Audusdbearish
Aud-Usd analysisIt was a long wait, but it paid off; it almost seemed as if the speculation did not want to end. One quality a trader must have is patience, more so than a fisherman. The next sensitive levels of Aud-Usd: 0.77500, 0.75850/0.76200 area, 0.74300, 0.73600, 0.72800. Medium-term target the return of the currency pair below 0.71800.
AUD/USD - A Flush In DisguiseAs meaningful as it may be, I am certainly wary and adamant of going against the dollar in the long-term.
With that being said, the horizontal support and resistance were filled with emphasis on the candlestick's closing at the > highest tick volume.
Hence, the research inferred me to scale the portfolio into a short-term "Short: AUD/USD" as the range breakout might came to fruition at the expense of a false breakout as AUD/USD proceeds to test the lower range of the support illustrated on the chart attached.
Trade duration: 1 - 2 weeks.
Risk: Low
Cut Loss: A close above the range prior to Friday's market closing would automatically set the cut-loss strategy into fruition.
Aud-Usd analysisThis chart shows the situation of Aud-Usd. Possible in the next days a drop of the currency pair with the first target at 0,71600 and, then, the pullback on the resistance of the bearish channel.
There are other fundamental considerations (that I don't feature here) that give me a bearish view on the currency pair. Highlighted in the chart the "sensitive" levels/zones of Aud-Usd.
Downside expected on AUDUSD as downside level fails to hold
*Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
AUDUSD reaches the top of the price channel, time to drop?AUDUSD has reached the top of the ascending price channel. If we see some bearish price action at the top of the channel, it will be a good idea to start looking at some sell trades.
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
AUDUSD SELL OPPORTUNITY Waiting for AUDUSD to decrease down to the point, shown in the post.
..Take it into consideration anything can be possible to happen, if it breaks up the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
AUDUSD (SHORT TERM BREAKOUT)Looking at AUDUSD short breakout, i believe the pair has one more push to the downside before we see any possible buys taking place. Looking to short the pair short term to the channel below and a possible push further before the buyers start gaining momentum. This is a short term trade and i will be watching again this pair closely as it is close to my channel and i would be looking at possible buy setups at the bottom.