AUD/USD BUY IDEA Hey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
AUD/USD: Daytrade-Preparation
Market-Buy: 0,73200
Stop-Loss: 0,72700
Target 1: 0,73660
Target 2: 0,74040
Target 3: 0,74655
Stop-Loss: 50 pips
Risk: 0,5% -1%
Risk-Reward: 3,12
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Peace and good trades
Irasor
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Audusdsetup
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- 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 SWING TRADE 11-OCTOBER-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
AUDUSD-Technical analysis
⚡️The price is well above the .50 Fibonacci retracement level
⚡️Previous double top formation will act as support for the BULL
⚡️.072762 will act as middle line resistance
⚡️Swing target would be around 0.73463
⚡️Price reach upper side of the Bollinger bands
⚡️200 Exponential moving average is acting as decent support for the BULL
⚡️Ichimoku cloud is still shows bullish trend and the Price is above the cloud
⚡️RSI has reached the over bought area around 30 we can expect short term downward correction
⚡️Upper side trend line as acting as major barrier for the bull
SWING TRADE -AUDUSD
BUY @ 0.72200
Take profit @ 0.73400
Stop lose @ 0.71360
120 Pips target
Don't risk more than 1% of your capital
Short Position on AUDUSD 4hHello Traders!
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🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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Sell: 0.7114
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AUDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price faced rejection at monthly resistance and has dropped since then. We saw W formation and expected price to drop till the neck which price did and completed the formation.
W > We saw M formation now and price moved up to complete formation.
D > Price has tested neck of M and has shown loss of momentum and reversal color candle. We can see bottom wick and expect price to drop till weekly demand zone.
As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week.
4H> Price has broken the trend with break of last LH and creating of LL, we expect price to drop till weekly demand zone.
Pair Correlation > AUDUSD has positive correlation with AUDJPY, AUDCHF, NZDJPY, NZDUSD, AUDCAD and EURUSD and negative correlation with USDCAD and EURAUD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
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