AUDUSD Showing Very Steep Uptrend Line!As can be seen in the chart, AUDUSD is showing a very steep uptrend line, which means nothing but strong continuation of it's uptrend in the near term. I see the uptrend continuing in this pair and going up to 0.65850 levels, which is where I would place my take-profit level. Such clean, steep uptrend lines are always good to trade!
Audusdidea
AUDUSD short trade ideaPlan : trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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AUDUSD Long Position in Near TermThe strong upward trend in AUDUSD seems to want to continue, as can be seen in the chart above. I expect the upward move of AUDUSD to continue in the near term, and test the next resistance level of 0.65350, which is where I have placed my take-profit target. I expect some volatility in this pair with the upcoming CPI news announcement for AUD.
AUDUSD 4HR TIMEFRAMEHello Traders
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AUDUSD 4HR TIMEFRAME ANALYSIS
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BUY AUDUSDAUDUSD has been upside from last 3 days. Also, trendline in day is broken. It's a great opportunity to buy. Trust me,will give you profits. HOLDING PERIOD WILL BE THIS WEEK.. for target of 0.66500 and above.
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AUD/USD HAS FOUND ITS FOR FOR NOW. BUY!!!!!!
AUDUSD. The price will rise, but there will be no profit.Hi traders!
The price of the Australian dollar during this month rose well in the upward channel.
Further reaching the level of resistance, it stopped its growth.
It is assumed that the price drops slightly so that later it grows to its target,
however, it is not recommended to make a deal.
Good luck to you.
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This idea does not provide the financial advice.
AUDUSD possible scenarioNext 3 moves for #AUDUSD:
The price is now deciding which channel to follow ;-).
Anyway, we've to wait for a clear Elliot pattern to be confirmed.
Whatever will be, point 1 is satisfied, so we can set the 61% Fib up.
And it's around 0.67 area which is confirmed by a strong Impulse started on 9th March.
Entry 0.6700
SL 0.68
TP 0.62
AUDUSD Stairway: 4Hr Long! (Weak USD Vs Strong AUD)0.68231 is %50 retest price for a major swing Hi-Lo
Price is currently trading above Buy-Zone 0.63539 for target 0.66043 with 0.64804 to By-Pass
What are immediate upside targets?
Target 0.66043 is from Buy-zone 0.6224-0.63539
0.61982, 0.64804 and 0.7001 are same family/ niche ie same code color--A test of one gives potential test to the niche.
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AUDUSD short, bearish pressure set to continue! AUDUSD structure remains bearish, we are seeing a bullish false breakout and a lower trough series and if the seller manages to push the price to go lower we might have a chance to short sell on this pair. good luck
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUDUSD short trade idea price formed a rising wedge pattern and successfully breakout the trendline support level, it gives us a good opportunity to go short. good luck!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX