Audusdshort
AUDUSD | Sell Opportunity. Get ready!If you find this technical analysis useful, please like & share our ideas with the community.
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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AUD/USD - DAILY TIME FRAME - SWING TRADE - SELL SET UPPoints to consider for Sell Set up:
Price has broken downwards from the DAILY BEARISH FLAG PATTERN.
Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%)
Price Rejection is observed on the Higher Time Frame (HTF)
Inverted hammer candle/Pin bar seen on the 4Hour Time frame.
BOS and retest observed on the 1H Time Frame.
Note: Plan Your Trade and Trade as per Your Plan
AUDUSD ANALYSIS ON H4 CHART.Overall, AUD/USD is ranging across.
The Australian Westpac Consumer Sentiment data (Forecast: NA, Previous: -1.0%) will be released tomorrow at 0730 (GMT+8).
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for selling opportunities of AUD/USD.
AUDUSD Trend Analysis over H4 Chart.Overall, AUD/USD is ranging across. Recently, AUD/USD bounced down from the key level of 0.72.
The Australian Building Approvals m/m data (Actual: 3.6%, Forecast: TBA, Previous: -13.6% revised from -12.9%) released yesterday indicated an increase in the number of building permits issued in November, rebounding from the previous month’s decline.
The Australian Retail Sales data (Forecast: TBA, Previous: 4.9%) will be released later at 0830 (GMT+8).
Currently, AUD/USD is trading up towards the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.72.
AUDUSD look like Rising wedge!Rising wedge patter formation on AUDUSD on a 4hr timeframe ! Target should be around 0.7096- 0.6998$ !
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AUD|USD short guyss i am looking at audusd i think its really good to take a short position there let see how that goes if you want any analysis let me know .
AUD|USD based on daily and 4h price look good to take a sell but be carefull when price hit at fib golden zone it can reverse i have seen its making lower high so i think it will go down until it hit stronge support
💡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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