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Audusdshort

AUDUSD - Deep Pullback Before A Drop?Analysis: To start off with this isn't our favourite setup. We don't have any added confluences which whilst aren't required for a trade to be valid in our opinion, they are still a nice thing to see and they provide more confidence. With that being said just because we don't have the these added confluences this setup is still valid and there are a few reasons why fundamentally. Firstly the technicals though. We're clearly able to tell that currently we are in a downwards trend. Price has made a pretty big move to the downside and we expect that this will continue. We're interested in shorting from this area however as at this level we have a key major level of resistance. We expect that this is where the bears will be sat at wanting to push price further down. Fundamentally the USD is the 2nd strongest major currency whereas the AUD is the 3rd weakest major currency so before we even look at any other fundamental data this is already going in our favour. Recently we saw a decrease of 14468 long positions by institutions on the AUD signalling to us that we might want to stay clear from going long on the AUD. Institutions have access to a lot more data then retail traders so if they are staying clear from buying the AUD then there is probably a good reason for this. Knowing this helps out our idea and is another reason on why we are short AUDUSD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
29
Potential Sell in AUD/USD if the resistance level holdsDear traders, AUD/USD has been in an uptrend for the last few days. However, price has not been able to break the resistance level that I have highlighted in my chart. Keep in mind, that we have the FOMC event later in the day which could lead to a lot of volatility in the AUD/USD pair. So, be very cautious with your entry. That being said, if bearish price action forms in the resistance level, traders can consider selling AUD/USD@0.68 with SL above resistance and TP at 0.66.
by YourLazyTrader
5
#AUDUSD- 230+ PIPS CLEAN SELL SETUP❤️Dear Traders, -Hope you had a great weekend, FX:AUDUSD is on bullish trend, price have break out number of structures and retested all buying zone and respected it, now in our analysis. We wanted to make everything clear, price will come to our 'premium selling zone' area; where we want an nice clean move of 230+ pips after which we may see some bullish price movement. -Once price rejected at our area and drops from there, enter a sell entry with 40- 50 pips with a good 'risk management'. as always have a good mindset before you analysis or trade; emotions turns good trades to bad once.
Short
by Setupsfx_
42
AUDUSD to turnaround at resistance?AUDUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6800 (stop at 0.6830) Our profit targets will be 0.6720 and 0.6700 Resistance: 0.6810 / 0.6890 / 0.7010 Support: 0.6725 / 0.6620 / 0.6460 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
AUD/USD Best level to sell + 170 PipsDear traders, AUD/USD is slowly reaching a long-term resistance level on the 8H chart from where price could fall if bearish price action takes place at the resistance level. Based on the above information, traders can consider selling AUD/USD@0.6800 with SL above the resistance zone and TP at 0.6630 . However, keep in mind that you should only sell if price struggles to break the resistance and multiple bearish candlesticks form at the resistance level .
by YourLazyTrader
4
AUD/USD best level to sell + 130 PipsDear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level (previous idea is attached below for reference) based on daily chart analysis. As you can see AUD/USD has dropped close to 20 pips from the double-top resistance level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall further towards 0.66. Traders can sell the rallies in AUD/USD as long as the resistance remains unbroken with SL above resistance and initial TP at 0.6620
Short
by YourLazyTrader
AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today. 🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443 🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by wolfsmt