Audusdsignal
AUDUSD:MA to cap gains?!!AUDUSD
Intraday - We look to Sell at 0.7075 (stop at 0.7135)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 0.7074. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies.
Our profit targets will be 0.6900 and 0.6780
Resistance: 0.7130 / 0.7315 / 0.7500
Support: 0.6970 / 0.6780 / 0.6540
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AUDUSD LONG H4Market Structure: Downtrend
Area of Value: Resistance. Reversal
Entry: Reversal confirmed by RSI divergence
Exit if Right: 2 tranches on possible resistances
Exit if Wrong: below historical support
RRR: 1:2
Confluence: D1 chart respects the support the level, if the bearish pattern/downtrend continues, we will still win on a 1:1 ratio as we are waiting for a rally.
AUDUSD | BEARs READY?AUDUSD has broken the bullish parallel channel and the price is trading in a range for more than 2 weeks now. Is it the distribution at the top?
Yes, it can be a distribution and the price can start falling from here. Mark the sell level and go short below it.
Manage your risk accordingly
AUDUSD and NZDCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.