Audusdsetup
AUD/USD Full Analysis , 2 New Long Setups After Confirmation !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
AUDUSD - Bearish outlook - SELL OPPORTUNITYAUDUSD has reached a key level, where bears could find as an opportunity to enter SELLS.
I'm looking at price action around 0.71350 - 0.71400 area. Please don't rush to sell! Make sure you see confirmation around this level and then you can confidently start opening your short positions!
The pair also looks overbought from RSI perspective!
I think it has got potential to go down towards 0.68000 area, which would bring a nice profit.
STOP LOSS should be placed above 0.72100. A daily close above this area would negate the bearish scenario.
Let me know your thoughts.
Thanks,
Gaspar_Trader
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Trading Idea Regarding AUDUSDThis currency pair is going bearish for the upcoming week
1-Completed M shape Chart Pattern on weekly time Frame
2- About to break out Parallel Channel / Created and fallowing key levels which are based on M shape Chart Pattern we can see on weekly time frame as shown in figure below
AudUsd- Genuine break of support?The long-term trend for AudUsd is clearly short with the pair dropping for almost a year now.
After reaching 0.7 important figure, AudUsd has started to correct higher and had a local top at 0.73 resistance.
The rise from the bottom is corrective in nature and is drowing a flag on our daily chart, on Friday we have a break under this flag's trend line resistance and also under horizontal support at around 0.72.
This seems to be a genuine break and I expect continuation.
The first target for bears can be 0.7
Trading Idea Regarding AUDUSDAccording to my analysis this currency pair is adopting bullish behavior for the upcoming week
1-Break The Downtrend line and fallowing the key levels while holding uptrend line
2-Moving in Parallel Channel Chart Pattern
3-Breakout 38.2 Fibo level retest it and now it is heading for the supply area indicating its further move towards bottom of the channel and uptrend line before bullish move
AudUsd- new rise coming?Since the December 0.7 low, AudUsd has started to rise with the price action well contained in an ascending channel.
On Fiday the pair has dropped hard, just to find bids in 0.72 zone, a zone markek by a confluence of horizontal and trend line support
I'm bullish as long as this support hold and we can see 0.73 figure pretty soon
AudUsd- Back to 0.7?Is almost a year now since AudUsd has been trading in a downtrend and in this period, the pair has dropped exactly 1k pips from top to bottom.
From December's low of 0.7, Aussie corrected to the upside, but the rise is contained in a rising wedge, giving us an indication that the resumption to the downtrend is probable.
The trend line support of this pattern is now broken and AudUsd can revisit 0.7 support in the next trading days/weeks.
Sell rallies is my strategy for this pair and a daily close above the previous high would negate this scenario
AUDUSD Analysis 06/03/2021as you can see the price was centrally range bounding in an ascending parallels channel where it has shown Bearish Divergence with MACD and there exist a cross below of MACD and Signal line (in yellow Circle) on MACD Indicator, which is the sign of trend reversal, and price retracement or correction.
by using Fibonacci Retracement tool ,we can see currently the price is at 38% level and if this immediate support stands, then we can target 2TP directly, and if not, and price falls to Fibonacci Golden Zone and it stands then 1 TP is very feasible.
if fib 61.8% did not stand, then we can short it and target the low of the wave easily...
what do you think about it?