Get started

Audusd-trading

AUDUSD, Breakout Of Channel, Continuations Ahead!Hello Traders Investor And Community, welcome to this analysis where we are looking at AUDUSD, the recent events, the current formational structure and what we can expect the next time. AUDUSD has formed a longer sideways-movement where it recently showed up with some important confirmations which I detected in the chart and which will prove worthwhile in further movement. AUDUSD has confirmed above the upper boundary of its established parallel channel and now confirmed it as a solid flag-formation, the next times will be crucial in fully confirming this formation to set up the ongoing targets in the right manner. Overall AUDUSD has established some good factors here playing into a solid confirmation and continuations further ahead in the structure when these confirmations show uprightly AUDUSD got the needed edge to follow up with the next movements ahead. In my chart, you can see this huge ascending-channel where AUDUSD recently broke above the upper boundary with a strong volatile move confirming this channel to the upside, what happens often after such breakouts is a pull-back to the boundary to confirm the formation, in this case, you can watch the 35-EMA in green and the 100-EMA in red building up a logical support-cluster in the range together with the upper boundary of the channel, you can watch this cluster marked in orang in my chart, when AUDUSD reaches this level there is a high possibility given for a bounce up, in this mechanism it is highly important that AUDUSD does not fall below the 200- and 100-EMA again which can cause increased bearish pressure into the channel again and visit of lower levels in the structure where a new adjustment of the price is preliminary and should be expected. When AUDUSD shows up with the more likely scenario and confirms the upper boundary and support-cluster bullish with a bounce the pair can be traded on the long-side, it is also possible to enter immediately nevertheless waiting on proper confirmation before coming in would be a better and wiser option here. After AUDUSD has confirmed the next movements we can expect it to reach the upper targets lying at the target zone marked in blue between the 0.7465 and 0.7446 level, when AUDUSD approaches this level it has to be elevated how it reacts in this range and if there can be an immediate continuation or firstly a pull-back to lower levels, as AUDUSD has resistance there which should not be ignored and traders taking profit the pull-back scenario after the targets are reached is within the possible range and can be elevated as a probable scenario. In this manner, thank you for watching, support for more market insight, all the best! "Science is organized knowledge. Wisdom is organized life." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
4H Support / Resistance with RSI Day Trading StrategyRSI = Blue, EMA of RSI = Red. RSI 14, EMA 45 Long Rules: 1) RSI > EMA RSI = look for long setups 2) Resistance is broken ( a new high ) 3) Price rejects (pulls away) from the previous resistance 4) RSI > EMA RSI >> 50 Short Rules: 1) RSI < EMA RSI = look for short setups 2) Support is broken ( a new low) 3) Price rejects (pulls away) from the previous support 4) RSI < EMA RSI << 50 I typically like to place a stop loss at the top of the closest resistance (if going short) and at the bottom of the closest support (if going long) and TP 1:1. Another method is to go for partial profit at the closest support/resistance and move the stop to breakeven to catch longer trades. 3/4 trade setups in the past month on AUDUSD FLAGS: *the setup on the 20th of March was a working short position, but the strategy is looking long. *the setup on the 31st of March was not validated as the RSI is not > EMA of RSI
Education
by tdyk98
AUDUSD: Classic Pullback Trade morning traders, AUDUSD is standing on a key structure support level. the pair has recently formed a dodji candle and the price is coiling within a falling wedge pattern. I suggest you buy the market in case of a bullish breakout of the wedge protecting your position with stop below the support. target levels will be 0.689 0.6915 *in case of a bearish violation of the underlined support, setup will be invalid and our bias will switch to bearish
Long
by VasilyTrader
8
AUD/USDA break of the ascending trendline wedge and the 78.6% Fibonacci will confirm this trade setup. The 0.71500 daily level will also provide a good area of resistance. 0.71215 will likely provide an area of Daily support. The weekly support of 0.70900 may also hold up price for a couple of days before price continues it bearish trend. Another trade may be added below the 100% Fib level. An entry of 0.71423, a take profit of 98.9 pips and a stop loss of 27 pips gives a good 3.66/1 Risk/Reward ratio. Trade updates will follow...
Short
by TomFarren
1
AUDUSD IN A PRICE CONSOLIDATION WITH AN EXPECTED BULLISH OUTLOOKThis pair has a bullish outlook in the long run but currently working with a resistance @.81 and a support line @.77 The idea towards trading this pair is to watch what it does with it's support line @.77 if it breaks it going down then we might see the lows we were working with last year of .69 but chances of that happening in my opinion are zero to none. With that said my outlook is this pair is bullish both long term and short term with some corrections along the way as well as lack of volumes to push it upwards at some practical points like the point it is at right now. However in the event that it breaks the resistance @.81 then expect some amazing long term bullish set ups. I would say In the meantime you can short it at the price consolidation @ those identified support and resistance lines. Myself I will wait for the price to it the consolidation baseline or the support line if you like before going long and taking some profits. Remember manage your risk well. Always enter the market in a way that even if things go wrong, you won't be hurt in the long run not unless there is extra ordinary craziness going on. One of the ways to trick the market is to understand that everything in your trading account matters in relation to how the market will treat you. Your margin level, your expectations and your capability to meet your expectations. Take steps that the market understands it can't threaten you in a normal situation. What am saying is do not use lots that put your margin levels in threat, do not have profit expectations that are beyond your leverage capacity. The market always responds in kind. Your actions could be your undoing as opposed to your decisions. Avoid taking actions that threaten your very existence.
by Capital75official
AUDUSD And Other Commodity Currencies Higher Again?Hello Traders, we hope you have a relaxed weekend. In this idea, we'll be looking at AUDUSD long. As the market shows us a bullish sequence against the December low 2016. We will expect further bullish momentum in AUDUSD. Especially commodity currencies such as AUD, NZD and CAD. With Gold and Silver, new bullish cycle, we expect aussie, kiwi and loonie also to follow the path of gold and silver moving higher. But before we call AUDUSD long confirmed, the pair should first take out the high at around 0.77575, to continue its bullish momentum. In the case of a break of the 0.77575. We will consider long trades after a pullback to the initial breakout level. We will keep you updated with that. As of for right now, we will be on the sidelines, as the pair also could start a lower degree correction from current levels to the last breakout level at around 0.76324. When we see a significant breakout out of the 0.77575 our target will be around 0.79484, for the short-term, as we expect AUDUSD to move even higher, but this would be the first target which we will consider. Hope you enjoyed this short overview. We will be publishing charts now more frequently. As always trade with care and always use a stop-loss Cheers
Long
by secrets2trade