AUDUSD SHORT TERM LONGHey traders, this setup is going long for some short term pips.
-There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips.
-There is very little demand that would keep it at these levels as seen by the volume profile.
-I see the green box as a nice target price for this short term long.
Watch out though as this trade may sit in this yellow demand zone for a little and maybe even try to get another stop loss hunt.
Audusdidea
Just for the sport, quick AUDUSD long trade setup...On the daily chart we can clearly see a Higher High is been made. On the 4 hour chart we can see that price finds support @0.683, this could be a nice window of opportunity to get in a quick long trade to 0.691. For beginners who are new to Forex trading this is a nice setup to trade, very low risk if your trade size isn’t too big. You will see this setup unfold within a week.
Just be patient and enjoy the show!
#AUDUSD, Support and Resistance analysis.A definite downward trend.
The audusd ranges in the range of 100 pips in the event of a break to either side the recommendation is to buy/sell in the same direction.
For traders who like short-term positions, the recommendation is to buy close to 0.6740 and sell close to 0.6805.
After analyzing the dollar, we came to the conclusion that we are more bullish on the coins against the dollar because we believe the dollar should go down.
AUD/USD Attempting to Retest Downtrend-Line (DAILY) Breaking down this Chart I marked horizontal Daily Levels which have rejected in the past.
Then I marked the obvious down trend-line, Highlighted the multiple rejections.
Currently it seems as if we are retesting, and may have found temporary support.
Personally going to wait for the trend-line to be met OR the green support level to be met before I decide to take a position.
Thanks for taking the time to see this let me know what you think!
AUDUSD Sell Order Depleted, Buy OpportunityLast week, price is ranging from bear engulfing candle seen in h4 time frame till lowest level of last 2 week trading session. There are 2 possibilities happened during last week session:
1. seller try to hide their sell position for further drop or
2. buyer begin to show their interest and start to buy
I decide to long this currency based on the fact that price drop on Tuesday 21 March 2019 for over 50 pips is countered by bull buying this currency until it break the highest level point on Tuesday 21 March 2019.
I spotted a good place to buy at FL level happen on Friday 24 March 2019. This FL occur after the break of Resistance level and contain bullish engulfing candle seen on H1 timeframe.
Happy trading. TAYOR (Trade At Your Own Risk)
AUDUSD Weekly Harmonic BAT Analysis and StrategyThis pair is currently trading at a major weekly support (blue zone) and is forming a Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:AUDUSD
AUSTRALIAN DOLLAR/U.S. DOLLAR to BUYMarket nearing a change in trend for a buy.
RSI signaling oversold area at 40.
RSI reading 20-40 is in the oversold area.
Wait for the bottom to get in on buy.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
AUSTRALIAN DOLLAR/U.S. DOLLAR to BUYChart is an expectation of market setup via harmonics.
* Market in trend change trend for a buy.
* RSI signaling oversold area currently at 38.
* RSI reading 20-40 is in the oversold area.
Considerations on where to collect profit;
* Pattern D breakout can sometimes finish its run at TP1.
* Chose your entry point wisely via indicators, etc.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
AUDUSD SWING TRADE - LONGFor quite some time AUDUSD has been travelling in a horizontal channel. It has been bouncing up and down in between the zones marked out above. Price has started making some higher highs, meaning that we could be seeing a rally to the top of the channel. We expect price to come backdown to test the black trend line marked out above before making it's rally up.
WE HAVE BUY LIMIT ORDERS AT OUR ENTRIES MARKED ABOVE, WE WILL KEEP YOU UPDATED ON THE TRADE IF anything happens
AUDUSD - BUYFX_IDC:AUDUSD
I am demo trading and documenting my progress. This is not intended to be a buy signal !
Ascending Trendline Structure on 4H
Possible Retest of 4H Support - BUY To 4H Trend Line Structure
Buy Limit - 0.70040
SL - 0.6979
TP - 0.7069
Second Position - Buy Stop - Dependant Upon Market Structure At That Point
SL - 0.70450
TP - 0.71360