Hi traders,
this is my analysis on AUDUSD. Price is coming back to retest a previous broken support. In case like this a broken support could turn into a resistance and provide a good point for reversals. We've identified two levels but i think the first is more important cause, look left, it has proved to be strong two times in the most recent time.
So as usual...
The price bounce back to support zone.
And now, there are bearish signal appeared after touching the support zone.
We monitor closely and waiting more bearish signals to entry this trade.
Trade with right risk management skill :)
Zoom out the Day Chart, you will able to see a super long downward trend. So overall it is bearish.
But, recently, the price breaks the upward trend and with 2 days Pull Back.
Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down.
It is a good time to short it now.
YOU CAN SEE AUDUSD MADE A BIG JUMP THESE DAYS AND ARRIVED AT THE RESISTANCE ZONE SO IS ONLY A MATTER OF BREAK OUT OR PUMP BACK !
MY ENTRIES ARE THIS : BUY ---> @ 0.79100 AND TP@0.81100
SELL ---> @0.77400 AND TP1@0.76180 TP2@0.74700 ( AFTER THE PUMP BACK)
This triangle for the Y wave of wave 2 is nearing completion. A move below .75576 and I would say it is done and a 3rd wave down is under way.
Currently the pair is either completing an expanding ending diagonal c wave of e or it is a b wave of the blue b.
A move above .77344 and a larger ending diagonal C wave could be in play and the triangle idea is out...
The AUDUSD has been consolidating in recent sessions as the prospects for a move higher driven by the broad US dollar weakness are due to be negated by a decline in the value of risk assets like stocks. The Australian dollar is typically sensitive to moves in commodities and the balance of risks is currently tilted to the upside somewhat. We are seeing a rally in...
Hi everyone,
1st thing 1st. I am very cheap on the market I try to MINIMIZE the draw down to the maxx.
Anyway this one it going well. Split your risk.
Your risk is you time! Wait for the right moment. You are too late ? wait again! Repeat
Anyway Like if you like.
Question? Ask them.
**Never forget your helmet when you take the right candle**
**Enjoy...
Thia pair has been inside a channel since 20th october and the price has reached the top line.
That may result in a down movement. Furthermore, the MACD and RSI show that there exist a divergence that also may cause a down movement.
Main trend is bearish and it may go down.
There are many proofs to say the price is going to fall and there is no any proof to say...
based current chart short is most recommended....
based on fundamental view, short on au till next year as aud still in easing mood and usd still in tightening mood
![AUDUSD: [AUDUSD] Another Perfect no risk plan](https://s3.tradingview.com/b/bw1KnHkw_mid.png "[AUDUSD] Another Perfect no risk plan")
