AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22 Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 0.7171 short-term resistance level, overnight. Price formed an Inside Bar Breakout Pattern, earlier this week (We did not consider trading this pattern as it is an incredibly wide pattern which makes it hard to manage...
AUDUSD just broke through the channel and got rejected at 0.71719 key resistant level with a strong confirmation from 50 exponential moving average. There was a retest @ 0.71719 with a bullish reversal candle which shows a strong downward move.
The Australian dolar has been falling sharply, due to risk-off sentiment hitting hard as concerns rise about the economic impact of the new omicron coronavirus variant. The Australian economy is already contracting sharply, as was revealed by last week’s GDP data which showed a quarterly contraction of 1.9%. The USD is relatively strong, so this pair is a major...
AUDUSD is continuing the cycle to the downside with the completion of wave Y in the minute(green) degree, currently we are in a correction in wave 4 of the submicro(orange) degree of which if we do not get a double(unlikely) then we should continue lower making Lower-Lows & Lower-Highs repeatedly(about 7 swings) after of which we will see a significant bounce to...
Pip Movers are taking the AUD/USD SHORT. Nice zone in the 2hr frame. Entry .73477 - .73719 Stop - 73840 T1 - 71938 T2 - 71135 Looking to bounce off the AUD Monetary policy announcement. Can be a short ride. Watching closely as we move past T1 (Might close trade early if it starts staggering.
Look to go short if USD were to strengthen (Since AUD is closely Linked to Gold, It could have a profound effect on this pair compared to others if XAU/USD were to continue lower) Here is my analysis on DXY: Short on these confluences: Retest of Pivot Zone Retest of counter-trend Line (RED) Break and Retest of Level 0.72000 Bearish Structure Retest on...
In this video, I present my analysis for your consideration. - Price has hit a 4H Supply Zone - The bullish "news candle" is due a pullback - Hit the 70% fib - Bear Flag pattern is playing out - Looking for the H&S pattern to complete on the 1H TF. Check out the video... and learn to earn.
From my analysis, I expect the AUD to move all the way down considering the Daily Timeframe. This is not your regular technical analysis. It goes way beyond that, so be careful and move stop loss when necessary. Execute a sell trade when price gets anywhere/or inside the grey rectangle and forms a known reversal candlestick pattern TP 1 and TP 2 is...
just short the pair for some green pips
As a mid to long term bias, I believe price may make a Head & Shoulders pattern and fall around 0.71375 to 0.7113 I suppose the actual bearish movement will happen mid of June when the neck line will be broken.
As we can see in the chart that AUDUSD has rejected its uptrend and now falling below its trend line which is giving a strong indication that the market will fall furthermore to the downside.
AUDUSD CREATE H&S IN DAY TIME FRAM! READY FOR SHORT!
It was a long wait, but it paid off; it almost seemed as if the speculation did not want to end. One quality a trader must have is patience, more so than a fisherman. The next sensitive levels of Aud-Usd: 0.77500, 0.75850/0.76200 area, 0.74300, 0.73600, 0.72800. Medium-term target the return of the currency pair below 0.71800.
AUDUSD(AU) Create Bearish Divergence with Bearish Butterfly Pattern!
As meaningful as it may be, I am certainly wary and adamant of going against the dollar in the long-term. With that being said, the horizontal support and resistance were filled with emphasis on the candlestick's closing at the > highest tick volume. Hence, the research inferred me to scale the portfolio into a short-term "Short: AUD/USD" as the range breakout...
Since the low of 0.7 zone, just before the election, AudUsd had a good run up reaching 0.7350 zone. Now the pair is consolidating and looks ready for a correction. I'm bearish this pair as long stays under 0.7350 and as target, I search for 0.7150 support
This chart shows the situation of Aud-Usd. Possible in the next days a drop of the currency pair with the first target at 0,71600 and, then, the pullback on the resistance of the bearish channel. There are other fundamental considerations (that I don't feature here) that give me a bearish view on the currency pair. Highlighted in the chart the "sensitive"...