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Aussiedollar

EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN EUR_AUD is trading above the broken key level, while also respecting a diagonal support. So the target trade is a long. For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or the pair going lower to improve risk reward. The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing. Thank you for watching! Like and Subscribe to never miss a new video! See you next time!
Long
by ProSignalsFx
6
$AUDUSD - Triangle correction is about to endHi guys! AUDUSD, Australian data looks promising, US data looks even better according to the forecasts. Hence, a slight difference may play a great role in this pair. My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
Long
by realMarketSurfer
ridethepig | AUD Market Commentary 2020.10.21🔸 AUDUSD - Market Commentary 2020.10.21 The following play is aiming for a test of 70c; after a very dovish RBA earlier in the week opening the window for negative rates, we have some more downside to play. Wellll done all those selling AUDCAD , AUDUSD and AUDCNH . Volatility is going to continue to expand as we enter into the elections which will weigh heavily on AUD and NZD to a lesser extent. The play towards 70c can be opened by a fresh zig-zag from sellers. Such a move should never be played without being aware where we are wrong and measuring with certain effectiveness the bang for our buck. The downside is made possible via USD finding a temporary bid for ultimate safe-haven flows. We must recognise the dollar as the reserve currency and give it credit where credit is due. For the technical flows, looking for an eventual test of 0.700x/0.699x while invalidation above comes with a closing basis through 0.711x. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
2