Audshort
AUDUSD - Possible FakeoutWhy I'm NOT BUYING just YET:
- So far this is not a BREAKOUT
- Wait for a Higher High / RS Flip
- The first attempt to breakout was rejected with long wick
Looks like a fakeout so far...
If you are SHORT:
- Stop above the last high
- Around ~ 0.726
Possible lower targets lined out below...
AUDCAD / 4H / WEDGEWait for a break and close below the wedge to enter.
Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style.
The risk to reward on this trade is very good so we'll be watching this pair closely next week to see if we get a clean break!
Happy trading.
AUDCHF SHORT coming this has hit the 0.618 fib retracement
personally will watch this closely as
it might retrace to about 0.382. i am
expecting this to drop. once it breaks
the blue line, should hit the 1.618 fib
extension
like, follow and comment :)
see previous chats especially the weekly one too
AUD/USD SELL - 06/10/2017The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for enter. A stop loss should be placed above the resistance. A potential of the deal is 60-70 pips.
The bottom line: short positions are in priority.
Aud/Nzd big drop before an even bigger up-movePrice rebounded of the Daily/Weekly channel resistance trendline, made an impulse and now its correcting forming an Irregular flat. I think the move to the downside is about to start any second.
I would place the stops above the previous high because i dont think twe are going higher than that.
AUDUSD Short OpportunityI agree with Kathy Lien's analysis in this article. There is a strong opportunity for an AUDUSD short here, especially with the potential for a slight USD recovery this week and next due to rate hike expectations.
www.investing.com
However, this will ultimately set us up for a swing buy, hopefully around 0.73000.
AUDCAD 4h short setupStructure, trend line, and a fibo 0.618 are all fighting together for me on this one.
I will watch closely and keep trailing tight after passing 1.0 down at target two.
For a more conservative approach you could wait for this 4h candle to close (20 mins left) or the MA crossover at hourly.