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Audusdbullish

AUDUSD At The Bottom?AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72 Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is broken and it will sell further. so at that point you enter a sell which you hold for 200 pips an you make a nice profit. But for now the signs show it will buy so we go buy. Switching to sell is our Plan B which we probably wont need.
Long
by JoshFX1
3
AUDUSD : ESCAPEHi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up perfectly with support. I'm also looking at how gold performed last few days and the same scenario happened. Gold now built a nice support zone that it couldn't breach to the downside. This XAU move makes sense since AUD economy is built off commodities and vice versa. Now that I got 2 confirmations that a up move is imminent, I looked at the RR. Since we could enter the trade right when it was sitting on said support, the RR on this trade is amazing. That makes it all worth to enter. Here's what I'm thinking : AUDUSD LONG ENTRY : 0.7692 SL : 0.76525 TP : 0.79434 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
AUD/USD - 25/10/2017AUD/USD continued falling after the release of the negative macroeconomic data this morning and finally broke through the lower limit of consolidation/support level 0.7744. It is worth noting that the movement was sharp and on a fairly large, as for the Asian session, the volume. Considering this breakdown move we should give preference to short positions. Sales should be opened after a small and smooth correction of the price upwards to get a more profitable entry point and, as a consequence, a better risk/profit ratio. A stop loss should be placed for the level of 0.7785. The fall potential is about 100 points. The bottom line: short positions are in priority.
Short
by trustbrokergroup
AUDUSD : BIG BULLS NEVER CRY!Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow other pairs. DXY making majors lows, gold posting new highs only helps this rhetoric. RSI & MACD right on cue. I will go long from here. Trade safe!
Long
by ScottMescudiForex
2
TCT trade on AUDUSDHey guys, Australian dollar has gained a lot over the pasy days, you can see this from the chart above and you can also see that lately price has been ranging in a very tiny space. When you see impulsive move like this you would expect price not to retrace so much because of the strength disequilibrium. And that is what i think could happen next here: flags, pennants, wedges, these are all trend continuation patterns that appear when price has a strong trend. Therefore, if it will retrace a bit i'm going to enter long with stops below the lows and target1 at the retest of the highs. Target2 will be placed around 0,76. Let's see how it plays out! If you have questions or if you want to share your view, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
1
AUD/USD bouncing up nicely, remain bullish Price has started to bounce up really nicely. We remain bullish above 0.7441 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 5.1% where stochastic is bouncing up nicely from and also sees bullish divergence versus price signalling that a bounce is impending.
Long
by Korora
1