AUD USD SHORTaud usd short call...risk only 2 %
for a better entry take sell from- 0.74480 and stop loss above previous high or .74630
AUDUSD
AUDUSD bulls need to tackle 0.7320-25 hurdle to keep the reinsAUDUSD bulls battle the key resistance, namely 200-SMA, during early Wednesday. Given the Aussie pair’s sustained rebound from the previous resistance line, not to forget successful trading above an eight-day-long rising support line, the buyers remain hopeful by the press time. However, overbought RSI conditions challenge the buyers, requiring a clear break of 0.7325 to keep the reins. Following that, 61.8% Fibonacci retracement of July–August downside near 0.7410 and the previous monthly top near 0.7425 should return to the charts.
Meanwhile, the aforementioned short-term support line near 0.7295 restricts the quote’s immediate pullback, if any, ahead of the resistance-turned-support of 0.7270. If at all, AUDUSD drops below 0.7270, the 0.7230 level may offer an intermediate halt during the likely fall towards the last month’s low surrounding 0.7125. Overall, AUDUSD is in the recovery mode after a two-month bearish performance.
Shorting AUDUSD !FX:AUDUSD
Long term bearish trend continuation supported by a bearish divergence formation.
AUDUSD bulls have a long way to recapture controlsAUDUSD recovery from 0.7100 takes clues from the upbeat RSI line to extend the heaviest daily rise in four months, suggesting further advances towards the monthly horizontal resistance near 0.7270-85. However, bearish MACD challenges the pair’s further upside past 0.7285. Even if the quote manages to cross the 0.7285 hurdle, a downward sloping trend line from early July and a convergence of 50% Fibonacci retracement of June–August downside and 200-SMA around 0.7350–60 will be tough nuts to crack for the bulls. If at all the Aussie pair rises past 0.7360, 61.8% Fibonacci retracement near 0.7420 will be in focus.
On the downside, the 0.7200 round figure and 0.7150 may entertain AUDUSD sellers ahead of directing them to the nine-month-low, flashed last week, surrounding 0.7100. Should the pair bears hold the reins past 0.7100, June 2020 high near 0.7060 and the 0.7000 psychological magnet will be crucial levels to follow. Overall, AUDUSD remains on the bearish trajectory unless crossing 0.7360.
Bullish AUDUSDIt seems that the asset has travelled a lot in bearish trend and it is the time for the bulls to return, and as seen today i.e.; on Monday the bulls are returning.
No more selling; it's time for the correction in the market.
AUDUSD ShortAUDUSD Short
Is this a correct supply zone ?
Feel free to share your opinions in the comment!
💡Don't miss the great sell opportunity in AUDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7385).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 0.7331
TP2= @ 0.7289
TP3= @ 0.7239
TP4= @ 0.7195
TP5= @ 0.7150
SL: Break Above R2
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AUDUSDAUDUSD naked price action ...took support at near short term support...pullback possible...if consolidates for more the 3 hours ..chances if reversal is possible!!!
AUDUSD buy setupas we can see clearly the price is moving in a downwards channel now it reversing from the bottom of the channel by forming a bullish engulfing candle in daily so we will wait for a 50% pull back of the daily candle to see potential buy set ups .
💡Don't miss the great sell opportunity in AUDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7598).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 0.7564
TP2= @ 0.7537
TP3= @ 0.7510
TP4= @ 0.7493
TP5= @ 0.7472
SL: Break Above R2
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sell side audusdHello guys i had find this setup in 1h timeframe which is made double top and also making distribution zone on upper channel we have a great selling opportunity with above resistance sl and below support tg and plzz before taking any trade on my chart do your own analysis if you like my analysis plzz do like share and follow thank you
💡Don't miss the great sell opportunity in AUDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7562).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.7402
TP2= @ 0.7245
TP3= @ 0.7004
TP4= @ 0.6853
TP5= @ 0.6673
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Trade well, ❤️
ForecastCity English Support Team ❤️
AUDUSD bulls return from 0.7730-25 support confluence AUDUSD reverses the previous day’s losses while a bounce off 50-day and 100-day SMA confluence near 0.7730-25. Given the normal RSI conditions and strong support, the quote is expected to keep the recovery moves while trying to cross the key resistance line, around 0.7770, for one more time. While a clear break above 0.7770 enables the buyers to aim for 0.7815, any further upside will need to cross the 0.7820 hurdle to direct the bullish impulse towards May’s top near 0.7890.
On the contrary, a downside break of 0.7725 will aim for a 0.7675 level, comprising early April highs and May’s lows. It should, however, be noted that a clear south-run past 0.7675 won’t hesitate to refresh the monthly bottom below 0.7644. In the case where the AUDUSD remains bearish below 0.7644, which is less likely, 0.7585 and April’s low close to 0.7530 should gain the market’s attention.
