
A support level has formed at the 0.7000 level. This level held on three re-tests throughout September-November, after previously acting as resistance in June and July.
The equilibrium of the range area is supported by the high volume node in the volume profile. Pure price action also shows that this area is a prominent level, as it has shifted between being support/resistance. The level furthermore coincides with a 38.2% Fibonacci Retracement level, measured on the latest move up, as well as S/R signals on the RSI indicator.
Price is presently trading at the higher end of the range. Seemingly, it continues to face resistence at 0.7350, marked with red arrows in the chart. A break above this area would signify strength, and a further break of 0.7415 would likely mean continued moves upwards.
DXY displays continued weakness in its price action, which if continued signals for a good long opportunity on the Aussie-Dollar.
Keeping an eye on developments here. A strong(er) rejection of the current resistence level could potentially also be used as a basis for swing trading downards towards established support levels within the range.
AUD-USD hits resistance. Will start FALLING!
Hello, Traders!
After a massive bullish rally, which I predicted,
The pair has hit the resistance confluence again.
I expect the resistance to be respected
Therefore, AUD/USD will go Down
To retest the nearest support
If support is broken too, we will see a massive rally down.
Sell!
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#AUDUSD, Ready For a Sell ?!price has broken the support line and tries to make a pullback on it.
price is under the ichimoku cloud and we have a bearish cross of tenkan and kijun.
if the rsi came under drew the support line, u can get a sell.
NOTE: we have important news ou USD so don't forget the risk management and select a good SL.
AUD_NZD LONG TRADING PLAN
AUD_NZD has established a double bottom and is about to breakout the minor falling channel upwards.
Wait for the breakout of the falling and horizontal resistance levels.
Go long on pullback.
First target=the greater falling channel resistance.
Final target= the green horizontal key level.
IF there is no CONFIRMED breakout(1h candle closes ABOVE the level)
Then the setup is invalid!
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EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN
EUR_AUD is trading above the broken key level, while also respecting a diagonal support.
So the target trade is a long.
For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or the pair going lower to improve risk reward.
The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing.
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AUDUSD At Support For Long.AUDUSD has fallen sharply after touching its resistance level on the upside (as shown in the chart). Now it is trading at the support level of the Symmetrical Triangle Pattern. According to chart pattern analysis, we might see some upside in AUDUSD from the current level, As Symmetrical Triangle Pattern suggests indecisiveness in trend. One can initiate a long trade with proper risk management and stop loss.
Thank You
$AUDUSD - Triangle correction is about to endHi guys!
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.