Audusdsetup
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?
AUDUSD short setupFOMC meeting result make the fed looking hawkish at this moment, so this condition will support the technical analysis setup.
From the technical view, the price can't break through the kumo cloud multiple times, even though the kijun sen (blue line) is below the tenkan sen (red line) on a bearish kumo cloud (the ideal position is the kijun above the tenkan if bearish momentum), but i thing this anomaly supported by the fundamental of fed's hawkish statement. So then I'm confident with this 1:2 risk ratio short setup for AUDUSD.
What do you think guys?
AUDUSD |Still in Uptrend. Go long!When it comes to AUDUSD , right now price is staying near a demand zone and we already seen some rejections from that particular area, which clearly shows the signs of demand. From there we could expect a nice bounce off and good impulse to the upside. On the way to the upside, we should expect a resistance from T1, which was a previous resistance area. From there you may book the partial profit or close the position.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDUSD |Good Buy opportunity. Get ready!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of A UDUSD , I think we are going to see an upward movement. If you are going to go short now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDUSD | SELL Opportunity. Get ready!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see a downward movement. If you are going to go short now, make sure to place the stop below the previous resistance area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUDUSD | Buy Opportunity. Get ready to get in!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see an upward movement. If you are going to go short now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUD/USD WILL PUSH DOWNAUD / USD (Australian Dollar vs US Dollar) Aussie dollar will make a new high around 50% area or 61% are which is shown on a chart and after that, we will finish (B) wave there and we will come down for making new low as a (C) wave.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.