AUD/USD

Hi Traders

AUD/USD Multi-Timeframe analysis

H1 CHART

A very low probability, entry signal to go LONG was given at 0.77726 after the market completed a bear trap reversal pattern. Only the downward break of 0.77215 would cancel the bullish scenario.

Support & Resistances
0.77578 0.77737
0.77234 0.77868
0.77058 0.78044

H4 CHART

A low probability, entry signal to go LONG was given at 0.77726 after the market found support at 0.77215 . Only the downward break of 0.77215 would cancel the bullish scenario.

Support & Resistances
0.77552 0.77708
0.77119 0.78044
0.75630 0.78522

DAILY CHART

The market is approaching the resistance at 0.78193 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.79418 level.

Support & Resistances
0.77879 0.78193
0.76654 0.79418
0.75630 0.80442

WEEKLY CHART

Waiting for a retracement lower towards the 0.74128 support level , in order to reinstate LONG positions. Next important support is the 0.69903 level.

Support & Resistances
0.74128 0.78193
0.69903 0.80846
0.55060 0.87733

FOLLOW ALONG HERE: https://www.tradingview.com/chart/AU...rame-analysis/

aud / usd.
currently, short-0.77748.
scalp.m15.
we'll see what happens.

AUDUSD M15
Tracking the correction wave 2 to completion, before setting up for shorts where it resumes trend on the 3rd wave down.

closed. 0,77670.

buy. 0.77667.

closed. 0,77850

Ugh. I closed long at 7780 and switched to short, playing the ranges.
but here we go... a solid climb up to 7816 (as of now) with barely any resistance?
I expected 7800-7820 to be defended quite aggressively at least.
Still can’t find any reason for early UK session usd strength (it started before London opened actually).

any opinion? Should I cut losses and wait for a better short entry.

so I’ve gone short again at 7838 in an attempt to recoup some losses from my earlier short. Aud generally makes a correction and I feel the move should be about done for the day.... or so, I felt... but it’s still hovering at the top
don’t like catching falling knives but I feel the buying pressure today is worth fading since nothing has changed on the USD / AUD economic front.

#AUDUSD / H4

Let's see if AUD/USD holds above 79 cents otherwise a nice short

cool

It has a MACD divergence on Daily too.