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Audusdsell

AUDUSD 60 PIP SELLAUDUSD showing great potential for a 60 PIP drop. As we can see on the 4hr chart that a descending triangle was recently broken and we have now reached a level where price was rejected before and seems to have done now. With this rejection i can see a pull back of around 60 Pips to retest the previous descending triangle before forming further higher highs. I have set TP at the next most significant zone in the previous trend which was rejected multiple times which leads me to believe it could also be support for the pull back . This support zone is also situated at the 0.50 fib level which further leads me to believe price will return to this level and now find support instead of resistance. RSI(10) recently showed an oversold condition in the focused area as well. With these points combined i think AUDUSD has great potential for a 60 PIP drop. TP is set at 60 PIPS and SL at 35 PIPS !
Short
by tradingonthego
2
AUDUSD, daily tf, bearish shark harmonic patternHello my friends, Another setup coming today for you is AUDUSD pairs. As i was looking at this pair, i noticed that price has been moving up in an aggressive way. AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280. After a rally at this aggresive pace, it usually will be followed by some exhaustion. I am expecting price to retrace soon because at the same time, it looks like a bearish shark harmonic pattern is completed. If you look at the 4hr chart, we could see some reversal candle has formed which is hammer candle. As it was forming near the top of this harmonic pattern, i am taking a conclusion we could see some reversal to the downside soon. We could try selling AUDUSD for some retracement towards 0.7160-40 area which is the strong support. If you find this post useful, don't forget to follow me and give me a like. Stay tuned to my next updates. Sell AUDUSD 0.7265 Stop loss 0.7300 Take profit 0.7160 RR Ratio 1 : 3 (3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
AudUsd SHORT more LikelyWhat we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario. Scenario 1 📉🟥 Scenario 2 📉🟥 Scenario 3 📈🟦 ‼️(Red Circles are the please to enter to each Scenario)‼️ Lets see which way price going to choose then we jump in to each scenario 👁👁 any question you can send message @FxShzd by Tlgrm or Instgrm GOOD LUCK Everyone
by FxShzd
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside. Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair! Entry: 0.7133 TP: 0.6980.
Short
by WhosPipsAreTheseAnyway