AUD/USD Not looking good here. There is a strong key level at 68-69c that has acted as a huge resistance and support in the past going back years down the line if you take a look. We've created some real heavy bearish structure leading into this level and we just closed below it on the daily. IF the bearish trend continues, we could see a rejection of this level...
Audusd has been rejecting the reistance area numerous times for a while now, I am expecting it too continue too fall.
SL 0.78000
TP- around 0.75500
Now lets see how this plays out.
I had posted a previous chart with a bullflag so we may see the dump and then a pump!
Please see to my chart posted last time.
What do you all think?
Ps soory about my last few...
🔻 AUDUSD is known as the slowest pair to XXXUSD but guess what!!!!
- Price reached our target at 0.8000 perfectly then dropped but it did not break our Bullish Structure
🔹 Any breakout above our Target, the price will aim for another HH - Our Pip Team says, 0.8250 - 0.8500 Zone is possible Target if we got any solid Drop from DXY
🔹 Our Intraday Support from...
AUDUSD H4
Third touch of the trendline
+
Fib golden pocket (61.8 - 71%)
+
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future...
Still holding short possition from last week,
Here i wanna show u where u can entry (i will add lots)
Watch the full market overview on my youtube channel
www.youtube.com
Entry - 0.7274
Take Profit - 0.7144 - 130 pips
Stop Loss - 0.7342 - 68 pips
Lowe made it clear that not only is RBA OK with a weaker Aussie, they are welcoming and expecting it. Plenty of AUD bulls are trapped on a long push following news that CNY will be propped and are ready to continue to buy (Myfxbook has 81% long). I have a (very small) short position open...
Hey Guys and Welcome,
AUDUSD broke previous Week lows, we are following „Mid“-term Trend with a good RR.
Very bearish AU formed a new H4/Daily and Weekly Low with a strong H4 Bearish price action candle we are following
this strong move..
Short: 0.76703
Sl: 0.77031 (35 Pips)
Tp: 0.76383 (35 Pips)
Tp2: 0.75918 (80 Pips)
Feel free to Comment and Discuss...
I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets:
Entry Sell: 0.75900
Stop Loss: 0.77550
Take Profit:...
