AU 2618 tradethe chart basically says it all.
watch lower time frame for confirmation of rejection from price level 0.793 or from the 0.618 retracement level
Aud-usd-short
Aud Usd looking for ShortLooking for a short after price formed multiple trendwaves to the upside ( at least 5 in this case) now we are almost at the daily falling trendline as we see....all we need now is a shift in momenum ..i wanna see a abreak lower ... at least 2 possible entry areas for the patient trader here ...waiting for price to break n close the 2 support areas ( black lines)
maybe 1/2 position after the first one ...other 1/2 position after second support breaks ....we will see how we can play it ...
guessing is nothing ...reacting is all
stay patient and keep it Winning
AUD/USD looks like a sell setup could be forming! Looking like this might be a 3 wave correction for Wave E of the possible triangle on the Daily!
If we get the channel like the one on GU and countless other instruments it might be a good sell setup in formation!
AUDUSD - Short-Trend Resistance
-4h 200MA
-Possible rejection inverse hammer
Could be a good short opportunity.
AUDUSD BEARISH OUTLOOK Looking short on this pair, we had a week USD previous week, all geo political reasons. However, we have price rejecting at the H4 61.8% in line with the daily + Weekly Bearish Trendline. Our downside targets of 0.73450 (Target 1) then possibly 0.7200 (Target 2) (BEARISH ABCD FORMATION + POSSIBLE DAILY COMPLETION OF 5th IMPULSE WAVE) . Once each target is met further analysis and trade management must be conducted. If price breaks above and closes above the bearish trendline with the demonstration of strong bullish PA then the trend is changed to the potential upside target of 0.7600 and higher. If this does happen we will wait for the breakout and retest with bullish PA to confirm the long setup. However, as we are looking short on this pair we can enter a short setup below current price with our stops around 0.75200 and downside targets being 0.73450 and 0.7200 with a minimum risk to reward ratio of 1:5. The safer trade setup will be on the break below + Retest of TL + Bearish PA confirmation on the mini bullish H4 trendline. A 3rd tradesetup can be a break below target 1 with a retest of 0.73450 and PA confirmation will trigger further shorts.
This is only an outlook. Trades will be adjusted accordingly.
***TRADE AT OWN RISK***
AUDUSD 4H 2618 and Gartley Patternsell limit at 0.7650
Stop 0.7730-0.7740
Target 0.7570/0.7530/0.7510
AUDUSD Shorting OpportunityHello traders.
AUDUSD has been in a consistent downtrend throughout the entire month of may thus far. It will wake a significant move to reverse the weekly candle and I don't think Friday's U.S. retail sales or CPI will be able to do that. As such, the risk is certainly still to the downside.
If sellers do step in and price manages to break out of the wedge to the downside, see the .7331 area for possible support. If price manages to get through that support then the path of least resistance will be down to the .7289 area where there is a cluster of support. I'd suggest getting out ahead of that area around the .73 psychological level.
Enjoy!
AUDUSD Daily Key LevelsGood morning traders.
Here is the update on the daily key levels for AUDUSD. As you can see the levels remain the same as price consolidated throughout most of the day yesterday. S1 was not broken, it was respect to the pip and held throughout the entire U.S. session. R1 was never even contested. The focus still remains to the downside, however price action suggests it may be forming a bottom. The day's close today will be very insightful on the direction this pair intends to go in for the rest of the week.
Enjoy!
AUDUSD ShortWaiting for a breakout from the S1 pivot line with TP near S3 and SL a few pips above S1. This is in line with the recent recovery in USD, and not-so-good news in iron because of current low demand in China which impacts AUD as well, not to mention its recent retail sales report. But a recovery is also possible from its current Nov low resistance since RBA is planning to discuss next month a possible interest rate for AUD soon.
www.forexcrunch.com
www.dailyfx.com
D:
W:
Confidence: C (got a wait-and-see approach for this; I'm quite expecting a further breakout at the downside though because of its ADX both in the Daily and Weekly charts as well as the current outlook in China which kinda overrides whatever the RBA plans to do. But I'm also uncertain with USD and just riding its current momentum.)
Daily Key Levels on AUDUSDHigh traders. As you can see by yesterday's key levels, price is focused on the downside. Price broke through s1 shortly after the open, broke through s2 overnight, and has since found nice support at s3 to the T.
Going forward the focus remains to the downside until proven otherwise. A break below what was s3 and now s1 at .7331 will be required to put sights down to the new s2 and s3 at .7289 and .7246 respectively.
Enjoy and remember to follow!
Daily Key Levels on AUDUSDAUDUSD is currently trading below s1 at .7400. View remains neutral however until we get a sustained break below s2 at .7368. If price can manage to sustain itself below s2 then eyes go down to s3 at .7331. Pressure remains to the downside below r1 at .744.
Enjoy!
AUDUSD DOWNWARD CHANNEL SALEThis is my first idea im publishing publicly :)
Im basing this idea from pattern formation and not news. Previous support and resistance has held so has the channel walls stability
ENTRY PRICE 0.75194
STOP LOSS-20 PIPS AT RESISTANCE LEVEL- 0.75400
PROFIT MARGIN IN PIPS : TARGET 1-(29 PIPS) TARGET 2-(48 PIPS)
JUST UNDER DAILY TRADE GOAL OF 50 PIPS :)
PROPER RISK MANAGEMENT PLEASE 1%-3% OF ACCOUNT
JUST AN IDEA, NOT FINANCIAL ADVICE. HAPPY TRADING
Continuing to short AU for this weekWith this channel I produced on the 4h chart I anticipate the Aussie/Dollar pair to continue down to at least the red star icon. Patience is key in these types of situations. It showed promise when it bounced off the top channel line at .766 late last week. Keep an eye on this one in upcoming weeks. Good Luck!
Yums
Audusd Dark clout or bearish reversal setup it is follow able setup because weekly candle sporting this short trade for more bearish, kindly give feed back Thanks
AUDUSD triangle watch the breakout AUDUSD triangle watch the breakout, in daily we have a bearish cypher in lower timeframe I see a triangle in h4 it may touch 618 or sell the breakout
Aud/usd ShortI would like to see a drop( break of upward trendline) from the daily falling trendline here ..
.2 support zones could lead to a chopy way down so be aware a rejection there is likely ..
another possible scenario is a move higher and a dip in the supply zone from daily chart
could get a little tricky we will see
AUDUSD Potential Intraday ReversalGood morning traders!
The .7525 figure marks some strong resistance.
A spike through may be matched with quick selling.
A reversal here may be good for a quick 20, 30, even 50 pips.
Up to you how you trade it.
Enjoy!
Short at Weekly R3 pivotShort above weekly R3 pivot 0,7340 first target is daily pivot 0,7322 then monthly pivot 0,7295. Stop loss 0,7372 daily R1
