Audusdsell
AUD/USD Price Outlook: Looking at the Bearish ScenarioAUD/USD is currently in a trend reversal phase. Currently the price is in a very important area. If this line is broken by the bears, then I expect more downtrend in AUDUSD upto 0.6670.
Since I have a bearish bias on this pair, I will be watching for a break of this line before putting new sell trades.
AUDUSD ShortAUDUSD has been trading around a key level of resistance and support. Ill be looking for a few possible entries, The formation of a head and shoulder creating a triple top formation for a short entry. A third tap on the top trend line. Or a bear flag continuation. We will see how this pair reacts this week
AUD/USD shortAUDUSD has been trading around a key level of support and resistance. I see a possible slight head and shoulder formation forming a triple top. Will be seeing how this pair reacts this week if it gets to that ray line correctively, ill be taking a short. If it impulses down creating a bear flag formation will be taking a short position. These are the two moves ill be looking for. Maybe with a possibility of a third trend line tap for a third entry possibility. Will be watching this throughout the week.
AUDUSD [ Analysis for the week ahead ]Simple Analysis for AUDUSD:
Current momentum is very Bullish, however we have reached to previous resistance area which could hold price and may pullback to downside SUPPLY & DEMAND Area. Otherwise, we can see further upside move to touch new target. At the moment, we're waiting on Daily chart Price Action behaviour to see any confirmation for SELL or BUY trade.
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AUD/USD in Trend Reversal Phase, get ready for Big Sell 450+PipsAUD/USD is currently in a trend reversal phase. Traders get ready to for a big sell soon. AUD/USD has been unable to break the resistance area.
After a strong rally for almost 3 months, it is quite natural that the buyers are stepping away and taking profit.
I am expecting the big bears to step in soon and accelerate the downtrend. Sell Trades between 0.6930-0.7050 with first target at 0.67 is a good idea. Although I expect a deeper drop towards 0.65 in the next few weeks. Stop losses can be placed above the Resistance.
AUD/USD - Possible short?Hi traders,
We have seen overall AUDUSD has been in a downtrend since 2013. However, 10th March, shown us a impulsive move to the downside more than normal. But using the fib tool we can see that impulsive downward movement has been corrected an it has retraced to the 1.0 region and reached key resistance levels now. (As shown below on 1D timeframe:
Now it has corrected itself and pulled back to previous resistance leveis, could we then use the fib tool to see the impending pullback i ask?
as you can see it could set up for a lovely short to the 0.5 fib region which is also a nice support area for this pair
Lets await price action to show us their hand
AUDUSD 4H Next Possible MovesThis pair ended lower last week to 0.6776 and then turned on sideways movement. Initial bias remains neutral this week. As a short term top was formed, the further decline will remain in favor as long as 0.7064 resistance holds. On the downside, a break of 0.6780 will target 38.2% retracement 0.6469.
AUD/USD Price Outlook; Bears confirmed?AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears.
Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
Short $AUDUSD against .7000
Hello Sophisticated Trader,
The $AUDUSD as finally showed some form of reversal that now put .6700 in view. The break of the 100MA on the 4hr indicates that the pair may test the breakout levels before deciding what it wants to do. The double top with January high could also be an indication that a long term top is in place. However, we will wait and see. For now, we will short .6910 SL .6950 a close above, the target of .6700.
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