Audusdshort
AUDUSD - Rising Wedge Bearish PotentialAs we can see AUDUSD formed a rising wedge and broke the structure of it pointing the pair to the downside. To further this bearish sentiment AUDUSD also rejected a key FIB level @78.6 after breaking structure and retracing.
Usually this is a great indication we may be in the 3rd wave of the Elliott Wave Theory which should be followed by a great impulse downward.
I set this idea to be invalid if price continues upward around 0.68750 with setting take profit at 0.66100 and 0.64656
If you would like to see updates on this idea and many more please follow and hit the like button for more!
Now, its time to get 50 PIPSWhen I say " It's time " it means it's time.
Last time, I publsihed a Trade on Pound here to get a profit of 100 Pips and the trade went in our direction and we made the profit. Now it's time to get some quick bucks from AUD.
Just open a sell trade and set the target at 50 Pips.
AUDUSD SHORT FOR Risk : reward of 1:3
As per the Daily chart we clearly see that Price has violated Demand Zones and we have a Fresh Daily Supply Zone formed, Price is aleady coming from a Monthly Supply in the higher timeframes and hence the Target is a Monthly Demand formed at 0.65512.
Once Price violates a Demand in lower timeframes like 1H and 4H we will have another trade with an amazing Risk: Reward ratio. But for now 1:3 is also a considerable Risk to reward ratio hence shorting.
Happy Money Making !!!
AUD/USD:SELL From Resistance Area FIBO Levels DIV. SHORT SetupAUD/USD after the raising of the value in the last days, the price, looking at the daily charts it's retesting a strong resistance level in confluence with the Fibonacci levels and divergence RSI. In the lower timeframe, Divergence is also stochastic and our Idea is about a new pullback in the short side of the chart.
Daily Timeframe
AUDUSD Clean SellsThe best thing about AUD based pairs is they almost look mostly clean. Although these pairs can be slow, the moves can be really simple making them awesome to catch.
Several trap levels are below here for sells, goal is to see if she can make it back to that Daily trap level. Lets see
AUDUSD M30: Bearish outlook seen, further downside below 0.6750On the M30 time frame, prices are facing bearish pressure from the resistance at 0.6750, in line with the Fibonacci confluence levels. A pullback to the resistance zone at 0.6750 could present an opportunity to play the drop to the support zone at 0.6650. A break below the downside confirmation level at 0.6720 could provide the bearish acceleration in prices to the support zone at 0.6650. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
AUD USD SHORT TRADE BASED ON MY STRATEGY AND RULE1. Am not trading against the 4hrs time am following the trend on the lower timeframe ENTRY OFF_1hr_____
2. My levels/zones are marked correctly so I know were price can
reverse from before taking profit/entry.
3. Waited for candle to close on the___4hrs______ before entering this trade
4. Am not taking a full 4hrs Bullish/Bearish (OVERBOUGHT/OVERSOLD) candle price rejected resistance
5. There is no News in the next 1hr during the time this trade was
taken
6. Am risking 2% /1% of my account this trade___2%___
AUDUSD H1: Bearish outlook seen, further downside below 0.6750On the H1 time frame, prices are approaching the resistance zone at 0.6750 in line with the Fibonacci retracement where a pullback to this zone could present an opportunity to play the drop to the support zone at 0.6650. The 0.6650 support zone coincides with the graphical swing low. Stochastic is approaching resistance at 93.39 where we could see a reversal below this level, in line with prices.
Chance for a drop on AUD/USD.Note :- Not a signal.
There is a probability for a price movement on the direction.
These analysis is only done by basic price action methods.
*Trend direction
*Trendline breakouts
*Support and Resistance
*Fibonacci Retracement
*Supply and Demand
Follow and share with your friends.