AU 2618 tradethe chart basically says it all.
watch lower time frame for confirmation of rejection from price level 0.793 or from the 0.618 retracement level
D-AU
AUDUSD : My trading journal breakevenI have trade after It cross MA20 , but there are fast fall off, so I decide to close the trade before loss.
AUDUSD : head and shoulder? in the future...It is fall sharp and then sideway,
I think it is possible to go up or down.
If go up, it can make the right shoulder.
Good Possibility holding a short @0.7540 and shorting again @0.7501 tp@0.734 range for daily support . If wrong ill break even SL@0.752 but if right then nice gain on the Short. Usd has been strong so looking to short everything against usd which makes me think the Bears will break Support and become Resistance . Trading support & resistance would make u want to Go long but i dont think it will respect also with EMA Crossover to support my Prediction . If wrong and break even i will be looking to Go Long targer 0.755 levels and 0.761
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!
AUDUSD - AU has a hard timeAU reached the confluence point of both forks and a heavy resistance from prior highs.
If price breaks above the white U-MLH, I would be willing to buy a retest.
But, because the blue L-MLH was expected to be retested as of the rules of the framework, I can imagine price to bounce back first, bevor breaking to the upside for a longterm move.
Observe...
P!
AUDUSD m15 with Dow therory pullback TPI bought and set TP stop loss in the image,
Practice the scalping in 15 minute chart
Short $AUDUSDbig risstance right here on 1D chart downtrend confirmed by indicators more so in 4h but reverent in 1D.
setting my stop around 0.77160 ( maybe slightly higher ) just above major resistance
i believe it will return to the bottom of the long term trend channel (green line) but going to adding/removing positions at each support/resistance depending on market outlook i will try to keep idea up to date final target around 0.74 ish
GL
Short AUAU at strong resistance. Looking for short positions UNLESS price breaks and closes above the resistance on 4h
AUDUSD : Potential support areaYesterday it is fell sharply. In technical trade, I think it is like spike pattern, and will go up around 50%.
now it meet support area, it can pullback or consolidate in this area.
NEWS:
Yellen's speak,
AU Bearish Day TradeLooking for a retest of the early morning low. Trade setup on the 5 minute Chart.
AUDUSD - SHORT Approaching strong resistance and looking for a rejection of this zone.
Looking for the trend line to break.
We also have MACD divergence present.
AU is still very bullish enter according to your plan.
AUDUSD - SHORT ITAU is at a resistance zone
looking for a break for the minor support ( grey box) to enter short
AUDUSD Shortlooking for an AU short as we are near the .618 fibo
Waiting for a breakout to the down side
Pip 2 Pip Some say intuition is irrelevant when trading, I believe its the holy grail.
Become in alignment with the market, with an attitude of confidence. Allow flow to guide you in the markets direction & you will be pulled to the exact PIP.
GOLD 2% DROP WITH A 2% BOUNCE UPGold have become exhausted (13) as price reach fresh supply at 1308 which also happens to be a reversal level . The lines you see on the chart are MIDAS Curves, they represent important reversal levels in the market.
Bearish Bat near Completion NUEven though it formed a double bottom from at points A and C, if you drag your fib from A to B the candles closed just over .886 which validated this bearish bat pattern. Looking for a push up between .7230-.7245 before taking a sell. First TP would be 38.2% retracement, Second TP would be at the 68.1% .
Extra confirmation
1. Testing a daily resistance point at .7225
2. Divergence from X to D on a 4h chart
3. Supply Zone from .7260-7230
Would Love some feedback & thank you guys
Good luck trading
considering short audusdbased current chart short is most recommended....
based on fundamental view, short on au till next year as aud still in easing mood and usd still in tightening mood
