Entered trade with trend based on
- expecting USD to come into some strength this week check DXY
- falling wedge formed (still waiting on entry)
- entry is on 61.8 FIB
- the oscillator on the daily has reached oversold and moving back up
- UTA starting to turn around
- looking to take profit at top of range
Entry with trend based on
Entry off the previous range low and stop loss on the top of the down movement that pushed price through support.
Indicators
-Spectro-Oscillator zero point cross
-UTA bearish volume coming in
-Spectro M2 in a clear down with a warning signalled
on the usd/aud set up, price has been moving in this consolidation period with price testing major resistance zone. Waiting for price to confirm the short sells.
Hello Tradingview:
Nice to be back to charts and trading after a long break.
In this quick trade, I am looking for a nice 1 HR pullback to good support, forming higher low and inverse Head and Shoulder before entering the trade.
Rejecting the EMA, fibs retracement, and MACD divergence all given me positive confluence to enter.
Easy target of 1.5:1 RR, below...
Looks like a decent H&S in the making here. But, the rally prior to it was very strong one. So it could turn into a bullish wedge, but when looking at the daily, it could be the short term high is already set. I have 2 targets, as you can see the trade i posted and the second one i will use is the yellow circle. I am waiting for a better entry, like the blue...
The previous trade was picture perfect getting in at the high and taking profit at the low. I said we might get a reversal and some have asked me why i did not trade that reversal, for me that is simple:
I don't like to trade the same coin too many times in a row, because that increases the risk of getting emotional on a trade. If i would not have shorted it and...
USDAUD analysis...
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what...
AUDUSD Finding support around the 0.75000 region, making HH and HL's - Looking poised to get to 0.7600.
Daily Rejection looking solid, with the strong bullish close on the 4H. WIthin the descenting channel - looking to test the topside of the channel. A breakthrough of the channel high (0.76500) would lead to further gains in my opinion.
Patiently waiting...
AUDUSD Daily Chart
There's jamming at the price. I think it will move up after horizontal motion for a while.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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AUDUSD looks super bearish.. my second trade with AUDUSD short for SWING..USD super strong... Let's make some pips..
Please hit "LIKE" to support and follow for more ideas..
Vinny
FX:AUDUSD Hello traders, a simple idea on AUD/USD.
As you can see, the trendline has acted a solid support for some time. I expect it to hold one more time and we will have a buy setup. Stop loss should be below the trendline. I'll keep this updated.
