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Audusdidea

AUDUSD| WHEN TO SELLGood Afternoon Traders, A couple scenarios for you all, potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close, ideally for me if we do ill be looking for a further push out of that area and a potential entry, given that price action confirms it. alternatively, we could correct to the side as illustrated and potentially to the upside completing a larger channel or it could start spilling out to side, we will wait for price action to confirm what it wants to do. Let me know your thoughts.
by NK008
AUD/USD Technical Analysis.Currently, AUD/USD is trading at 0.6970. The pair is consolidating in the resistance and support wedges. There is a small possibility for the pair to change the trend right now, it will consolidate in the resistance and support wedges for some time before coming into a particular trend. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
by rishililawat5
AUD/USD - 0.7000 Approaching!, Breakout or Rejection?Hello Traders! Hoping we all had a good start to beginning of a new week, as I've been looking more into COT Data, I've realised there are a lot of traders that are waiting for a short off 0.7000 level as 80% of retail traders are SHORT. Although looking at oscilating indicators the market has not reach an 'overbought' sentiment, meaning price may break our level and continue further. What Is The Market Telling Us? We have had a breakout of our symmetrical triangle, followed by a nice gradual uptrend towards our 0.7000 level Price has been ranging between our support zone and 0.7000 resistance level, awaiting on how price action occurs when level is met MAs are moving stagnant, meaning that there is no directional movement as of right now, possibly awaiting on more volume to come When Should We Enter? We must only enter once price has reached 0.7000 followed by reacting to what the market tells us to do If we are looking to go LONG, buy once price has broken resistance, retested and is followed by bullish signals If we are looking to go SHORT, sell once price has shown rejection off resistance followed by bearish signals
by forexwithfred
2
AUD/USD Technical Analysis.Currently, AUD/USD is trading at 0.6977. The pair may start a new down trend if it breaks the support level at 0.6953. Previously, the pair was trading in an up trend and is now moving towards its support level. The pair may start a new down trend if it breaks the support level, then its first target price will be at 0.6893 and the second target price will be at 0.6856. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
6
AUD/USD shortAUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill be looking for. Maybe with a possibility of a third trend line tap for a third entry possibility. Will be watching this throughout the week.
Short
by TradingAfterCollege
AUD/USD - BUY OPPORTUNITY Push Towards 0.7000Hello Traders!, Hope everyone has had a good start to the week! The market is full of opportunities this week and today we're looking at a possible BUY opportunity for AUD/USD What Is The Market Telling Us? We can see price has been ranging between our channel while making higher lows off our trendline support Bullish MA crossover adds confluence to our BUY bias as we await a breakout of our channel Retracement phase seems to be over due to bullish engulfing candle on the D1 timeframe When Should We Enter? In this scenario we are looking for a breakout of our channel followed by a retest/retracement, once we have bullish confirmation, we look for BUYS Our channel resistance may hold and bring us back down to our channel support, if this occurs, look for short-term BUYS off channel support
Long
by forexwithfred
Short $AUDUSD against .7000 Hello Sophisticated Trader, The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6910 SL .6950 a close above, the target of .6700. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know about trading.
AShort
by DrLydia
AUD/USD - Bearish Trend ContinuationHello Traders!, We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week. What Is The Market Telling Us? AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested 4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling pressure ahead 0.69 is our invalidation level, so if price violates this level, we are no longer bearish on AUD/USD When Should We Enter? I have two possible outcomes to look for SELLS, we can look for a bearish pattern on our minor resistance then SELL 2nd scenario is more conservative, so we wait for price to revert back up to our 0.6900 resistance, look for bearish signals then SELL.
Short
by forexwithfred
AUD/USD Technical Analysis.Currently, AUD/USD is trading 0.6903. The pair is consolidating in the resistance and support levels. Previously, the pair was trading in a down trend and after touching support level, it started consolidating in the resistance and support levels. If the price breaks the resistance level at 0.6975, then it may start a new up trend and its target price will be at 0.7202. If the price breaks the support level at 0.6785, then it may start a new down trend and its target price will be at 0.6561. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
by rishililawat5
2