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AU

Would audusd establish downtrend or continue range?The rise of audusd temporarily ceased due to MPP (P) 0.74689 and WePP (R1) 0.74786. If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase. However, the penetration to YPP (S1) remains as difficult as the previous idea. Most recently I will consider transactions with a story aiming for YPP (S1) attack. <> 1) MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistances short. The first limit is 0.74000 above The second limit is 0.73500 above I conscious of above WePP. 2) It is doubtful that MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistance I will observe it because I am not sure well. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
Would audusd establish downtrend or continue range?The rise of audusd temporarily ceased due to MPP (P) 0.74689 and WePP (R1) 0.74786. If it invert from here and attack YPP (S1) 0.72900, expectations for downtrend increase. However, the penetration to YPP (S1) remains as difficult as the previous idea. Most recently I will consider transactions with a story aiming for YPP (S1) attack. <> 1) MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistances short. The first limit is 0.74000 above The second limit is 0.73500 above I conscious of above WePP. 2) It is doubtful that MPP (P) 0.74689 and WePP (R1) 0.74786 functioned as resistance I will observe it because I am not sure well. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
>> AUDUSD << April 19th >> Long „Breakout“ Setup <<Hey Guys and Welcome, AUDUSD broke over previous week highs, we are following „Mid“-term Trend with a good RR. Very bullish price action agains the trend occurred last week and formed a short-term strong uptrend, we are following this one expecting a possible break of our Trendchannel to the upside. Long: 0.78120 Sl: 0.77744 (40 Pips) TP: 0.78506 (40 Pips) TP2: 0.79048 (95 Pips) Feel free to Comment and Discuss my Trades. Have a Great Week :) Alan
Long
by DACapitalTrading
AU (Updated Anaylisis)I cleaned up the chart a bit for a better view of the Bullish Butterfly. The closed inverted hammer on the major quarter point is a good sign of bearish movement along with the re-tracement off of the 88.6 (thus far) which is indicative of the C point. I'm keeping watch to see but I don't feel that it's going to extend beyond that point especially after this bullish run that took place over that last couple weeks. If you look at my last analysis, the patter is playing out well. I'm not going in short just yet, but I'll be watching it like a hawk, as this is a chance to catch quite a few pips. If it hits my entry area, I expect more movement to the upside, and quite a few pips. This pattern will take some time to play out, so of course patience is a must. I will do another update on this pair within a couple of weeks depending upon movement, hope everyone is in profit.
Short
by Se-Ben