As the AUD rises to higher and significant levels combined with the high possibility of the USD interest rate cut to prop up the economy there is a possible reversal on the way. I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected. Disclaimer; I'll be waiting for the...
As the AUD/USD Short term trend wave is near the last short term high peak and no sign of a long term trend change we can except a reversal soon to keep the overall long term bearish trend in play.
We look for the AUD USD sell off to continue throughout tomorrow, hopefully, we can scalp 400-600 pips profit during this period. Use tight money management on this trade. Free telegram group: t.me
Hi All , As Westpac predicting a rate cut this year , & Us-China trade deal , My opinion is to sell every high on Aud/usd Using TS . We have a H&S pattern on Daily & fundamentally AUD will struggle this year . Best is to enter a short from the re-test of the right shoulder and sell hard . Good Luck .
AUDUSD is short in 60min for a while and wait for the break out when it has touched the yellow line
Possible Short trade on AUD/USD -RSI Divergence -ADX Crossover
1. GOOD RR 3.18 2. GOT REJECTED BY STRUCTURE. 3. BROKEN OUT OF ASCENDING TRIANGLE AND RETESTED IT AND GOT REJECTED. REJECT REJECT REJECT! LETS SHORT THIS AUD SHIT. Fundamentally, aud has been weak due to ongoing tensions from China and US. Trade wars are to persist.
Bigger time frame trade. Price pullback to the consolidation channel and .618 of recent bearish swing. Good place to sell high. Stop loss above previous high.
Price is nearing a major area of support. Over the next several days I suspect that weekly support (.737) will be reached. Ideally, I would like to see price continue to move down through this level but there is a high chance that there will be a slight bounce back to the upside before further continuation to the downside. There was not enough long-term bullish...
There are two ways this trade could go so enter carefully. All information on the chart.
AUD/USD in a good upward trend , with breaking above 0.77 , i will be waiting to see if i can get in short. i could work its way up to 0.78 or back down to 0.75
TITLE - REJECTION FROM MONTHLY RESISTANCE. WEEKLY CHART - BEARISH
Quick short here on AUDUSD DAILY, price has broken the CTL and also the range highlighted in blue. D1 target ideally at 0.7550 however prices could most likely test 0.75 as a continuation of the recent bearish pressure.
1. Simple Trading using by Fibo Retracement. 2. 0.7720 to make the short position. 3. stop loss : Entry lvl + 2 ATR 4. be sure about your margin, position.
- rsi approaching over bought - .886 fib entry is in confluence with the resistance zone (grey) - T1 and T2 at .382 and .618 fibs
looking to short the double top + rsi divergence formation here ... waiting for support to break to set up a short trade .... breaking the highs means invalid set up