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Audusd4hr

AUDUSD CHANNEL MOVEMENTAUDUSD price has been travelling in a horizontal channel and a descending channel, the horizontal channel is marked out in pink rectangles and the descending channel is marked out in blue lines. Price recently dropped rapidly down to the bottom of the horizontal channel and on the daily chart a doji candle has been formed with a green candle next to it indicating further upwards momentum. we believe price will go up to the 0.5 retracement level to retest the top of the descending channel before dropping down to the TP. We have sell limit orders at the 0.5 retracement levels IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
AUSTRALIAN DOLLAR/U.S. DOLLAR to BUYMarket nearing a change in trend for a buy. RSI signaling oversold area at 40. RSI reading 20-40 is in the oversold area. Wait for the bottom to get in on buy. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Long
by Dani0
AUSTRALIAN DOLLAR/U.S. DOLLAR to BUYChart is an expectation of market setup via harmonics. * Market in trend change trend for a buy. * RSI signaling oversold area currently at 38. * RSI reading 20-40 is in the oversold area. Considerations on where to collect profit; * Pattern D breakout can sometimes finish its run at TP1. * Chose your entry point wisely via indicators, etc. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Long
by Dani0
1
AUDUSD TRIANGLE BREAKOUT INSIDE A CHANNEL???AUDUSD Price has been travelling in a triangle as shown above, however we have just seen a breakout to the downside. Price has already made its way back up to retest the triangle and now we are expecting some short opportunites. HOWEVER Price has also been travelling in a horizontal channel and price ATM is in the rather large support zone of this channel, giving some bullish bias. We have managed our risk and we are going for short as more confirmations line up , such as the fibonacci retracement zones when you go deeper into price. OUR TARGET IS MARKED OUT ON THE CHART!
Short
by UnknownUnicorn2396129
AUDUSD: BULLISH TP: Swing to 0.740 - 350 Pips #Forex #FxProNow AUDUSD: BULLISH TP: Swing to 0.740 - 350 Pips #Forex #FxProNow On the Weekly TF we see a level of support that is being held around 0.706 We saw a level of support being held at this area before... Maybe this will be held again and we will find a retrace at this point. We will have to see... Just that there is not much to do with this pair since on the lower tf's there is major consolidation... So this is the only major move I see available for now.
Long
by FxProNow
AUDUSD - Small BEARISH - TP - 0.700 - #Forex #FxProNowAUDUSD - Small BEARISH - TP - 0.700 - #Forex #FxProNow The main trend is a Downtrend on the Daily and Weekly TF. With that being the case my main focus is the downwards pushes. Only thing is we are at a level of support on both TF. So with that being the case. Entry - ENTERED - We have gotten to a Price Reversal Zone and we have gotten our Bearish engulfing. TP - (-27%) - 0.7000 SL - 0.72050 - If price decides to pass its last H on the M30 TF I will close my sell and wait for the market to make a move because my real trade is the for price to get to the MAJOR level of support again and enter in my Buy for the upsides real move. So, with that being said... For this full and long explanation check out the video... :)
Short
by FxProNow
2
AUDUSD Elliott Wave View: Right Side Calling LowerHello Traders, AUDUSD short-term Elliott wave view suggests that the bounce to 0.7384 high ended blue wave (X) bounce. Down from there, the pair has broken to new lows already confirming the blue wave (Y) lower. Thus suggesting that the right side in the pair is to the downside. The decline to 0.7084 low unfolded in 5 waves impulse structure. And should have completed the red wave A of a possible Zigzag structure. The internals of lesser degree cycles within that decline also unfolded in 5 waves structure i.e Black wave ((i)), ((iii)) & ((v)). Where the initial decline to 0.7237 low ended black wave ((i)) in 5 waves structure. Up from there, the bounce to 0.7361 high ended black wave ((ii)). Below from there the decline to 0.7165 low ended black wave ((iii)) in another 5 waves structure. Then a 3 wave bounce to 0.7234 high ended black wave ((iv)). Finally, a move lower to 0.7084 low completed black wave ((v)) of A as ending diagonal structure. Up from there, the pair is doing a 3 wave bounce in red wave B bounce for the correction of 0.7384 high. The internals of that bounce also expected to be in a zigzag correction but expected to fail below 0.7384 high during the week. We don’t like buying the pair as the right side is calling pair to trade lower & expect sellers to appear at the completion of black wave ((a))-((b)).
Short
by Elliottwave-Forecast