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Aussiedollar

GBPAUD Short Trade Setup - Bigger Picture TradeGBPAUD has been performing as I expected and predicted on my YouTube channel some time back. With the completion of wave 5 to the top of the structure, I have been in a short and expect wave 6 to complete to the bottom of the structure over the coming weeks. If you are not in the short already, there is an opportunity approaching to enter this trade. There is a smaller structure formation which is setting up for a break to the downside. A break out of this structure would indicate the continuation of wave 6.
Short
by Linton_White
9
AUDUSD still bearishHi guys, After one month vacation in China, Hong Kong, and Canada, I finally returned back to Australia. Let's see this currency pair how bad it was. By using simple trend line analysis on the left chart, you see the recent structure retested back to a black valid trend line that drawn from 2016-01. The red star gave you some ideas that AUDUSD could not able to breach a certain level near 0.7665. Some people may notice a bearish MACD divergence, some may see a dark cloud cover candlestick pattern. Netherless, they are all bearish signals. On the other hand, Ichimoku analysis on the right found 0.7665 was also a strong resistance. The next stronger one was 0.7613. Today's insights We are looking for demand zone or support area. By moving the chart to the past, you may see some supports found on 2016-11 and 2017-05. Left chart We may apply the same range of a bearish flag pattern,there are two targets. Target 1: somewhere between 0.7326 and 0.7373 Target 2: 0.7169 (only if more bearish movement applied) Right chart: Since 0.7454 was a strong support in May, Ichimoku traders need to be patient to see one or two more day to see whether tenkan-sen cross below kijun-sen. If it applies, we then look for chikou span support in the past, the demand zone is very similar to the left chart. Target 1: somewhere between 0.7313 and 0.7346
Short
by SoloTraderAU
1
AUD / CAD - Sell the commodity pair - SHORT to 500 pipsThe Aussie is heavily influenced by China economics and it's use of 'hard' commodities like Iron Ore, Copper, Nickel, Coal and of course Crude Oil and GOLD, and the Canadian Dollar is heavily influenced by the price of Crude Oil and we know the state of these commodities and precious metals right now, yes heavily BEARISH! But doesn't that mean this pair rise and fall together, ultimately yes, and since 2009 they have rotated nicely down a rather large descending on the channel which can be seen on the monthly time frame below. What this shows us is that the pair rotated to the North side of the channel with a retest of the channel producing a huge weekly pin bar in March 2018 and we've been falling ever since, albeit along the rising trend line until April, when we broke through that longterm bullish trend and confirmed our move to the downside is in play, and it did it, with a nice fat pin bar again, perfect sell signal, AGAIN! This idea is based on the daily chart, again showing a pin bar, but since the RSI is a little oversold, wait for a 50% pullback or a sell signal on the 1h time frame, if you don't how to enter, see my link on entries below. We have our first target @0.965 near the channel center line and at previous support, and the second is after taking profits and letting the trade ride down to the southern edge of the secondary channel. What are your thoughts? Patience pays, happy hunting!
Short
by CBMotivation
4
AUD / NZD - Pullback around 1.075 & SHORT 150pips+I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin bar, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter. There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area. Patience pays, happy hunting!
Short
by CBMotivation
2
AUD / CHF - Range bound & ready for LONG?This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within your account management policy, I'm looking for a bigger move out of the channel up @0.76.
Long
by CBMotivation
8
GBP / AUD - Wait for the kangaroo bounce - SHORTThe pound is bouncing back at the moment, but remember we're in a downtrend, that means we must be patient to find a level of weakness to sell it back down, and the Aussie has bounced back too, so at some point one of them will lose and it will be the one that cannot sustain long term growth without indecision and with Brexit looming, that can only be the Sterling. I expect the pound to rebound to either of these resistance levels, look for a "two try" rejection, wait for a price action signal and a move similar to this, try one, try twice and then don't make the move higher on the third try, price action rejection, sell.... I will update this pair as we go. I've done a longer-term analysis to support this, see link below, this pair have made me over 1000 pips of profits this year, you can too with patience and knowledge and not just waiting for sell signals from others.
Short
by CBMotivation
4
AUDUSD - Respecting Rgresion Trend Channel - Long Opp As highlighted in the chart , the Aussie has been trending in a nice bullish channel on the weekly timeframe since Q3 2015 and we are currently seeing a test of trendline support which was last tested in December 2016 and preceeded a bounce from 0.71 to 0.76 Looking forward from today it would not be unrealistic to expect rates to cross the centre line which would take us to 0.786 as an interim target with max target currently 0.82-3 based on the grad,if we project forward using the angle of the last wave up we could expect to reach the target in 12 bars (84 days) If we see a breakdown below the sloping support line then the author suggests stops to be placed just under the May 2017 dip (0.73285) which will give a risk reward of just above 3:1 on the trade , in the event of a drop below the trendline we'd like to see to see a strong bullish engulfing candle (see the Jan 2016 dip) to retain conviction in the trend dynamic. Summary Buy at Support on the regression trendline, initial stop at 0.73285, target 0.82-3, trail stop on close above centre line
Long
by TJP_Trader
AUDUSD: Avoid Noise And Let Market Find More Attraxtive Level.AUDUSD update: Consolidating price action after the recent leg of bearish momentum found buyers at the .7400 area. This is probably the most random type of price behavior a market can exhibit which means one thing for us: avoid. Momentum is still bearish even though recent price structure offers the appearance of some minor stability. Often these type of formations within this context serve as continuation patterns. My recent report in the GBP highlighted a similar condition which has been proven correct so far as price has explored lower levels. For the purpose of issuing a signal to our followers on S.C., the .7374 and .7351 reversal zone boundaries serve as the general area to evaluate potential reversal patterns. This means on a day trading basis, there is plenty of potential short opportunity, but you really must be nimble to avoid getting caught in any noise that is occurring on this time frame. The .7564 (.382 of recent bearish structure) and areas above offer much more attractive reward/risk for any potential swing trades on the short side. In summary, range bound markets may be tempting at times, and may even offer opportunities on smaller time frames. From a swing trading standpoint, randomness is high which means our criteria for a long or short is far from being met. Let the market decide where it wants to go and until it offers a more attractive scenario, there is no reason to take any action. Check out S.C. for a recent update on EUR/USD and Gold markets as well. Questions and comments welcome.
by MarcPMarkets
2