AUDUSD SHORTS 📉📉📉Price should start the selloff over there, AU just took out liquidity above BSL and 0.71500 we have a bearish candlestick on h4 closed that signs a potential move downside. Market Sentiment gives us a strong sell signal over there because the retail heard is around 74% LONG on this pair
What do you think ? Comment below..
Audusdsetup
AudUsd- Long trade with 1:5 R:RAudUsd is trading around 0.72 zone, just above very important daily support and a correction is probable from this point on.
Also, the last leg down is a falling wedge and a break above 0.7230 would confirm a reversal, and bulls target can be above 0.73
A drop under 0.7170 would negate this scenario
AUDUSD breaking the trendlineAs were watching the AUDUSD for a while, it has been following and respecting the trend line for some time, and just yesterday, we saw the break of the trend line, so coming week, we are going to expect further decrease on the price and a retest of the trendline and start of a new downtrend
AUD/USD SHORT More Extended Downturn (Monetary Policy Move)Pip Movers are taking the AUD/USD SHORT.
Nice zone in the 2hr frame.
Entry .73477 - .73719
Stop - 73840
T1 - 71938
T2 - 71135
Looking to bounce off the AUD Monetary policy announcement.
Can be a short ride.
Watching closely as we move past T1 (Might close trade early if it starts staggering.
AudUsd to test 0.75 (short term outlook)Yesterday AudUsd has broken above the descending trendline that capped price since the beginning of the month.
At this moment the pair is trading just under 0.7420 short-term resistance and a break here would expose 0.75 important zone.
Aussie back under 0.7380 would negate this scenario
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.