AUDUSD Swing long

[louise.kepinska]

Good morning traders. Were back looking at AUDUSD today, news has just been released from the bank and it goes along with the recent bullish momentum. On the daily we broke above moving averages and closed above which was a good sign. i am already long in this position but here is a couple of possible outcomes i see over the next few days. If you do decide to go long then waiting for pullbacks to support shelfs is a good idea as you can get smaller stop losses and a good R:R. Remember to always use risk management and stay safe out there


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I'm going to have to follow your posts on here from now on - I love how you combine Fundamental, Sentimental and Technical analysis - makes me feel really safe trading on your info.

 

[ScottHughes]

hoping it drops further before boosting to meet the 200MA its created a large wicked candle today but no new lows. long swing still looking good. awaiting entry

 

[DT77]

Slight profit already if you bought......

 

[sebking1986]

Going to see how this pans out on demo as I'm curious about the mechanics. Lovely explanations though guys and help me to feel I really understand what looks to be happening and consolidating on the learning I've been doing

 

[walpants]

thanks for this thread, im still learning so good to see analysis from those that are experienced, gonna follow along

 

[Mike Shor]

I'm long here as well. Risk management is key.

 

[Leebax]

Looking at AUDUSD today. looks to be in an interesting position. The bulls are fighting and we look to of found a nice support area. Now that we have momentum above the moving averages i would expect another push up to the supply zone above. Knowing USD it doesnt give up without a good fight. So i would expect another push back down from there to maybe get a double helping of demand with the trend line before we finally get a big bull push north. There could be some easy range trades here before lift off. Buy low and sell high.

 

[DT77]

Another good shout, shot up today.....

 

[Leebax]

Election day today for GBP traders. So im staying away from any eur or gbp pairs, as it will just be a gamble. Were looking back at AUDUSD which we analyzed on monday the 10th i have included the chart from then for reference. I was signalling the long from the support and since then we have moved up in price over 80 pips. Broke above the small resistance level and currently sitting above. Looks like a new bull has been born. But we must always be careful with usd as one news event can cause some bearish action. Its possible we could see a double top around here for a small push back to support before the next move upwards. Defo one to watch, buy the pullbacks for better dollar average. Stay safe today traders

 

[DT77]

Looks like AUDUSD will end the year on the up as predicted.....

 

[Leebax]

Lets get back analysing the pairs shall we. Today is AUDUSD. BIG BULL has shown itself over the last month or two. Its very clear to see now that we should be buying on any dips in price we get like ive been saying all along. There has been a few easy trading ranges that you could of bought in, and there still is. The next pullback we have i will be re entering fresh longs. I think aud and nzd should gain some ground back in 2020. Good luck traders

 

[pezza55]

Yes still going down. We broke out of the long down trend and it seemed to come back for the re-test/kiss goodbye. But were still down here. i think it could possibly drop lower another 30 pips or so to the level of demand below before we see another push upwards. AUD in a tricky spot as an economy it seems they are waiting on the trade war talks, unless they release some really good news
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Just looking across the chart do you think the trend line could be moved to the higher peeks meaning it is still trading in range?

 

[walpants]

thanks for this, will be keeping an eye on it looking for an entry

 

[walpants]

AUDUSD looks good now

 

[Leebax]

Today were looking at AUDUSD. Price has been a new BULL for a while now since NOV last year. Currently its trading within this bullish channel. Currently i think its in a good spot. We have the horizontal support of 0.692 and also the diagonal support of the bullish channel trend. Couple of good conformations, so now just wait for a bit of bullish price action and it should be good for a long trade with good risk to reward using a small Stop loss. Wait for the sign of exhaustion before entering. risk management as always traders

 

[K_Robdog]

Keeping my eye out for the bounce, then will jump on board for the bull run. Nice one!

 

[Hong Kong Phooey]

Today were looking at AUDUSD. Price has been a new BULL for a while now since NOV last year. Currently its trading within this bullish channel. Currently i think its in a good spot. We have the horizontal support of 0.692 and also the diagonal support of the bullish channel trend. Couple of good conformations, so now just wait for a bit of bullish price action and it should be good for a long trade with good risk to reward using a small Stop loss. Wait for the sign of exhaustion before entering. risk management as always traders
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Nice! Well I'm buying in. Looks like even with the country on fire USD still the bigger risks in the markets with Iran situation and China/US trade war

 

[James_Burt]

This has taken a bit of a move downwards recently, going to wait for the right entry point.

 

[REB_FX]

Had a long bias on AUDUSD at the start of the week, and fell through big time!

Expecting some pull back and then continue short.

 

[pezza55]

Channel broken on the lower, so could see a break down, waiting for confirmations or could pull back up to enter back in to channel just got to watch for a little longer!