Aud usd seems to be having a wave 4 retrace. It also hit the 4 hour trendline and rejected with a bearish 4 hour engulfing candle; so I will be shorting this level to TP
If the ascending channel break down i believe we go back to 4 hour support zone; where if we find support, we may start moving back up the larger channel to the weekly/daily resistance.
I entered short at 0.753 with sl above 0.763 There is going to be lots of headwind against AUD. I'm still in trade end added additional position at 0.7597 stops have to go above 0.763 I'm risking 3% of my trading acc if it goes wrong it can, price is in uptrend + few institutional players.
AUDUSD Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AU is still very bullish but is at key resistance. We will continue to ride with the bullish trend and look for conservative entries only. Ideally we want to see a break and retest of 0.76000 with a higher low above before we can comfortably take long positions....
AUDUSD touching resistance zone which has not been tested since June 2018. We expect price to break through, however the bullishness remains to be seen depending on this weeks liquidity in the markets.
AUSTRALIAN DOLLAR / U.S. DOLLAR AUDUSD Daily Technical Analysis
AUSTRALIAN DOLLAR / U.S. DOLLAR AUDUSD Daily Technical Analysis
AUDUSD broke below trendline yesterday, from the lows we have been seeing this week. Currently looking to break above after having gained support in the fib golden zone. SL - 0.7540 TP - 0.7620
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.755). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
FX:AUDUSD . . Maybe higher prices are going to touch in this currency pair, but DON'T FOMO! . . . Wait for the price to rest if you want to go long. RSI Is in overbought area. . . tell us what is your setup on AUDUSD in the comment section below.
AUDUSD Long idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: This pair has been very bullish and is a bit over extended on the daily timeframe. We are going to look for long opportunities and ride the bullish trend but we want to wait for a more conservative entry. Ideally we would like to see price action pull back to form...
According to the chart the trend is up and reaching 0.7578 will resume the uptrend. we have to wait until the stimulus agreement to counter trade and short selling. If USD becomes weaker we can see the price at 2018 June top in 0.07677. resistances: 0.7578 - 0.7677 supports: 0.7542 - 0.7507 - 0.7475 - 0.7458 It is better to trade with buy positions.
AUDUSD is trading just above support level. Going long with SL - 0.7512 and TP - 0.7565
SIMPLE 1.2.3 If this plays out then we will see this possibly come into form REMEMBER LEVELS DO NOT HAVE TO HIT EXACTLY SO PROPER RISK MANAGEMENT IS KEY On the topside, traders seem to be respecting the old trendline that connected highs from November 27 and December 3, then became a support on December 14. Today, in the Asian session, the price traded above...
Waiting on AUDUSD to find confirmed support and look for long positions once again. Sl's below 0.7520 and TP 0.7585
AUDUSD forming double top , more downside! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
AUDUSD forming double top, more downside! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.