AUDUSD H4, Short at 0.71540 , Wait for the confirmation. SL & TP are mentioned in the chart. Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
London open took Asain highs Broke MS on LTF's NY open come to OTE and took intermediate highs - entry RBA interest rate news so SL to BE
! Aussie DOWN! No support there!
The fundamentals point towards a fearful economy for Australia. "Australia's central bank flags chance of further sharp fall in unemployment" was the most recent update after the Monetary Policy Meeting of the Reserve Bank Board. This month, at least, we should be expecting that to be enough confirmation to change bias to short. The United States has had better...
This pattern looks like a classic quasimodo pattern, which is indicative of institutions flipping their positions to shorts... Expecting a pullback to the blue line and eventually it should dump as US dollar index looks to rally hard
This trade is a continuation of the current price direction. We have stops above our general general trendline, 50MA and swing highs. Looking for two take profit levels using Fib retracement.
A bearish engulfing patter formed against dynamic resistance of the 21 EMA in a major down trend
Hi guys, After one month vacation in China, Hong Kong, and Canada, I finally returned back to Australia. Let's see this currency pair how bad it was. By using simple trend line analysis on the left chart, you see the recent structure retested back to a black valid trend line that drawn from 2016-01. The red star gave you some ideas that AUDUSD could not able to...
I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin...
I got into this trade May 23rd @0.7568 and it's been hovering around 0.75600 just below the point of control and trying to break the previous resistance @0.76 and it's bounced around the 200 moving average. On 4h divergence is present the whole time the bulls have pushed higher, therefore reducing volume, their heart is just not in it. They've now failed to...
Aussie dollar - Buy setup with targets at 0.7650 and then short from 0.7650 down to 0.7350
This Analysis is off the Daily chart and is more of a typical swing trade setup that I love take. I am looking for a break of major support around the .7640 level so I can take a long term sell. I would then look to approach the previous lows around .7514 If we fail to break that support area or any of our bearish confirmations change to bullish, this setup may...
AudUsd - Daily chart - I see a good oppurtunity to sell all major pairs against the dollar. Audusd here is at the perfect zone to sell for a minimum of 150 pips target to the downside.
Looking for an opportunity to buy dollars & sell another currency? Selling AUD presents an attractive opportunity at the moment. Australia is a currency heavily dependent on commodity flows as well as production of its trading partners. With the weakness in PMI's out of Asia coupled with Australia's private sector credit remaining a noticeable concern -...
I hope a few people got on to my call last night which is currently sitting pretty with 100 pips in the green I do expect bull to retrace us however. I'm also changing to light blue blackground as I believe this is more calming for the mind and trading is all mindset and an edge, happy trading, trend is your friend go bull for a bounce then rejoin the bears, all...
1. H1 ascending trendline has been broken. 2. H1 Pullback . 3. H4 MA's cross. 4. H4 BB2.5 retested. Entry: 0.7838 TP1: 0.7800 (RR1/1.68) TP2: 0.7770 (RR1/3) SL: 0.7860
Velocity of money has significantly declined over the past 5 years. This puts downward pressure on the economy and Aggregate Demand should be negatively impacted.
AudUsd - Daily time frame. I see a pullback on dollar index so I am expecting USD strength and this pair to drop another swing down.