It seems that the AUD will either goes to the demand zone or the Supply zone. My analysis It will goes bull to the Fakeout Zone Area and will probably continue to go up until 0.77633 . Please continue to watch the AUD and . happy trade
This is a short term sell to 0.7510 where I expect a violent rally to 0.7664 after that.
Short - rejection from 0.76 round number and 38.2% retracement of the down leg. Fundamentally there is monetary policy divergence between RBA and Fed which supports this trade. Hedge with AUDJPY longs from current levels.
Several Confluences, Strong rejections of level 87.5 & 88. The price is exhausted. Weekly - Strong rejection of 88.00 Daily - Bullish exhaustion. 4h - Strong Bearish Impulses with small bullish candles(possible retracements). Scenario 1. If the price counter trend holds and a break of the lowerline trend line support. A potential target would be 85.5(AB=CD...
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
Price is at key resistance level of 0.7583. Believe price will bounce off this key level and bears will push price action down to 0.7382 support area.
*Trade at your own risk
Update on previous idea, made some pips off the sell setup, showed bearish action but broke up! Watching for this buy set up! :D
Rounded bottom in AUDSGD & potential breakout of its historical distribution.
Please see annotated chart for details.
waves theory on point ... i thing is time for short
USD still is very strong, and secound reason to go short is that proce created very good impalances in last move down without retracement. I will wait around FIBO 61.8 to open sell position. R/R 2:1
Currently short audusd after rejection of double top structure. I'm expecting a roll over to make new lows at 0.70678 and ill be taking partial profits should the market get down to previous low. really nice risk reward on this trade as well
Please see annotated chart for details.
Short taken on Friday. noticed the 3rd trend line touch, alongside the formation of a tweezer top at the 50% fib level. The MA's have also just crossed indicating downside momentum when you go down to 2H time frame, which i entered off after a counter trend line break. entry @ 0.7318 stop - 0.7370 tp1 -0.7165 tp2 - 0.0750 1:3 risk reward peace !