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Audusdbuy

Is there still downside for the AUDUSD? The AUDUSD moved down as we predicted last week. I hope you guys took the trade. The price is now trading in a neutral zone and we've to proceed with caution. If we look at 2013, the last time the fed announced a taper, the price of AUDUSD dumped all the way down to the bottom of the channel and beyond and this time round it could be the same. We've a neutral bias for the AUDUSD this week. BEAR CASE Price look due for some upward consolidation before dumping down to the 61.8 or even to the bottom of the channel where it coincides to with the 0.725 level. BULL CASE If the fed taper is already priced in and the market is bullish on this risk on currency, 9.757 and 0.768 are in play. PS: If you control your risk, take both sides of the trade and and time your entry perfectly with a 1:3 risk reward ratio. There is still profit to be made even if you're direction neutral. Making money in the markets has always been mind over matter. Control only what you can.
by IkanBilisCapital
AudUsd- Reversal underway?In mid-August, AudUsd started to rise and correct the down move, and at the beginning of September, a new leg down took place. However, this new leg down couldn't make a new low, but a higher low instead which puts under question the medium-term downtrend. The last breakdown has proven to be a false one and AudUsd quickly recovered losses. At this point, the chart structure is very constructive and indicates bullish momentum for the coming days. I will look to buy dips for a break of 0.73 resistance and continuation to very important 0.75 zone
Long
by Mihai_Iacob
14
AUDUSD: Best Sell ZonePlease study my related idea below to gain a larger perspective on this trade setup. I will be looking to eliminate this minor liquidity before bouncing from the demand above. This typical pattern is likely to have created a potential stop loss hunt to come. We can use this to our advantage if we wait and get involved after this purge. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!
Short
by AlkalineFX
4
AUDUSD: Don't Miss This!!!AUDUSD broke out impulsively from the head and shoulders pattern leaving huge amounts of liquidity. Price attempted to break away with the bulls recently but failed. This leads me to believe that price will come to test below the low before bouncing from the daily demand region. Once we get this bounce we can expect complete reversals into our liquidity point marked. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips!
Long
by AlkalineFX
4