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Audusdbuy

AudUsd buy setup loomingAudUsd on the weekly time frame closed a doji last week. But its not a clear version of a doji that you want to base a reversal sign on. So I moved down a bit to the daily time frame to see if it gives a more clear indication. The daily has 2 options and the right option will most likely be confirmed on Monday's close. If Monday's candle closes above Friday, than its it a good buy setup. If it closed below Friday's candle than we are looking at a possible double top and it will go back to support and probably break it. If it's closes inbetween we wait till Tuesday.
Long
by JoshFX1
Long AUDUSDFundamentals:- The US had its Non Farm Payrole on Friday and although the unemployment rate dropped to 3.9% average hourly earnings had also dropped. The NFP figures showed jobs created at 164K when the market was expecting 190K. So mixed data but in all we are expecting a bit of a pull back from the Dollar strength last week. In Australia the economy has been improving moderately although the RBA are concerned about household consumption and Debt. The retail sales figures on the 8th of May should give us a bigger picture. In the mean time I am expecting a pull back on the sell off based around the disappointing NFP figures for the USA. Technicals:- The daily chart is displaying a nice morning star pattern and this coincides with an oversold signal on the stochastic indicator. This potential reversal carries through to the 4 hour chart with a pin bar rejection of the 7500 area. The weekly does show the rising trendline being broken but also shows rejection of the 7500 area. For full trade settings for this signal sign up to the 30 day free trial at BOAFX Trading Signal Solutions.
Long
by FreeForexSignals4u
>> AUDUSD << April 19th >> Long „Breakout“ Setup <<Hey Guys and Welcome, AUDUSD broke over previous week highs, we are following „Mid“-term Trend with a good RR. Very bullish price action agains the trend occurred last week and formed a short-term strong uptrend, we are following this one expecting a possible break of our Trendchannel to the upside. Long: 0.78120 Sl: 0.77744 (40 Pips) TP: 0.78506 (40 Pips) TP2: 0.79048 (95 Pips) Feel free to Comment and Discuss my Trades. Have a Great Week :) Alan
Long
by DACapitalTrading
AUDUSD earn the minor pullback Hey Guys, Lets look at this trade and see why i'll be buying this pull back pattern. 1.You can see that the candle wick bounces the third time at around the 0.7770 price range. 2. Then, the up trend line has been broken and we will expect audusd to drop down further. Hence, i believe there will be a pullback to around 0.7839 price point before it continues its dip. T/P at 0.7839 S/L at 0.7763 R:R 1.6 Please don't trade more that 2% of your trade Hope you get some profit out of this trade Cheers!
Long
by jtanum
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
Daily Pinbar at Structure: time to retrace?Hi guys, as you can see on the left hand side of your screen we're up to a previous level of structure. And in doing so, price has formed a nice pinbar showing buying pressure. When i look at the 4 hr chart then, an engulfing pattern appears following a pinbar, and that gives me reasons to believe we could see a reversal at this point. With a little retracement, i'll go long with stops below the lows, and targets as shown. If you have questions/ideas, please let me know down below. Otherwise, see you in the next chart!
Long
by Roker1
AUDUSD: RIPTIDEHi traders! AUDUSD seems to just pattern itself out each time. We see again the same bottom that it made last time before firing up to +0.80 Clear divergence on daily MACD Buyers found in this zone making multiple wicks DXY finally top (resuming its downtrend) Playing off those FIB extension perfectly Here is my suggestion: AUDUSD LONG: ENTRY : 0.78654 SL : 0.78286 TP : 0.80506 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
4