AUDUSD_ZERO trade ideas
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: CorrectionAfter an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
AUDUSD Bullish BatAUDUSD Bullish Bat - Sharing for educational purpose, trade as per your risk management.
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.
BUY OPPORTUNITY IDEAprice is in channel
respecting key levels
price will go up
entry ;after breaking small trend line
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AUDUSD ANALYSIS - 17 AUG 2021Here we provide you AUDUSD analysis.chart pattern is most useful tools in trading.
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Upcoming short term trade in AUDUSDSell limit @ 0.76003 TP 0.70325 SL 0.77590
Don't risk more than 1% of your account
Note :- Given trade is for educational purpose only . Trade at your own risk
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AUDUSD 4H TF
AUDUSD has been in a sideways channel in an uptrend,
The three corrective ways also ended recently, thus we can expect a nice up move
The RSI is at support and is also showing signs of reversal!
A nice entry can be taken now with a small SL at the previous low,
Keep a first TGT the top resistance, and a second TGT of TGT 2 if a breakout is seen!
RR-4
Possible Pips-0.015
AUDUSD ShortAUDUSD Short
Is this a correct supply zone ?
Feel free to share your opinions in the comment!
BEST SELL OPPORTUNITYPRICE IS IN CONSOLIDATING AREA
price is respecting green trendline
Price break the trendline
Price is showing rejections at 4hour timeframe
ENTRY ; price break the structure low
💡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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AUDUSD shortim in au sell after the rejection off the trend line and the resistance zone im looking at price to sell down to monthly ma 72735
