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Audusdtrade

AUD/USD Still Hovering Around SupportThis is still holding up around the support level. Its still looking quite bearish to me so it could break lower to the next support which aligns with 0.5 Fibonacci. If this happens anywhere between 0.382 and 0.5 FIb could be a good buy area but we would still need to wait for confirmation in the form of a rejection. If the current support continues to hold then we need to see a clear rejection from this level and a more bullish setup on MACD and EMA's before entering a long to the target of 0.80500 to 0.81360
by olly48
AUDUSD 210 Pips bounce was expected will it break 0.76000 levelAUDUSD ********* ⏳1 Hour chart 🎲 Swing trade ⛳️Bullish entry/Alternative bearish entry —————-❇️——————- Detailed analysis 💬 1️⃣ Parabolic move in AUDUSD 2️⃣ Strong break of 0.75000 level 3️⃣ Positive risk sentiment, Vaccine news, Selling off USD 4️⃣ 0.74500 50% Fibonacci Dynamic support and resistance 5️⃣ 0.75200 78.6% Fibonacci Dynamic support and resistance 6️⃣ 0.74300Point of control - Volume profile 7️⃣ Technical support - Bullish 8️⃣ 0.76500 will acted as key reversal-bearish 9️⃣ Series of HH,HL,HH,HL patterns 🔟 Possible swing target-0.80000 #️⃣ Overall long-term trend- Bullish —————-❇️——————- 📉 Technical bias-Day-Bullish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bullish Ichimoku cloud -cloud is still green-Price is well above the cloud Bollinger band- Price reached around the middle side of the band-Short term bearish correction towards middle band was expected-Inclined towards parabolic structure Relative strength index - Around 50 - Bullish rebound was expected MACD -Histogram is still in red zone, Oscillators are about to cross Stochastic - Reached around 25- oversold condition will give a medium term pull back was expected —————-✳️——————- Key reversal area's 0.75000 psychological level 0.74300 Point of control area Volume analysis 0.76000 Topside resistance 76.200 Break and retest area 0.80000 Major psychological level 0.75200 Possible entry- Bull 0.74860 Recent support level/Strong support level —————-✳️——————- Bullish entry #aussiedollar #greenbeck #audusd Entry price - 0.75200 Take profit 01 - 0.76100 Take profit 02 - 0.77300 🚫 Stop lose 0.74700 ⬆️ 2.79 Growth expected ⤴️ Account growth .66: 2.79 ✅ Risk reward ratio 1 : 4.2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside. Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair! Entry: 0.7133 TP: 0.6980.
Short
by WhosPipsAreTheseAnyway