Audusdidea
AudUsd SHORT more LikelyWhat we see is clear, Price making new LH and LL, we wait to break first support then we enter consolidation area which will make price to bounce in this area for a while more importantly we wait to confirm our position with bearish Patterns in lower TFs in each Scenario.
Scenario 1 📉🟥
Scenario 2 📉🟥
Scenario 3 📈🟦
‼️(Red Circles are the please to enter to each Scenario)‼️
Lets see which way price going to choose then we jump in to each scenario 👁👁
any question you can send message @FxShzd by Tlgrm or Instgrm
GOOD LUCK Everyone
AudUsd- more bearish than everI was bearish AudUsd for quite some time and now, after a major false break of both descended trend line and horizontal resistance, I'm even more.
In my opinion, on the medium-term, 0.7 will fall and with the pair close to 0.71 rallies above this figure should be sold.
My target is 0.68 for this pair and a good entry above 0.71 could have a great R:R
AUDUSD - SHORTAUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone.
We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there.
However, if we do manage to stay below the 0.7140 trend line and 0.7152 fibbo resistance, the pair could see further momentum to the downside.
Fundamentally, this asset responds negatively to volatility and a risk off mood that we could experience towards the US election. The markets are pricing in a blue wave and USD extremely weak at the moment, I do believe this could change and we could see some risk off mood over the election causing downward pressure on this pair!
Entry: 0.7133
TP: 0.6980.
AUDUSD Top-Down Analysis (Long then Short)Hello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 45 - Nov 02
M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation.
W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck.
D > Price has dropped to test weekly support thrice now, however we can see loss of momentum odd Doji candle in between. Price is now testing support at demand zone.
As per COT AUD saw closure of both Long and Short, improving net positions. AXY gained some lost position during the said week but dropped to test support level again last week. Any break further to the downside will be interesting opportunity to watch out for.
4H> We can see an M formation and also bullish divergence. We can expect price to rise up to gather liquidity before making an attempt a break to the downside.
Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, Gold, Silver and AUDCHF and negative correlation with EURAUD.
Thank You
AP17FX
AudUsd to break 0.7?From 0.74 top, Aussie is in a downtrend and at this point is trading just in 0.7 support.
I believe this support will fall and AudUsd is in for a fall to at least 0.68 figure.
I will try to sell rallies on this pair
AUDUSD BUY- Dump down to lower supply zone
- Expected rejection at supply zone and pump upwards (multiple previous touches)
- Order set at top of supply zone
- Stop loss set just below supply zone for breathing room
- Target set to demand zone (previous consolidation before the last dump)
- Would also be looking to take out a lot of retailers stop losses at 0.70759
AudUsd- an upside break is probableAfter finding support on 0.7 zone, AudUsd recovered some losses and now is consolidating just under confluence resistance.
The pair looks ready for an upside break and just waiting for a trigger.
A buy trade for this pair could also have a good 1:2 R:R
AUDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did to complete the formation, also hitting Target 1 as per our last analysis. Neck of W is on way to 0.382 level.
W > Price dropped till 0.618 Fib level on weekly bullish impulse for correction. We saw M formation and price moved up to test its neck and complete the formation. Price in fact moved beyond the neck.
D > Price dropped last week to test neck of W formation again and faced rejection. It created double bottom before moving upwards. On its way down price created an M formation and has completed it with last rejection to the upside. Price is currently on its way up to test daily supply zone, rejection at this level to the downside will create a H & S formation.
As per COT AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week.
4H> After rejection price is moving up creating HH and HL. Price is approaching daily supply zone and we expect price to move up before reversing for downward move.
Pair Correlation > AUDUSD has positive correlation with AUDJPY, NZDJPY, AUDCAD, AUDCHF and Silver and negative correlation with EURAUD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
AUDUSD SignalThe pair just did a retest on the area of suport and started to show some bull strengh. The ideia is to go long in a 5 to 1 risk reward.
Enter around: 0.71180
TP: 0.71983
SL: 0.71015
AudUsd- 0.71 is strong resistanceAfter a drop to 0.7 important support, AudUsd is in recovery and is going towards 0.71 strong sell zone.
I expect this resistance to hold and Aussie to resume its downtrend.
I'm looking to sell this pair above 0.71
AudUsd- rallies above 0.71 should be soldAfter the false break above 0.72 from last week, AudUsd dropped rapidly and broke both the ascending trend line from the flag and horizontal support at 0.71.
Now the pair is in a normal correction that could offer a good opportunity for shorting this pair
In my opinion rallies above 0.71 should be sold and the target could be 0.7 important support
AUDUSD - Signaling Lower Prices 0.7000 in Sight. Hello and welcome back. If you found this idea helpful, please leave a like. AUDUSD is looking bearish. I was a bit too ambitious in looking for higher prices in this pair last week. I am now looking for 0.7000 as an objective to run out those lows. A retracement higher to those purple lines may be a great entry.
AUDUSD-Daily (Bear is ruling the AUDUSD) Next levels to watchAUDUSD
After reaching the year high around 0.74000 from yearly low around 0.56000 which is a 1800 pips rally. At 0.74000 it got some rejection and felled towards 0.70000 level which is a .786 Fibonacci retracement level and September 2020 low.
From this point AUDUSD bounced back towards 0.72000 as a short term bullish correction. Currently the AUDUSD was driven by the risk sentiment and political developments around the world.
In daily chart yesterday its leaves a gravestone doji which is a clear sign of continuation of the bearish trend and today Reserve bank of Australia governor Mr. Lowe hinted that RBA is ready to act to easy further and cut the rates even below zero to maintain the economy afloat.
The unemployment rate was slowly increasing and the local economic development is facing some hurdles to recover from the pandemic shock. The recent political development with People republic of china will also weigh this Proxy pair Australia is heavily rely on the China for Both the imports and exports In recent days The Australian government is facing series of import bans.
As the vaccine development facing some minor issues such as serious side effects on the candidates who are tested with pre approved vaccines has poured some cold water on the virus infection curtailment Around the world many countries are implementing the second, third tier lock down measures to contain the virus infection. These fundamental factors will drive the AUDUSD.
And the Economic stimulus talks in the USA will also weigh on AUDUSD as the hope for stimulus talks worth around 1.8 Trillion was slowly waning which is will boost the strength of USD in turn AUDUSD will fall further
.786 Fibonacci will act as next resistance for the Bearish trend. If this level was broken then the downside swing target would be 0.67000 which is comes around .618 Fibonacci retracement level and March 2020 High
On Elliot wave theory the second wave was completed and the third wave was underway. I am expecting the 3rd will end at .618 Fibonacci level The price is well below the Point of control on visible volume profile range.
Today daily candle close will decide the next upcoming movement of AUDUSD if the price closed below or at current level then it will leave a strong bearish engulfing candle
Currently 100 Exponential moving average is holding this pair against further drop and the current price is well below the 20,50 Exponential moving averages. If the 100 EMA was broken then 200 EMA will act as major resistance
for the bear.
Relative strength index is well below the 50 And pointing towards south. MACD is about to turn red and going to cross the middle line
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