Currently, AUDUSD is ranging, and in a short term downtrend. If that downtrend is broken then for a risky trade take a long targeting the top of the range.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.
Price is currently testing a strong level of support, once broken its a sell to the green area
Price will ALWAYS retrace so dont expect a profit straight away but the fall will be lovely
After a trend reversal the pair had pushed below 50 EMA and we have seen a nice pullback. We should see some more downside push in the coming weeks. I have marked the entry, sl and tp for you as well.
Let me know your thoughts.
Trade safe and good luck.
We have seen a massive upside move on this pair and the momentum is yet to be over but we are seeing some sign of exhaustions and hence there is a possibility of retractement to the previous support level before making another push up.
On the 4h chart we can see a nice bearish candle printed. I have gone short on this and marked tp and sl for you as well.
Let me...
Whats next for this pair? Personally this pair has been very bullish over the previous weeks, i do think this will push to the upside. Whats everyones opinion on this pair would love to hear everyone's opinion. Thank you.
On AUDUSD 4-hour chart, we see double top formation. T3 curve and simple moving averages (ma10 and ma20) have turned their directions down.. I expect a structure as I mentioned in the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
AUD/USD is held in an interesting wedge formation that dates back to the 9th of March. Its likely the price will squeezed between the boundaries of the flag/triangle/pennant for several sessions to come.
Once price breaks free it should set the direction of AUD/USD for some time.
One to watch.
AUDUSD:Friday saw the rejection of 100% fibonacci level. I think the pair is highly take a retracement back to the 0% fib level . Where a rejection will occur causing us to have a double top from which point on there will be a move to the upside to around the 61.8% fib level where we will look for a rejection back to the down side .
On 4 hour chart; #AUDUSD reached a strong resistance line, SAR and T3 curve became negative, and the rising trend of RSI is broken so the price is likely to fall..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
