This will play out far longer than most would want to hold, but it's nice to get a big view of the market when you're making your trades, looks to me like the market might have hit a major support where it will start turning up for AUD/USD, loving that wick and double bottom, last time it touched this area was 2016.
AUD/USD: We are leaning towards more of a long bias with AUD/USD. We feel that we could see this pair push past .74, although we are not weighing out the possibility of a higher low being formed and .7050 met once more before pushing up to the .74 area
Okay traders here we have AUD/USD, potentially looking like two great trade set ups. I feel we will be rejecting off the .7150 resistance and we are going to come down and test .7050 as support. Although it's important to note this pair is looking very bullish in my opinion so shorts will come with some risk. If you'd rather be patient then you can wait for it to...
sell #audusd at 0.7134 and take profit at 0.7070 do is 65 pips of move ;even for now the market back in risk on i found the #australian #dollar a bit much powerfull due to many fundamental and politic uncertainly this euphoria is about the hope on trade talks #euraud #audjpy
like all the time will made a trailing stop when got about 25-30 pips of profit
Hello Everyone.
Today we focus on an AUDUSD buy position that I just opened up as I am writing this text. We have seen strong downward pressure on the Aussie in the last couple days and weeks. We have now reached a possible spot for a short term reversal. Looking at the daily chart we find ourselves back down close to the 0.70000 even handle ( psycholocial...
The Australian Dollar depreciated about 76 base points against the US Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern at 0.7160.
Everything being equal, it is likely that the currency exchange rate regains some of its lost points within this session. The potential upside target will be near the monthly resistance...
We have two disting set ups on AUDUSD. One falling wedge pointing to a strong move up in price and one bear flag pointing to a move down in price. My bias is toward the bigger pattern which is the falling wedge, but it all depends on the news we get tomorrow. Follow for more trading ideas like this one!
AUDUSD has approached major support zone and we can either expect a bounce to the upside or breakout to the downside. I would like to see a double bottom on the 4h TF at the support and then target the previous high but the rest of the week is packed with news events therefore it will be difficult to make the decision before any news release comes out.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7245.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.7195.
TP4: S2=0.718.
Set the stoploss of these orders at breakout of R2=0.726.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Audusd looks ready to go up.
We might have a little drawdown, if you want to be more conservative wait for the 7220 resistance to break.
We have two bullish harmonic structures on the 15min. Selling momentum has slowed a bit.
If the daily candle closes below the daily support, i anticipate aussie further to the downside. The HH / HL trend seems to have stopped after 3 HH's. The AUDUSD sentiment will probably be very bullish at this point, which wil increase the chances of a short to 0.71000. Price has also penetrated the ascending trend line. I am going to open a short of the daily...
AUD/USD labeled in a Bullish Intermediate (C) (blue), with Minor 1 (green) and Minor 2 (green) complete.
Expecting a Bullish Impulse, a rally, to start and show a big extension in Minor 3 (green).
