FX:AUDUSD   Australian Dollar / U.S. Dollar

hey traders,

this week AUDUSD is predominantly bearish .

pair is trading within a falling wedge pattern.
I expect further bearish continuation to 0.672 structure support level.
I think that the majority of buying orders is consolidating on this level,
so there will be a high chance to see a bullish breakout of the wedge .

For us, it will be the entry signal.

Target levels will be: 0.675 and 0.677

Stop will be below the lowest point of the wedge .

*if the market breaks the lower boundary of the wedge , setup will be invalid
Oct 10
Trade closed: target reached: T1 reached
✅My Twitter: https://twitter.com/VasilyTrader
✅FREE Telegram https://t.me/VasilyTrading (Text me for VIP private group)
✅Your personal trading coach. Contact me for one-on-one online trading sessions.
Looking for bullish Entry too.
Can see Aussie is fighting back

Looking for bullish entery soon too.
Good job, as always
+1 Reply

Great setup! Probability increased by the symmetrical triangle on NZDUSD chart as well, that will trigger inverse H&S pattern.
+1 Reply
Good chart @VasilyPonomarev ... We are at the very lows in the monthly range, cheap cheap cheap value for those who are trading the dollar devaluation which can carry AUDUSD to 0.80xx
+1 Reply
@ridethepig, beautiful chart my friend!
Share your thoughts on AUDUSD here
malasaad VasilyPonomarev
@VasilyPonomarev, wow that was true.. :D reach 67.10 and then up.. good analysis!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out