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-   -   AUD/USD (https://www.forexfactory.com/showthread.php?t=95260)

MrPresident Oct 17, 2019 8:44pm | Post# 105561

China GDP data coming up today and I think that AUD will react possibly down if the numbers are weak

there could be some buying of AUD prior to the news so that sellers can get a nice setup

Goles Oct 17, 2019 9:10pm | Post# 105562

i am extremely bullish on audusd. not only the unemployment data for aud turned out to be surprisingly good, but also everything is prepared for a bullish rally for aud against usd. a trade deal has decreased the risk for asian markets, all the recent data from asian and european markets have turned out good while that of us was poor. and the last but not the least, the audusd has bottomed out and now is the time for at least a medium term correction in the prices. this can be seen from the technical point of view where a reverse head and shoulder...

The Aussie raised quite fast as anticipated. today's GDP data on china's economy is important for Aussie. however, whatever the result be, I don't think it would stop AUDUSD to reach the previous high around .6890. the aggregate of situations and market conditions, from Brexit good news and Australia's unemployment rate improvements to poor US economic data is well enough for the USD to take at least a moderate correction in the short run. I have put my TPs before that level one at .6875 and .6883 to increase the chances of taking my profits in the first attempt towards the resistance at .6893.

Unbiased Oct 18, 2019 5:42am | Post# 105563

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AUD/USD short trade | Oct 17, 2019 After 3 drive, at least 30% downward retracement is more likely to take place. Upcoming event of RBA's Lowe may cause many traders and fund managers to close buy positions to book profit, which may help downward retracement. {image} Sell stop right blow low of H1 candle marked with. Target 30% of whole 3 drive, that is 0.6785 (Ī 3.0 pips). Setup fails if any H1 candle closes above latest high. {image}
Change in sell stop | October 18, 2019: recent movement is sluggish, I will short below red (small trend line). TP 2.0 pips above 30% of 3 drive.
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Goles Oct 18, 2019 6:10am | Post# 105564

{quote} The Aussie raised quite fast as anticipated. today's GDP data on china's economy is important for Aussie. however, whatever the result be, I don't think it would stop AUDUSD to reach the previous high around .6890. the aggregate of situations and market conditions, from Brexit good news and Australia's unemployment rate improvements to poor US economic data is well enough for the USD to take at least a moderate correction in the short run. I have put my TPs before that level one at .6875 and .6883 to increase the chances of taking my profits...
I closed my long positions on audusd with a good profit at .6837 just to avoid the brexit risk during the weekend. Although i am still strongly bullish on the pair. Will consider again after the market open on monday.

Spirit4eva Oct 18, 2019 7:30am | Post# 105565

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My current stand on AU...........short close all my positions in few hours time i guess
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Oc6oph Oct 18, 2019 8:08am | Post# 105566

{quote} I closed my long positions on audusd with a good profit at .6837 just to avoid the brexit risk during the weekend. Although i am still strongly bullish on the pair. Will consider again after the market open on monday.
I agree with you where Iím hoping to get in this again as well but my guess is itís going to break 6900 soon

JackJones Oct 19, 2019 2:14am | Post# 105567

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think it will try find a range next week and then another push either way

Beyfor Oct 19, 2019 6:52pm | Post# 105568

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Unbiased Oct 20, 2019 6:33pm | Post# 105569

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{quote} Change in sell stop | October 18, 2019: recent movement is sluggish, I will short below red (small trend line). TP 2.0 pips above 30% of 3 drive. {image}
Finally, sold
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holypips Oct 20, 2019 9:40pm | Post# 105570

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May be we have a wolfe wave on A/U H4 timeframe. Switch to H1 chart, wait for a breakout to SELL it.
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Oc6oph Oct 20, 2019 10:06pm | Post# 105571

May be we have a wolfe wave on A/U H4 timeframe. Switch to H1 chart, wait for a breakout to SELL it. {image} {image}
What price you aiming for

Ayax.TSS Oct 21, 2019 12:13am | Post# 105572

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#AUDUSD / H4 Click to Enlarge

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appletrader Oct 21, 2019 9:16am | Post# 105573

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If you like trading the trend then this AUDUSD has an ETP-2 pattern. Otherwise if it breaks past resistance you know we're probably going a lot higher! Just want to get up there before sonar shows us rolling over and pointing down.
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HighFivve Oct 21, 2019 9:39am | Post# 105574

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Short
10:22 est added to short
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Unbiased Oct 21, 2019 11:35am | Post# 105575

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Scalp sell in AUD/USD (retry)

Last attempt of downward retracement in AUD/USD failed in Tokyo session but AUD is supposed to retrace a little, so I am retrying a scalp sell trade.

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asgcorp Oct 22, 2019 3:48am | Post# 105576

topped out for now. cover your longs here.

holypips Oct 22, 2019 4:03am | Post# 105577

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Waiting for a big wave 5 down.
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JackJones Oct 22, 2019 7:45am | Post# 105578

ill buy 6830 - too the moon!

asgcorp Oct 22, 2019 7:48am | Post# 105579

topped out for now. cover your longs here.
lol. hope you guys got out before the slump.

JackJones Oct 22, 2019 7:53am | Post# 105580

{quote} lol. hope you guys got out before the slump.
watch for the spike up to scare the weak ones.


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