AUD - BEARISH
1️⃣ The RBA struck an overall cautious tone with the dominant focus for the central bank remaining on the coronavirus outbreak - the greatest risk to Australia's economic outlook.
2️⃣ RBA forecasts a 6% drop in GDP over 2020, and given the country's spare capacity, the RBA expects inflation to undershoot its 2-3% target for the next two years.
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
- Price reaching our current Higher High, we can see that the price is overextended and overbought.
- The best to do now is to wait for a lower timeframe confirmation of a reversal and enter then.
- If price breaks this level, ket the price consolidate first before entering long.
- Preço a alcançar o nosso higher high atual, podemos também ver...
Trading the 1 hr but entered on the 15 min. Price broke a level of resistance and has held above it leaving wicks on the 1 hr. Wish I could have entered at the level that seems like it creating a support. Also see a double bottom on the 15 min, which is a good confluence. 1-3RR trade of course. Move SL to break even once it gets 12 pips in profit or hits my 1-1 target.
AUDUSD market structure is bullish. Price is also above the 100-period EMA on the 4H Chart. Price bounced up from the previous low. It is likely that the uptrend may continue to 0.7220.
I have already bought at 0.7100 and would be looking to add more buys if the price dips towards the buy area again. My TP is 0.7220 and SL is at 0.7047. Expecting a continuation...
This analysis for AUDUSD on time frame 4 Hours.
We wait retracemment till entry point than we can entry "BUY"
YELLOW - ENTRY
GREEN - TAKE PROFIT
RED - STOP LOSS
If you want update on AUDUSD analysis, Kindly follow and like.
Feel free to comment your outlook and
Share with your friend.
Correcting final Friday's buying and selling session, the pair didn't exit the vary of its bullish channel, and this may increasingly solely occur if the AUD/USD pair strikes steadily under the 0.7000 help. Foreign exchange merchants, particularly those on this pair, are monitoring the extent of tensions between America and China as a result of the latter is...
As I ve expected, AudUsd rebounded from 0.7080-0.7100 support.
The pair is trading now in short term resistance and we can assist to a new leg down towards 0.7 zone.
At least a medium-term top is in place as long as the pair stays under 0.72 and rallies should be sold
Recently closed 4H candle in AUDUSD looks like bears have managed to drag the pair lower from the resistance area. A pullback to 0.7040 is possible if the resistance area that I have highlighted in my chart holds.
So, there's a good chance to sell and make 100 pips. I have already sold when price moved to the resistance area and currently holding my sell for 0.7040 TP
AUDUSD just made a huge bullish push, breaking a key level on the 4hr.
Confluences for entry:
-Bearish candle pattern on the 1 hr showing sellers starting to enter the market
-4 hr candle that is about to close looking indecisive
-Bullish push has yet to do a pullback on the 1hr or 4hr
-15 min uptrend structure has been broken
How I will enter:
-Im looking to...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
AUD/USD is about to rise⁉️
After a breakout of the previous falling wedge and retest AUD/USD just violated the previous high at a key-resistance-zone and could continue the climb.
With an increase of volume and more bullish confluence we could see a very strong move to the upside.
Keep in mind that we`ll get to see the FOMC-Meeting today!
LEAVE A LIKE AND...
AUDUSD failed to go up after bounce from support and we expect that it will come to channel support blue line minimum,
if you liked this idea or have your opinion on it, write in the comments.
Follow us for more