Aussiedollarshort
AUDCHF SHORTMy analysis is that the price already passed my favorite magic fibonacci level in between 61.8% - 50.0 %, It will continue to go short until 0.71471. Furthermore when you take out the trend line it makes a 2 LH and 2 LL which make the setup even more strong for the aussie dollar to go short for next week. be sure to keep an eyes for this pair!
Make sure to put the stop loss around 0.73600 which make around 20 pips. Trade safely!
AUDUSD SHORTShort taken on Friday.
noticed the 3rd trend line touch, alongside the formation of a tweezer top at the 50% fib level.
The MA's have also just crossed indicating downside momentum when you go down to 2H time frame, which i entered off after a counter trend line break.
entry @ 0.7318
stop - 0.7370
tp1 -0.7165
tp2 - 0.0750
1:3 risk reward
peace !
AUD/USD - TESTING THE 3-MONTH FALLING TRENDLINEFX:AUDUSD
AUD/USD DAILY
The rate broke the gap resistance yesterday and is now testing the 3-month falling trendline and former support level at 0.7330.
It came within 10 pips of stop loss, but I am still holding the positions and will be looking to scale in the trade.
My bias is still lower, however I am will be waiting for today's NFP figures before entering any new short positions.
A break above the trendline and yesterday's high at 0.7356 would invalidate my immediate bearish bias, but only to wait for a deeper pullback towards the broken channel around 0.7500 to sell from better prices.
AUDUSD Short AnalysisUSD strength expected to continue.
price recently broke daily support and re-confirmed this as resistance (orange line)
before moving lower.
Higher TF support break missed, so looking for short entries on hourly support/resistance levels.(green lines)
entered at 0.72400, suspect this to form resistance and TP at lower previous hourly support.
AUDUSD SHORT: Fundamental and TechnicalFundamentally: growing monetary policy divergence between the Fed and RBA.
Technically: AUDUSD has broken the 2016 uptrend line.
A 38.2% correction from recent lows was to be expected, given the sheer pace of dollar strength.
The next leg is down to 0.70.
Perhaps the best trade going into 2017.