Hi traders, I must admit... I called this trade a little early for my students yesterday! I didn't though it would go back a second time test out the new support tuned resistance + FIB extension above. I'm not mad though.. a double confirmation is even better to show us that the bear trend is in full effect. Now we are looking for this pair to resume what...
Shorting AUDUSD Based on 1) Indicator 2) Trendline 3) Forecast on DXY strength
Hi traders! As I'm looking at this chart, it's telling me that AUDUSD as somehow topped when it traded to 0.80 and now is looking for some retracement before knowing the real deal. MACD already crossed and RSI seem to have maxed out. RR is our favor here since we are shorting a TOP. AUD/USD SHORT ENTRY : 0.79307 SL : 0.80042 TP : 0.76887 Trade safe!
Currently price has been showing a bearish momentum, it confirmed that after the 4HR trend was broken. We can see price is coming back up making a new Lower High (LH) with that made it will bring price down making a Lower low. Also confirmation on the 15M trend break was good one so we are taking this one short. www.blueprintforex.com
Our preference: position below 0.7605 with targets at 0.7560 & 0.7535 in extension. Alternative Scenario: In excess of 0.7605, aim for a continuation of the rise with 0.7630 & 0.7655 in line of sight. Comment: the support sinking to 0.7605 triggered a bearish acceleration on the support at 0.7535.
Hello fellow traders, It looks like we are having a good timing to enter short positions with Audusd. It has nice Risk Reward ratio. The trend shall make a nice move to the down side and accomplish wave C. Sincerely, Trader.
Already opened position, but figured I'd put a chart up for it as well. Short.
Our Plan Sell @0.7695 SL-0.773 TP-0.76 (We have sold small lot @0.7675)
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Possibly a wave five has started at the top of the correction I'm expecting a nice three waves down before bouncing up.
Entry : 0.7575 SL : 0.759 TP : 0.744 Risk/Reward : 9
Looking at the AUDUSD D1 chart, I'm MT bearish bias where I'm gonna short this pair when it comes to my resistance & SND region between 0.7600 - 0.7650.