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I think there will be a good move down
Looking at AUDUSD short breakout, i believe the pair has one more push to the downside before we see any possible buys taking place. Looking to short the pair short term to the channel below and a possible push further before the buyers start gaining momentum. This is a short term trade and i will be watching again this pair closely as it is close to my channel...
As you can see in the graph above, once again the AUD USD is approaching the 200 moving average line which is used as serious resistance, only this time compared to the previous times we have the beginning of a rising trend. The Stochastic is already in the area that points to Overbought. Our recommendation is to let AUDUSD touch the line (15/20 pips) and then...
Price is bearish as Dollar had gain momentum, so high chance the price to fall after touching the resistance.
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If you look at the M charts you see this minor zone was already broken several days ago and I see this as a retest. Will it bounce off 50 or 61 lvl of fibo and rally to major monthly resistance ? or could this be a trend reverse ? Let's see. Also RSI indicating a drop. Would like to see what you think of this so feel free to leave a comment.
AUDUSD took a large market gap this week and it broke below the major support marked out by the pink rectangle. We expect price to come back up to retest this area at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level which is where the bottom of the descending channel price is traveling in.
After bulls failure to go up , now consolidation period. After consolidation breakout. Daily chart trade so it can take for longer time to hold position. 1:1.5 risk reward ratio trade. Good luck!
AUDUSD Price has been travelling in a triangle as shown above, however we have just seen a breakout to the downside. Price has already made its way back up to retest the triangle and now we are expecting some short opportunites. HOWEVER Price has also been travelling in a horizontal channel and price ATM is in the rather large support zone of this channel,...
Pair: AUDUSD Prediction: Short / Sell Target: 0.70200
Pair: AUDUSD Prediction: Sell / Short Target 1: 0.71400 Target 2: 0.71200
AUDUSD is currently bearish on the 4H and we can expect it to fall further as the current consolidation zone does not seem to be strong enough. Place your SL anywhere near the last high and short until the trend shows strong support and reversal. Trade safe.
Audusd - Daily - Short bias due to trend line resistance and price at a daily supply zone.
FX:AUDUSD H1 Chart, Divergence, Sell Trade setup