Data on the number of US weekly jobless claims is better than expected. Bullish for US DOLLAR.
Taken the opportunities on the positive data from US jobless claims, I've set 3 pending orders for short on this pair for 3 initial targets. Total of 218 pips.
3 TP was set for 3 orders. 2 closed. I still expect the pair to continue fall towards the level of 0.7490....
AUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average.
Key Points
- Rising Wedge (Bearish)
- Double Top (Bearish)
-...
these are our 3 possible "short zones"...
at No.1 price touched and reversed from the zone...means some "old" bear orders were filled here ...
question is : are there enough open orders to push price down again or will we see a raise to point 2 or 3 ?
we also could see a forming tripple top here..
waiting for some PA and lurge like a leopard
Due to AUD currently being one of the weakest performing currencies and also along with that a highly expected rate cut by the RBA I am shorting AUDUSD for about 310pips.
Hello traders,
We have a potential Gartley Pattern which presents an opportunity to go short.
Entry @ 0.7529
Target 1 @ 0.7506
Target 2 @ 0.7493
Stop-Loss @ 0.7549
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Aud/Usd - (Sell/Short)
I have broken down this pair and my bias is short, I have a setup in place
Overall i have identified an Uptrend (Daily) with a Bullish channel inside (4H)
Price has now broken out and is now looking to retest
We could potential see price move lower if there is a break below 0.71000
Took this trade just minutes ago. i feel its a trade worth taking because of the following reasons:
a) we have a clean break below trendline
b) prices are responding strongly at the 0.786 level
c) a potential double top has formed and should see this pair go southwards
With the poor aussie employment data today, prices should go south from here. Will be watching...
SIMPLE TRADE SETUP:
- OVERALL DOWNTREND
- PRICE TOOK OUT PRIOR SWING LOW AND PUT IN A NEW LOWER LOW
- BREAK/RETEST OF SYMMETRICAL TRIANGLE
- DAILY SHOOTING STAR/DOJI CLOSE OFF 61.8% FIB
- ABCD IN PLAY TARGETING 0% AND -27% FIB
AUDUSD has retraced to a S/R level, which means it is a good time for bears to hop on the downward trajectory bandwagon. Target 0.68 if brave enough and pick up $1k on a single lot trade!
Hey there traders, this is Ahmed from Pro Trading University,
Everything is explained in the chart except the stop loss & targets.
The stop loss goes 10 pips above the previous cycle high.
Initial target comes at previous structure (the bottom of the double top).
And no, the head & shoulder doesn't have to do anything with my entry, I just felt like drawing a man :)
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...
