This bearish trend is failing to push lower strongly. I would like to see the price stall in between these two levels marked before we get a significant push to the upside.
This trade will be a fade, the overall trend is down.
With such an aggressive bearish move a retracement was imminent.
I've missed the initial move (many a times!) but now, I do not fret; I've learned that it pays to be patient.
There's always an opportunity to participate in the fun, if we just wait... the question is: Are you willing to wait?
I enjoy analysing AUDUSD because of it's clear moves- let's see how...
This is pretty much identical to AUD/CAD. It has retraced to support and is now holding in this area, if this can continue to stay above support and MACD and EMA's remain bullish then this can be longed to the TP of 0.80662.
TP level and above is a big resistance level
This has hit take profit on my previous posts for this pair. Now looking for a move that will give another chance the re-enter a long. Either this will continue to rise through resistance and then when it retraces and tests that level as support a long can be entered. Or it will retrace from the current price and offer a lower level to enter, although this is...
Another nice one, all in line with the trend.
Don't try and sell tops and buy bottoms, wait for the trend - that's where the profit is made in my opinion.
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Since my last update on this pair it has broken out as I expected. It is now retracing to the neckline marked with the blue line, this would be another chance to long if you are not already longing this pair. My target on this is 0.80548 although if you are looking for a more short term trade then the previous top of 0.78203 is also a good TP to aim for.
This seems to have held at support and is now looking safe to go long on. EMA's are about to cross, MACD is still below 0 but looks like a strong upward movement is happening to take it back above. You could wait for a couple more candles to close for confirmation of this if cautious. TP is set at 0.80548 although there are higher peaks at this level. SL just...
This is still holding up around the support level. Its still looking quite bearish to me so it could break lower to the next support which aligns with 0.5 Fibonacci. If this happens anywhere between 0.382 and 0.5 FIb could be a good buy area but we would still need to wait for confirmation in the form of a rejection.
If the current support continues to hold then...
This is testing a support level, if it holds then a long can be taken to the next resistance around 0.80600. The environment is still very bearish as can be seen on the MACD but if the support continues to hold and it turns more bullish on MACD and EMA's then a long can be entered. SL just below to the lowest point of support and TP at 0.80600. Must wait for confirmation.
This has retraced to the support level, I would wait for this to drop a touch more to the bottom of the current wick at 0.76692 before considering entering a long position. SL below the low of the support area and TP at the previous high. As previously stated I do expect this to continue rising in the longer term also.
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
We are looking to add to the Long we are still holding since Tuesday 19/01/2021
Ideally we get a better pullback to enter lower than current price Risk Reward still looks good.
Our first take profit at 0.7920 but we like it even higher and will extend target depending on PA.
I expect this to continue gaining up to the resistance level at 0.80500 to 0.81500. AUD has recently had some profit taking but is now growing again, USD should continue its weakness. Stop loss can be just below the support area marked in Blue (around 0.76400)
Ideally, we want a strong wick down into the structure/order block before upside continuation.
I will be placing a buy limit around the region marked.
The sentiment is 50/50 on the direction of this market so we need to play it by ear.
COT - Institutions are fixated on a sell bias and have their sell positions loaded.
Its great to be back on treading view everyone after a long Christmas break.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you...
