Just an amateur opinion about a nice pattern which is forming on AUD/USD. The price came closer to the .886 level from XA leg and if the price will touch this level (0.69924) we'll have a good risk/reward ratio and great opportunity to enter in a long position.
AUD/USD showing indecision with spinning tops on Heikin Ashi average price. Price broke below a short term resistance level which opens the door for price to go lower.
look for break out of resistance around 0.7295 if it break then it will good to buy for huge move up
A lot happening here on 1 hour aud/usd . We have a potential Cypher Pattern (blue),then a Butterfly (red) at 0.71447, followed by a Crab Pattern (green) and then finally a massive Bat pattern (yellow). Many trading opportunities here. Choose which one you you like the best, or just trade all of them. Happy trading :)
Firstly, I identified a bearish bat a bit ago. In addition tot hat you have on the weekly chart a strong resistence that I think will keep the price moving down. WHICH leads to....... SHORTTTTT
It seems to look like bearish gartley pattern in Daily Chart.... Sell 0.7250 TP 0.7200 SL 0.7350
Most Likely will be a long. But if it's not we move to plan B which is to short. :) Green Rectangles are a take profit areas This Idea was based off Trading_Jazz Monthly Cypher Pattern that he posted in the Forex chat. that was the reason I decided to look at AUD/USD and do some analysis. Here's the link to his profile if you want to check him out. www.tradingview.com
The bearish bat lines up, and today's news with the AUD should send the price down... Can anyone give their input, I'm new to this.
Declining resistance, Area of supply, 100 day MA CCI channel 9 straight days of gains in a falling commodity prices environment? the fundamentals just don't support the price right now.
Hey traders, We have a Cypher on the Aud/usd coming up at .7085's risk to reward is good considering its a Cypher, so If price action can touch those levels we will be looking to get long. Simple Trade, the market hasnt been showing much for me to get in on, hopefully the week continuous our success last week ! Like always if you have any questions, comment...
Buy @ 0.7400 SL @ 0.7300 SL 2 @ 0.7200 (if you want to be more careful) TP 1 @ 0.7430 TP 2 @ 0.7470 Pattern type==Inverted head & shoulder
Currently a double Top...So, in my opinion this price might come down to 0.7370
Well this is interesting :p....Because i spot another bull flag....At the moment i wouldn't buy this pair, because it's trading around the 61.8 (golden ratio area) in H1, However it is also possible we might form a double top around 0.7427. Not expecting a break above that at the moment, but anything is possible :).
Just entered this trade as I still believe this is bearish momentum for this pair and the AUD pairs in general all across the bigger timeframes. For that reason, i've decided to play that out on the hourly w a expected target of around .7255
Just entered this play within this hour. AUDUSD is showing weakness all across the bigger timeframes as well as pretty much most AUD pairs right now. Based off of that, I'm using the hourly chart to pin point my entries and Im expecting the bearish momentum to be reflected in the hourly Expected Target is around .7200 giving around a 80 pip target
Posted this one along with USOIl few weeks ago that i was anitcipating a selloff which for this pair it is in line with the overall downward trend on the bigger timeframes. Target just reached now securing in over 300 pips Attached in the related ideas is the original post
Just entered 20mins ago and this is in line with all the long trades i'm taking n posting for today. This is more of a channel breakout without any clear trends as i'm still bearish on this pair on a daily perspective. Expected target is around .7480
AUDUSD_ forecast Aussie is located at the moment in a demand area, namely within our dark green rectangle. The support upward trend line with an angle of 20^o has been broken at about 0.7570, anyway the current price at 1Month chart is still supported by the downward support trend line in yellow. Some scenarios for Aussie : 1. Wait and Buy@0.70200, if the D1...