AUDUSD, 4hr tf, triangle pattern bearish breakoutHello my friends,
It has been long since my last post on tradingview.
I was taking a break from trading first because my analysis was off for the past 2 months.
It is important to know when to stop instead of doing revenge trade.
My first trade for February will be AUDUSD pairs.
As you can see, it looks like AUDUSD made a triangle pattern.
Price broken below the horizontal and ascending trend line support level.
We could expect price to continue drop as USD also gaining strengh right now.
Sell AUDUSD around 0.7670
Stop loss 0.7710
Take profit 0.7520 (3.75R)
Use only 2% risk at most
After price moving 30 pips in profit, move SL to breakeven.
Good luck
Audusdsell
sell at 0.7793 with 2 tp till at least 0.7694i see many fact but i will not cite all as i am in rush for now
- big bearish divergence daily
- accumlation under big resistance
-dollars have to pullback ( i think,just my view)
- may the stocks will be sell as people will buy for the stimulus package of biden so people buy big firm sell..or buy the rumours sell the news
- stock are very higher also and any move down will weight on AUD AND NZD
i will od it in 2 lot as usually
1st lot i <ill cut at tp 1 and take full profit
2nd lot i will let it go with trailing stop but first put it at pmy entry point for secure no lost if my plan work till tp 1
AUDUSD SELL OPPORTUNITY Sounds like to give another chance to sellers to enter
...Take it into consideration anything can be possible to happen, if it breaks up the resistance level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
AudUsd- are we done, at least for now?Like many of you, I was also wondering how long can AudUsd go without a significant correction, but every dip on this pair is constantly bought.
From a technical point of view, we have a clear short-term top above 0.78 and after the trend line break, the pair reversed from support and started to rise again.
At this point, this rise can be just a confirmation of this break and Aud can finally roll down.
A break above 0.78 zone though would suggest that Aussie is in search of higher prices.
AUD/USD POSSIBLE SELLAfter a long period of time the price seems like its going to go down.
The price fell after it reached the brown trend line as expected, now breaking the pink trend line which was followed since November 2020.
The trend line breakout has occurred with price breaking the pink trend line and now retesting back to it suggesting a decrease in price until the green main trend line.
AudUsd should drop to at least 0.75Aud was one of the strongest currencies in the last semester of 2020 with AudUsd rising around 13% from 0.7 to 0.78, which is enormous for a major Forex pair.
Now the pair is hovering under this 0.78 and seems that it found a top.
A spike above 0.78 and a stop hunt above this level is not out of the question but in the medium term, Aussie should dive to at least 0.75.
Prices above 0.78 should be sold in my opinion
AUDUSD – Downtrend to start in 2021?2020 finally prove to be the time for AUDUSD bull,.. I have been forecasting for a trend change to bearish for several weeks, will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one.
This chart that I show is just a portion of a multi high TF (Daily and above) corrective ascending structure and the price is now really at the top (high value area) of these structure. We close last week with a bit momentum to the downside (At least in the short term). I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal.
I’m now anticipating a bit further move to the downside and forming a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure.
Lets see how will this pair develop. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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