AUDUSD: Trading Plan Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 18, 2019 10:06 AM

Momentum is slowing down on AUDUSD as well.
After a strong bullish impulse, we see that the market is trading within a narrow rising channel.

In case of bearish breakout we can short the pair.

Target levels will be
0.682
0.68

Stop will be above the highest point of the channel.

Comments

Inye

⋅ Oct 20, 2019 8:34 PM

Vasily you are amazing. Thanks.

suntrader

⋅ Oct 20, 2019 2:46 AM

I always appreciate your analyses. Thank you Vasily.

shanny

⋅ Oct 18, 2019 12:15 PM

AUDUSD: I think the price will reach 69 level in the next couple of days.

Antonio_trader

⋅ Oct 18, 2019 10:17 AM

I like it, we should go lower before major long trades get triggered. Long term I see this pair going up as USD devalues. Touch on the down trend line later and 200SMA is right on the trend line as well. Then we break.

VasilyTrader

⋅ Oct 18, 2019 11:48 AM

@AntonioFX777, good thoughts Antonio
And by the way, very well presented idea!

Antonio_trader

⋅ Oct 18, 2019 12:07 PM

@VasilyPonomarev, thanks Vasily! You do great analysis!

VasilyTrader

⋅ Oct 18, 2019 10:07 AM

Ask questions and share your ideas here!