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Usdaud

SHORT EUR/AUDFundementals: Don't think there will be a second rate cut in the coming month till july. Projections: Rate cut for RBA July/August 2019 1.25 -> 1.00 Feb/March 2020 1.00 -> 0.75 Recent news: Trump might sanction germany, brexit turmoil and trade war. Hoping for a resolved conflict from a USCHN trade war during the G20 Summit. In the past 3 years price has been capped around this area, any upside sellers tend to push it down. Weakness in AUD is temporary due to prolonged trade war. I favour Short EUR/AUD over EUR/NZD.
Short
by ZonN
1
AUDUSD double bottom and bullish wedgeLooks like a nice setup here. On the left it looks like it might be making a bottom formation with this wedge. On the right we can see a possible double bottom. But it's a low time frame one, so not the most reliable. In a situation like this there are 3 options: Red: Going long now or after the small red resistance breaks. After the red breaks, i would say chances are like 60% Black; Waiting for a break up, than seeing a bull flag being formed close to the neckline of the double bottom and then getting in. This has a chance of around 75% Blue: False breakout, waiting for that and the bounce up. If we see a small V shape bounce back above the green, odds are maybe 80% These % are to give an impression, not to show you if it's a sure win or not. Please don't forget to like if you appreciate this :) Previous analysis:
by botje11
Forex 9 Seasons Rainbow Indicator Watch: USD Pairs 20190423USD is strong as a whole. USDAUD: as mentioned in my last idea "Forex Divergence Watch: USD Pairs 20190419", Bullish Divergence (Blue) has turned out to Crazy Bought (Lime) Crazy Bought(Lime) in 1H, 85m, Bullish Run in high volatility. USDCAD: is breaking out the resistance. USD Pairs being monitored: USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR Time Frame: 1H - 2D DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
by go8686
AUDUSD inverse H&SThe previous trade was picture perfect getting in at the high and taking profit at the low. I said we might get a reversal and some have asked me why i did not trade that reversal, for me that is simple: I don't like to trade the same coin too many times in a row, because that increases the risk of getting emotional on a trade. If i would not have shorted it and was just watching the price, i would have probably gone long. So playing both ways is not a bad idea, it just can be tricky, that's all i am trying to say :) Safe play here is waiting for the breakout and the pullback to the neckline (red zone) again. Previous analysis
by botje11
3