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Audusdbuy

Switching bias. Bearish on AUDUSDI have been mainly bullish on risk on pairs like the aussie dollar for the past for weeks. This weeks' price action is making me switch my bias. The pair looks short to mid-term bullish and looks like it will trade in a range for the large part of 2022. BEAR CASE We are expecting price to visit 0.70 for a strong rebound. After that we will switch our strategy towards trading in a range with a bias to farther downside for the AUDUSD BULL CASE If the market proves us wrong in the coming week, we're expecting price to retest the 0.76 areas where there might be some resistance.
Short
by IkanBilisCapital
AUDUSD Be patient there's no other way then up from here. The aussie dollar broke the consolidation structure that it has been trading within since 20th July 2021. We expect price to rebound upwards from here while keeping in mind the likelihood of highly manipulative price action in this range. Price needs to retest the 0.700 level before it can start its reversal to the upside. BULL CASE Price to rebound from here and find resistance at the 0.724 level BEAR CASE Price continues to break down to test 0.70 but quickly rebounds to test 0.724
Long
by IkanBilisCapital
AUDUSD Swing SetupDont rush the market. Let price come to you. Allow your setups to build. When your confluences are all aligned, open your positions. I am currently waiting for price to break and retest the trendline. An earlier entry was missed, but that means no harm and this current setup was meant to be my second entry. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key #Trade_Like_A_Magnate
Long
by Magnatrio
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