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Audusdshort

AUDUSD - Rising Wedge Bearish PotentialAs we can see AUDUSD formed a rising wedge and broke the structure of it pointing the pair to the downside. To further this bearish sentiment AUDUSD also rejected a key FIB level @78.6 after breaking structure and retracing. Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse downward. I set this idea to be invalid if price continues upward around 0.68750 with setting take profit at 0.66100 and 0.64656 If you would like to see updates on this idea and many more please follow and hit the like button for more!
Short
by WrightWayInvestments
6
AUDUSD SHORT FOR Risk : reward of 1:3 As per the Daily chart we clearly see that Price has violated Demand Zones and we have a Fresh Daily Supply Zone formed, Price is aleady coming from a Monthly Supply in the higher timeframes and hence the Target is a Monthly Demand formed at 0.65512. Once Price violates a Demand in lower timeframes like 1H and 4H we will have another trade with an amazing Risk: Reward ratio. But for now 1:3 is also a considerable Risk to reward ratio hence shorting. Happy Money Making !!!
Short
by WavesandZones
2
AUDUSD M30: Bearish outlook seen, further downside below 0.6750On the M30 time frame, prices are facing bearish pressure from the resistance at 0.6750, in line with the Fibonacci confluence levels. A pullback to the resistance zone at 0.6750 could present an opportunity to play the drop to the support zone at 0.6650. A break below the downside confirmation level at 0.6720 could provide the bearish acceleration in prices to the support zone at 0.6650. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Short
by T3-Consultancy
AUD USD SHORT TRADE BASED ON MY STRATEGY AND RULE1. Am not trading against the 4hrs time am following the trend on the lower timeframe ENTRY OFF_1hr_____ 2. My levels/zones are marked correctly so I know were price can reverse from before taking profit/entry. 3. Waited for candle to close on the___4hrs______ before entering this trade 4. Am not taking a full 4hrs Bullish/Bearish (OVERBOUGHT/OVERSOLD) candle price rejected resistance 5. There is no News in the next 1hr during the time this trade was taken 6. Am risking 2% /1% of my account this trade___2%___
Short
by PIPSWITHJULS
2