AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and...
AUD_CAD reached a confluence of resistance levels.
So we are bearish biased and we are looking to open a shot trade.
Wait for the flag resistance to be broken downwards, then go short on pullback!
IF there is no breakout, the setup is invalid!
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🔸 AUDUSD - Market Commentary 2020.10.21
The following play is aiming for a test of 70c; after a very dovish RBA earlier in the week opening the window for negative rates, we have some more downside to play. Wellll done all those selling AUDCAD , AUDUSD and AUDCNH . Volatility is going to continue to expand as we enter into the elections which will weigh...
EUR_AUD is retesting the broken key daily level.
The pair has been falling in a downward channel and has now formed a double bottom right on the key level.
Wait till the breakout upwards of diagonal and horizontal resistance happens.
Go long on pullback.
If there is no breakout, setup is invalid!
Thanks for watching,...
For 9 straight years the Aussie Dollar has been in a horrific bear market. And at this point I don't see any reason to bet against the re-emergence of this bear trend.
Picking bottoms is notoriously hard (something I actively avoid). So thankfully with this setup I see a great risk reward opportunity on the short side.
Hello and welcome back. If you found this idea helpful, please leave a like. AUDUSD is looking bearish. I was a bit too ambitious in looking for higher prices in this pair last week. I am now looking for 0.7000 as an objective to run out those lows. A retracement higher to those purple lines may be a great entry.
Same description as previous - as it still stands.
We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily.
Trade 1 has been taken,
Trade 2 - un-activated - as price may attempt to settle around 72. XX
We will share our new analysis for DAX30...
OUR VIEW ON #AUDUSD
MARKET STRUCTURE BREAK FROM .7200-.72500 CONSOLIDATION ZONE
WE NOT WATCH FOR RETEST OF .72000 PRICE ZONE
IF FAILS TO HOLD,
WE ARE TAKING IT DOWN TO .69250 AT LEAST!
Always ONLY Risk what you are ok to lose.
THE TRADING REGIME.
Based on the chart outlook, We were able to count a complete double zig zag
Elliot wave corrective structure on EURAUD, this suggests that an impulse wave will resume in the bullish direction
so far the confirmation level is attained.
This pair had an attempted kumo breakout and bullish kumo twist before falling back down into the kumo.
I am looking for a kumo breakout to confirm an entry for a chance to get long.
If we can get that breakout and jump up past our previous resistance we saw last week then this will be one to hold for the week.
I've drawn out some partial take profit levels...