AUDUSD Analysis 09 Nov 2020Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of AUDUSD
AUDUSD Analysis 09 Nov 2 020
I hope my analysis will help you in your trading best of luck
share your point of view about AUDUSD in comment section, Thanks
FX:AUDUSD OANDA:AUDUSD FOREXCOM:AUDUSD
Audusdsell
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.
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Sell AUDUSD 0.7265
Stop loss 0.7300
Take profit 0.7160
RR Ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
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
AudUsd- more bearish than everI was bearish AudUsd for quite some time and now, after a major false break of both descended trend line and horizontal resistance, I'm even more.
In my opinion, on the medium-term, 0.7 will fall and with the pair close to 0.71 rallies above this figure should be sold.
My target is 0.68 for this pair and a good entry above 0.71 could have a great R:R
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.
Downside expected on AUDUSD as downside level fails to hold
*Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Aud / USD sell now, be patient because this is a swing trade.Aud / USD sell now, be patient because this is a swing trade.
if you look at my analysis last time
s3.tradingview.com
this pair after breaking the validation line to sell and then retrace to the trendline. The price respected the trendline well and fell back quite a lot. i feel this is an opportunity to sell with
placement of SL at 0.71700 and TP at 0.67800
AUDUSD H4 IdeaThis is just my personal opinion and idea. Please trade at your own risk.
The price will follow the uptrend and if it breaks the downtrend line, it will go bullish until the resistance level. There will be an opportunity to short position.
Feel free to comment and share your opinion. I am here to keep learning. Thank you!!!
AUDUSD long opportunity We can clearly see an M formation on the daily chart and we can expect the market to go and test the neckline of M formation sometime soon. But right now the AUDUSD chart is very bearish and the cotdata also added a lot of short on AUD. So the market can break the daily support and continue even lower. It will be foolish to take a long right now. To take the long we clearly have to see a shift from bearish to bullish on 4H.
AudUsd- rallies above 0.71 should be soldAfter the false break above 0.72 from last week, AudUsd dropped rapidly and broke both the ascending trend line from the flag and horizontal support at 0.71.
Now the pair is in a normal correction that could offer a good opportunity for shorting this pair
In my opinion rallies above 0.71 should be sold and the target could be 0.7 important support
Aud / Usd executed well. can we sell now?Aud / Usd executed well. can we sell now?
if you see my previous analysis history
s3.tradingview.com
The price respects the trendline well, with the price falling again when it hits the trendline resistance.
On its way, the price has broken through the validation line to sell, I will run this trading plan, with an invalid limit at point D. with the meaning that, as long as the price does not exceed point D, I will focus more on finding opportunities to sell.
this opportunity could bring us to the price of 0.68300 in the next few weeks.
are you ready to sell?
AUDUSD - Signaling Lower Prices 0.7000 in Sight. Hello and welcome back. If you found this idea helpful, please leave a like. AUDUSD is looking bearish. I was a bit too ambitious in looking for higher prices in this pair last week. I am now looking for 0.7000 as an objective to run out those lows. A retracement higher to those purple lines may be a great entry.