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Aud-usd-short

$AUDUSD | Short Trade | Target Defined & Possible GeoHello Traders, Todays (12-14-16) Fed rate decision was to raise the interest rate and to continue to do so throughout the next year. In light of this recent decision AUDUSD has given us a big short opportunity. A High Probability target of 0.70474 clusters nicely with an AB=CD pattern. On a smatter time frame I am looking for a small retracement here to enter a short. If this retracement does not a occur and price creates a new lower low consider taking a short in that instance as well. Overall, The highest probability target is 0.71790 followed by 0.70474 and a cautious level at the end of the AB=CD pattern at 0.70557. Best, Chartistry
Short
by GWaves
2
AUDUSD Short-term Technical Outlook Yesterday's short-term technical outlook: Good evening traders. Yesterday's outlook suggested that we will remain bearish if we sustain below .728 and that selling upticks would be preferred. Without surprise the short-term intraday rally was quickly rejected around .726 and then price continued to the downside to break new lows. Price stalled out at around the .72 figure and found decent support after forming a double bottom. We are now testing the backside of previous support at the previous swing low at .722 which may act as resistance. The bias on this pair is still to the downside so long as we remain below .728 so upticks and pullbacks will continue to be preferred selling opportunities until price manages to sustain above .728. Next downside target is at key support at .7145. I hope this gives some technical clarity to you traders. Enjoy!
Short
by UnknownUnicorn261897
2
AUDUSD Institutional Short Setup Hello traders! Given the AUD weakness over the past few days we are only looking for selling opportunities. This .737 level as you can see is a nice area of institutional support turned resistance. You can see that institutional traders were previously buying every time price dipped into the level and then once the level was broken sellers came in on the backside of the level. If price pulls back into the level it could be a good place to get short with the trend. As always use a 30-40 pip stop loss and take whatever you can on the profit side. Good luck!
Short
by UnknownUnicorn261897
(1D) AUDUSD Big ShortAs you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol) Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered: - Break of blue line invalidates the idea - Break of the white line is your conservative entry - Red arrow shows general direction, not exact time and price - Hold on to profit, not hope Sorry for being gone for a while. I was on a cruise.
Short
by Renforex
14
AUD/USD Bearish Bat.Here we have a bearish bat on the aussie-dollar. If look at the chart on a larger scale, daily or weekly, you can see that price is in a down trend. Price is currently pivoting along a line of support- this should act as resistance for the retracement. This gives us extra ammo in our reasoning for the short entry. Our first 2 retracements of 50% and 59.7% indeed give the indication of a bat OR a crab pattern. Looking at the trend and resistance, i expect price to drop at the 88.6% retracement from XD. If the candles do not show a reversal and price breaks through resistance, I will continue to look for a short entry at the 161.8% level. Interest rates are expected to be hiked by the FEDin December; this may add to the Dollar strength! Higher time frame chart below for illustration. BAT RATIOS AB: 0.382 OR 0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Short
by KyleMcQuade
AUD/USD Rising Wedge and Long-Term Channel ResistanceAUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average. Key Points - Rising Wedge (Bearish) - Double Top (Bearish) - Long-Term Channel Resistance (Bearish) - MACD Crossover (Bearish) - RSI (Neutral)
Short
by UnknownUnicorn253523
2