AUDUSD Waiting For Break Out Downtrend ChannelI am waiting for AUD USD break up downtrnd channel H4, and waiting for bullish reversal confirmation candlestick pattern too...
Aussiedollar
Aussie trading bearish channelAussie has been trading in a bearish channel for a while, but it seems like the end is near.
it is near a strong resistance which has been tested previously 3 times, but in the end all got rejected.
On the side note the price is currently around a major psychological level 0.70
It is also heading towards a major supply zone which might push price back up.
For now I would trade a long position and aim for approx 100 pips, from where I would short it towards the 0.6900 area. TP to be determined later.
AUDNZD SELLWait for the price to hit the top of the pattern and watch strong price action for sell.
Don’t take a trade if you don’t see clearly when big guys are in.
Forex signals premium channel. Join us!
t.me
AUDUSD major break down=> Here eyeballing the recent break after failing to pierce the channel to unlock 0.6928 for a test
=> The broad based USD strength continues and we have December hikes to begin pricing in. After NFP today (expected to overshoot) odds will be in the 'done deal' category for hikes.
=> While Australia's trade surplus helps as a buffer against the yield disadvantage it is only moderating the AUDUSD decline.
=> The yield disadvantage is not changing any time soon and we see the bottom of the channel open for those on the sell side.
=> Good luck to all trading this pair in NFP .. lets see how it goes
Australian Housing Market under pressure=> Here this is a very complex and advanced environment for all trading the break above
=> Our base case scenario on Brexit is for a hard/no deal, although with that said there is still enough political momentum in the short short term to give further gains to Sterling.
=> UK Yields are rising with PMI and housing data remaining robust (won't be the case for very long)
=> On the Australian side we have a very vulnerable housing market on the brink of collapse, and continual rise in global funding costs.
=> We are simply trading a knee jerk to the upside here as AUD bulls capitulate
=> Good luck to all those trading in live or tracking closely
AUDUSD is reaching the demand zoneKeep an eye on this fresh demand zone in the daily chart of Australian Dollar. We will consider taking a long position if we reach that zone.
Cheers :)
GBP/AUD Short Setup- Price retesting the daily support
- Potential triple top to be formed if this level rejects price once again
- Re entered the consolidation range where price is struggling to beat 1.8185 level
- This bearish bias is supported by confluence as this level is also the 61.8 fibonacci level on the H4, which suggests that the retracement could be over
- A series of consolidation illustrates uncertainty and price exhaustion around this area and awaiting a bearish swing
Aussie DollarThe Overall trend on AudUsd is weak and we may see more lower levels tested on this pair.
As seen on the chart, both the channel and resistance level collide around 0.7320/0.7350 levels. There is a failure breaking past this demand zone hence we are more shortist on this pair. Find better price if you are going to trade, else a destination to Australia will be Ideal now.
USDJPY is another pair that we are watching, bearish view remain intact with 113.15/113.20 resistance still not tested.
AUD/USD headed for 0.7360 centWill likely retract to 0.7360 downtrend line in the shorter term (red arrow).
AU shorts for today. - Bearish every Friday for the past 3 weeks
- 786 retracement
- Structure resistance pulled from weekly time frame
- Rejection off 50 period EMA
- RSI been consistently under 50 line with previous 'fakeouts' above resulting in strong moves lower
Waiting for a reversal before going short.Strong week for the aussie across the board, getting back to the upper band of its downtrend channel in $AUDUSD which coincides with the 61.8% Fibonacci retracement level of the Jan'16 low to Jan'18 high, i.e. confluence of strong resistance, good risk/reward area to go short
AUDUSD: LONG Opportunity BuildingVery strong Bullish price action on the Aussie/Dollar after finding support around the 0.7085 handle. Price has completed a bullish head and shoulders pattern but is facing resistance at the 0.725 mark.
My system has not given a trade signal, so for now I am simply monitoring the pair to see how it follows through for the rest of the week. It is worth noting that Dealer Intermediaries have grown less net long the Aussie over the last two weeks. Next weeks CFTC report will likely continue this trend.
LEVELS TO WATCH:
0.72822 - Price crosses above the 40 period moving average.
0.7210 - 100% Fib Extension off of September low.
0.7306 - 161.8% Fib Extension off of September low.
0.73515 - 200.0% Fib Extension off of September low.
0.7315 - 0.7262 - Supply Zone
AUD/USD looking for double bottom. back bellow 2016lowsAUD/USD I am looking for a completion of a Head and shoulders stared on aug/31. Enough selling pressure can blow thru the 2nd shoulder and end up down at key support levels formed on sep-10. The above checkered red line is previous lows from Dec/2016. This is now a key resistance level that must be broken.
I would only enter this trade with more confirmation of a reversal and indication it is sticking to a double bottom/h&s pattern. Stop loss will be set tight, looking for 50-75 pips intraday, stop loss set tight. Longer trade can amount to 150pips.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
Completed 5:09pm LOS ANGELES.
Aussie starting to form a base here...=> AUDUSD (Weekly TF)
=> AUDUSD has been under severe pressure following the loss of the May 2016 lows
=> We expect the pair to find some short term footing via soft profit taking in the weeks ahead, with resistance at 0.7127 and 0.7170.
=> Although we like a bounce here at these levels, there is still plenty of room underneath towards the 0.6827 lows from 2016.
=> Best of luck
EURAUD - Gartley Pattern - Short- EURAUD just formed a Gartley pattern on the daily chart.
- Not only that - AUD futures has formed a bullish Butterfly Pattern which therefore means it is due to gain strength.
- EURAUD has also reached a very sensitive resistance area which can also be seen on the monthly chart.
9 - AUD/USD - September FREE SignalsAUD/USD labeled in an ABC bullish correction, where wave B unfolded as an Expanded Flat and ending the pattern with an Ending Diagonal in its last leg.
Expecting a solid bullish outcome.
AUDUSD is Forming BULLISH BUTTERFLY - Potential for Reversal!Hey Everyone,
Harmonic Pattern - BULLISH BUTTERFLY is Identified on AUDUSD (H4 Chart)
with a slight Overbought price action, where H1 chart is Closing with Bullish Piercing Line,
and hence we'll go Long on AUDUSD with these preferences,
BUY AUDUSD - NOW or 0.71800
STOP LOSS - 0.71282
TARGET 1 - 0.72692
TARGET 2 - 0.73157
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
AUDUSD Pending LongAUDUSD closed bearish in the previous week with an ugly weekly and monthly candles closing well on its lows, also below the ~70.5% fib from which it bounced the previous month. Leaning bearish and looking for a bounce after December 2016 low has been taken out.
PLAN OF ACTION : Looking to long after a possible stop run on December 2016 low of ~0.71602 if PA shows some sign of reversal. If not then lower around the next Fib level of ~78.6% and possible run on May 2016 lows. Will update the idea later on as price action develops. Also might take a small short position if given a chance for a pullback. However not comfortable to short a breakdown on a support where price might spring up after a few pips of drop. Gonna update later for setups on lower time frame if time permits. Good Luck
AUDUSD - INTRADAY - 50 PIP TARGET! LOW RISK!AUDUSD broke dynamic support trendline and retested. We can short AUDUSD now at 73.30.
SL: 73.50
TP1: 73.00
TP2: 72.85
Trade safe and practice risk management!
AUDUSD - New Higher High till 2019?So you could count the Australian dollar against the US dollar as abcde formation. Breaking out of the two red trend channels (strong & weak falling), I would expect the activation of this trading plan on a weekly basis.
The target point would be on the AC line and should be in the 0.84 range, depending on how the move develops in the next 9 months. On a daily basis, there is also a beautiful hammer candle from the 15th of August.
AUDUSD Short Opportunity - Pullback TradeAUDUSD is currently at 61.8% fib retracement from the last swing high of 74.51. The pair is at a strong resistance right now, therefore we can short this pair and target 40 pips for our first take profit level, and 60 pips for the second take profit level. Stop levels is set at 30 pips.
Sell AUDUSD
Entry: 73.50-60
SL: 73.80-73.90
TP1: 73.20
TP2: 72.90
