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Looking for AU to pull back and trigger the buy limit. If the price does not break previous days low we can see the pair rally to the highlighted resistance. Once price has tested the resistance wait for a reversal candle to enter short trade.
Waited for the change in the correction.
Short for the lows now.
After a great trade shorting from 0.8100 all the way down to 0.7500 we have hit an area of support so time to look for another opportunity, dollar strength will continue maybe but that's to be taken with a pinch of salt. This is just my thought process lol you must do your own analysis. thanks
AudUsd - Daily chart - I see a good oppurtunity to sell all major pairs against the dollar. Audusd here is at the perfect zone to sell for a minimum of 150 pips target to the downside.
Nice rejection from 79.500. If we maintain below this then the highlighted areas will be ones to look out for
AudUsd - H4 - Sell setup on aussiedollar already triggered.
Not quite sure if we should call this a wedge or a channel, but AUDUSD has a long term pattern here and it is moving towards the support line. If the support line breaks then the move could continue to 0.7
Huge upside momentum however we look for the break to the upside at the weekly mid level up to the fib 50 level (red line) and then we anticipate a massive fall to the downside with good risk reward.
we will be patient until there is confirmation of a failed attempt on the weekly mid or the reversal around the upward channel boundary / fib 50
Monthly: In a large expanding wedge formation that has eventual bias to break lower.
Weekly: in a corrective channel formation. Rallies close to 0.8100 find sellers. Could also be seen as an Ending Wedge. Higher highs seen at 0.8205
Daily: Possible ‘double top’. The most important factor in this timeframe is bespoke resistance at 0.8100
Intraday (15-MINUTES) ...
this is what i'm looking at today. AUDUSD (and also NZDUSD) is facing a strong resistance zone on the daily and weekly chart. Price is showing RSI divergence on the daily timeframe and also an overbought condition on the weekly. With the right confirmation on the lower timeframes, this could be a nice trading opportunity. Keep you updated!
If u have ...
Looking at commodities which support AUDUSD, they look overbought. Adding to that the DXY situation, the USD looks supportive of potential strength. Sell AUD with good take profits at previous lows. Take profits could change depending on circumstances.
AudUsd - Daily time frame. I see a pullback on dollar index so I am expecting USD strength and this pair to drop another swing down.
When markets open this evening I will be looking at shorting the Aussie Dollar down to the daily trendline, as this has been respected a few times in the past couple of weeks, this will most likely be an intra-day swing trade to get in and get out. Only because of RBA releasing minutes on Tuesday followed by a speech from Yellen later that day, could make some ...
Quick short here on AUDUSD DAILY, price has broken the CTL and also the range highlighted in blue. D1 target ideally at 0.7550 however prices could most likely test 0.75 as a continuation of the recent bearish pressure.
Clear downtrend for the pair. Will enter short once pair breaks out of consolidation for further bearish movement (volume confirming). Simple trade
AUDUSD to retrace towards 0.236 before continuing downward trend.
Following the break of a major support level, we can expect a pull back to this region and for it to act as resistance. Waiting for the right price action signals at this level in order to take any short position.
I am shorting the AUDUSD for a possible 40-60 Pips with TP1 set @ 0.792 and TP2 set @ 0.789