Get started

Audusdsell

IMPORTANT TO MOVE STOPS!! AUDUSD UPDATE (IN PROFIT)!This one playing out exactly as explained earlier as well as the other USD pairs I was looking at. I didn't take entry's on all pairs cause that would be exposing my account to to much risk from the same currency (USD). Price has now pushed down between consolidation range so I expect the support of 0.64500 to be tapped at the least (taking 30% profit on position), from there I expect a reaction but hoping to see this level break and create a new leg down..(long term). RISK MANAGMENT comes before anything!! Good luck traders hopefully everyone's having a good week so far!!
Short
by jamison_fx
1
AUDUSD SELLTrading simple support and resistance. The price on AUDUSD is at a reasonable resistance zone which was once a support. Strategy is to sell the market and the signal for entry is to enter in on break of structure on the 1minute timeframe indicated by the redline. I place trade and wait for market to play out. Always remember to space out stop loss, there a good chance the price will come down but we want to be sure not to take any losses on the way down else it will nullify our profit and a it'll be a waste of a good trade.
Short
by StephenAdeniken
1
AUDUSD | Bearish DivergenceThis idea is a continuation of the previous idea, which is listed below,make sure you've seen it! In this idea, bearish divergence are clearly seen in 1 hour time frame, of course this is our chance to take short, but there are conditions to ensure that this divergence is valid,there are two confirmations that you can choose or you can choose both Option 1 The first option is the trend line, this is the most basic and simple confirmation, the way to use it is when the price has crossed the trend line, then that's when we can enter Option 2 For the second option, this option was chosen because the area is a strong area, if the price manages to break through this strong area, then it is a good time for us to enter How about combining the two options? To combine the two, we need to wait for these two options to have been breached. the conclusion is that if only one option has been penetrated (while the other has not) then we have to wait for the other option to be penetrated by the price Thank you for taking your time to read, it makes me more synergistic Stay tune!
Short
by Ivannn7
Will the AUD turn on Tuesday’s rate hike? The Reserve Bank of Australia (RBA) will release its interest rate decision on Tuesday September 6. Forecasts are for another half-percent increase in the cash rate. If forecasts hold up, Tuesday’s rate hike will be the fourth consecutive 50-basis-points increase from the RBA, lifting the cash rate to 2.35% from the current 1.85%. Still, even with another rate hike under RBA’s belt, not many investors are pegging the AUD to start outperforming the USD to any great degree or for any sustained period. To analyse the current trend for the AUD/USD, we can use the Trend Meter Indicator. This indicator can help confirm whether the direction of a pair might turn. The Trend Meter Indicator aggregates the data from several other indicators to measure the current strength of the movement, such as the MACD, RSI signal line cross, and MA cross. If the Trend Meter Indicator shows green dots consecutively, the trend is seemingly bullish and will likely continue so long as it stays on the green side. However, if a red dot appears after a long streak of green dots, the trend might be thought to reverse. With the use of the trend meter indicator, we can see that the indicator has already given a bearish signal at the end of August on the daily timeframe by providing a red dot indication. Since then, there has been no sign of green dots, which means that the trend on the downside is still intact, even with support being created at 0.67800. Traders who want to trade the pullback to the upside might want to wait for the green dot signal using this indicator. Otherwise, it may be wiser to looking for a bullish Australian dollar with other AUD pairs.
by BlackBull_Markets
1