The way I see audusd is bearish trend? Why? Yesterday it broke below MA 50 with huge moment, which it was bearish engulfing candle (blue circle). Second reason is macd cross downward and the current value is below 0 (yellow circle). 3rd reason is the future cloud just started into bearish. Senkou a is pointing lower and it is below senkou b (red circle). My...
A couple of key factors here need to come into play, inflation figures need to come back worse than expected in July, followed by the fed becoming more hawkish with their monetary policy. Australia will follow suit and hit that cash rate target of 3-4%. Cost of living isn't taking a reprieve and the mining industry isn't saving the australian economy atm. If we...
Hi Traders, Here is a quick update on AUDUSD. Price has taken a few days to move but eventually made the move down and I was able to secure 100pips with a small position still running. Looking at price now I see potential for price to retest the broken support and then once again hit a new low, I would like to see the h4 candle close below the resistance in...
short audusd as wave ii of 3 seems to complete. wave iii of wave 3 is about to start and at least a 1.618 of wave 1 is expected.
Monthly/Weekly -Price is clearly in an overall bullish trend. But price appears to have become overextended, after a huge breakout (through the trend line) and has since been consolidating preparing to make a possible pullback/retracement. Daily Price has formed a Head and Shoulders (H&S) formation which is a sign of bearish pressure or a possible...
ON AUDUSD we are still on track. Hold onto those shorts. Targets 0.7680 and 0.7640. Tight stop losses from here hence forth.
Shorting from top of bullish regression channel to the 0.7440 level.
Is this going to be another false breakout and reverse down? Time will tell.
The current trend is uptrend. In my opinion there is a strong resistance level that we're going to face. So as you can see in my chart, I think the end of uptrend is so close and it's time to set sell orders after uptrend and support level break. I set profit taking targets as well. Thanks for following my ideas here.
The current trend is uptrend. In my opinion there is a strong resistance level that we're going to face. So as you can see in my chart, I think the end of uptrend is so close and it's time to set sell orders after uptrend and support level break. I set profit taking targets as well. Thanks for following my ideas here.
Two sales position Price entry: 0.7048 First Exit ( take profit ): 0.6970 Second Exit ( take profit ): 0.6788 First loss Stop: 0.7073 Second loss Stop: 0.7143
Nice short setup i see on AU, wait till price retraces.
AUDUSD is going down after a small UP wave , and will be starting BIG down wave from around 0.7020 . Big banks will try to hit bearish StopLoss above 0.7000 . Better to wait for bullish candles and enter Sell with a good money management . Thanks
AudUsd Short Idea I will enter using the Lower Time frame, you can use a limit with stop loss over the wick if you want. Trade look solid.