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Ausie

AUDUSD: Good pair to trade with current fundamentalsI'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week. I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength. Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel. I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels. We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
Short
by Finchcliffe
3
AUDCHF: Short Scalp Potential?We're in a long-term down trend, so I am overall bearish on this, not seen a huge amount to change my bias in recent weeks. We may have a double top which coincides with the 50% fib retracement from the last impulse move down, certainly a strong rejection just below a previous 4Hr high. I'm waiting until the next lower low (around 0.636) to maybe get in, SL 0.6385, TP 0.631 would be my risk and reward. I am bearish on this pair and as per my previous post I think we'll see 0.62 in the coming weeks, but I do expect a bounce from 0.63 so I'll TP and await another entry down. I'm conscious that there is the RBA meeting notes at 12.30am tomorrow, there will be volatility which could cause the stop to be triggered so I'll assess later, if triggered.
Short
by Finchcliffe
1
AUD/USD (AUSTRALIAN (AUSIE) DOLLAR) UP MOVE BEFORE DOWN-TREND AUD/USD (AUSTRALIAN (AUSIE) DOLLAR) will up for making the 2nd of a minute degree somewhere around 50% or 61%. It has already touched 38% area of fibo retracement but it needs to go deeper which is generally happens for the 2nd wave. After finishing the 2nd wave it would down to the lower side to make the 3rd of 3rd of the C wave. We need to watch carefully where it will finish the 2nd 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. #AUD/USD #AUSIE #audusd
Short
by anantadhungana