After reaching a low in 0.76 zone, AudUsd started to correct and reached 0.7770 zone resistance. The medium-term trend is down so I favor selling this pair
AU create medium bearish divergence(Price: equal high;; RSI Lower High) with bearish butterfly pattern!
AudUsd has started the year with a correction mood and the pair dropped from 0.78 zone to 0.76 zone support. A recovery followed and Aussie made a new attempt to conquer this resistance. Yesterday we have a bearish engulfing from this zone which could mean that the pair is ready to roll down. Targets for sellers are 0.7650 and 0.7600 and a daily close above...
Like many of you, I was also wondering how long can AudUsd go without a significant correction, but every dip on this pair is constantly bought. From a technical point of view, we have a clear short-term top above 0.78 and after the trend line break, the pair reversed from support and started to rise again. At this point, this rise can be just a confirmation of...
This is AUDUSD 4H timeframe analysis, i'm expecting the market to sell for a retracement then it'll still buy
AudUsd is trading again above 0.73 The recent rise is in a channel, don't having much power, and considering the strong 0.7350-0.7400 resistance for this pair I expect it to drop to at least 0.7150 in the next trading sessions
Since the low of 0.7 zone, just before the election, AudUsd had a good run up reaching 0.7350 zone. Now the pair is consolidating and looks ready for a correction. I'm bearish this pair as long stays under 0.7350 and as target, I search for 0.7150 support
What we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each...
AUDUSD After reaching the year high around 0.74000 from yearly low around 0.56000 which is a 1800 pips rally. At 0.74000 it got some rejection and felled towards 0.70000 level which is a .786 Fibonacci retracement level and September 2020 low. From this point AUDUSD bounced back towards 0.72000 as a short term bullish correction. Currently the AUDUSD was driven...
Fib retest on hourly to -61.8%. Correlates with higher timeframe (4H) fib 61.8%. Then short to targets of 0.69100. (Following weekly bias) 💫
Previous when price broke this level it plummeted, im expecting price to do the same again now I am waiting for support to be broken before entry but below is the signal i will use AUDUSD - SELL SL - 0.71552 TP - 0.64478
AUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill...
AUD/USD was ranging all week and my short orders were stuck in the range, but on Friday evening, we were finally trying to break the support area. If the price broke this, we would see more bearish price action.
AUD is weakening and right now I would say this really looks like we are going to see a little more of bearish price action. Around 0.6800 price has strong support, so I would get out there.
AUDUSD BEARISH (1-3% risk management maximum) Please leave a follow and like if you find it useful and I will keep posting for you guys!