For quite some time AUDUSD has been travelling in a horizontal channel. It has been bouncing up and down in between the zones marked out above. Price has started making some higher highs, meaning that we could be seeing a rally to the top of the channel. We expect price to come backdown to test the black trend line marked out above before making it's rally up.
AUDUSD has been travelling in a horizontal channel for quite some time now. we recently saw price plummet to the bottom of the channel, however we have now seen price climb up and also break a descending trendline to the upside, our final target for this long trade is the top of the channel as shown on the chart above.
enjoy your profits on this trade !!!!
We are expecting a retest of our support area ( green box ) before price moves bullish.
USD has shown some good strength today, this is why we can see price pushing lower before the bulls take over and push price higher.
Trading is bulls#it, it is so simple but there are so many people or so called gurus that try to complicate it just to make you buy there...
AUDUSD has been travelling in a slight ascending channel, shown more on this idea
Price broke out of the channel to the downside, we have literally just seen a retracement back up to retest the channel and now we could make some moves down...
AUDUSD Price has been travelling in a triangle as shown above, however we have just seen a breakout to the downside. Price has already made its way back up to retest the triangle and now we are expecting some short opportunites.
Price has also been travelling in a horizontal channel and price ATM is in the rather large support zone of this channel,...
Price is respecting a lovely trend line TL, and price isn't far away from key support but with the current weakness with AUD we are expecting price to push its way through this strong support and although the USD isn't that strong at the moment we feel it is still too strong for AUD.
So if we get a break of support then SHORT the hell out of it as it could drop a...
AUD USD, Thanks to Trump, for giving a great opportunity for a long.
A retest of the Trend line
Retest of 0.71550
61.8% FIB aligned with 0.71550 and the trend line. Increase the success probability of the set up
I hope this trade help you guys.
All of the best
What a great opportunity for shorting, right at the beginning of a trend .With a double top, macd squeeze, under ema, mtf are all confirming red (short) and higher timeframe daily strong down trend. Hope you found this helpful please comment if you have any input. Risk management is the key to success
Aussie has been moving like this for a while now, bouncing between 0.7440 and 0.7360 without showing any clear breakout yet. I managed to catch a short swing trade today on the 4 hourly chart but looking for some better opportunities once this range breaks.
Aud/Usd - Daily chart - I see a strong demand zone below current price for aussie dollar and I've taken a buy trade around 0.77 with stops below 0.7650 and targets of 150-200 pips. This correlates well with dollar weakness and other major fx pairs in buy levels.