If you followed me when we sold AUDUSD today i am going to advise to take profits. Its only 100 pips profit but nothing to cry about still a good haul. With the election coming up and today being friday its not a bad idea to take profits here. The other reason is 0.70c for me is a strong zone. You can see it only broke on the second test in the bull run and we are now on the 3rd test as support so its possible that it could hold here at this price point. Take your profits withdraw them and enjoy your weekend with them. Have a good one all 
Last friday when i looked at AUDUSD i advised to take profits with the 100 pips. Now looking back on the pair today we can see it was a well timed price to take the profits. Look what has happened since. The elections have certainly made this pair move quite a bit. Yesterdays candle range was 160 pips. We have broke back above trend and now looks to be bullish price action. Good decision to take profits when i did. ill be looking to buy with a break and retest above the 0.73c zone. GLIYF
I believe the Aussie downtrend is not over yet at least from fundamental view. Rate differential, since RBA cut rate this week, suggested that AUD/USD, AUD/CAD and AUD/NZD still offer better yields to long term accounts.
Believe it’s gonna stay this way
Today im back looking at AUDUSD and glad to report the TP zone has been hit. Its been a few weeks since i last gave my trade idea out on this pair so hopefully you marked it up as i did then. I was waiting for a break and retest of 0.73c and that’s exactly what we got. AUDUSD is a slow pip moving pair but it does act to fundamentals and technical analysis well. Currently 150 ish pips in profit. So you can take profit here. I will be looking for it to break above this strong resistance zone where price is now for the same type of movement again. GLIYF
Back on AUDUSD today folks. Last time we looked at this pair we was almost at TP point in the resistance zone but it has smashed through. Hopefully you had a TP set if not take your profits. Im looking at another very similar setup with the re test of the zone we broker. Very simple trades to take on this pair, we have had many positive trades in recent times. Remember wait for it to test the support level then get the buy in on any rejection. GLIYF
Last day of the trading week and AUDUSD has been very good to us again. There was a second buy entry on the retest of the break of last TP zone, We got the rejection but it didn’t quite come all the way back to the desired entry. But still very easy trade to take when monitoring lower timeframes. If you kept hold of your original entry then it was an easy 300 pips. Have a good weekend all, next week will be limited trades due to the xmas period so will be monitoring exisiting positions we are already in GLIYF
Looking in on AUDUSD again today. What a pair it has been for us this year since the covid crash. I’ve always said AUD will recover the quickest with its link to the Chinese economy. We have had many buy’s hit TP this year and recently its been the same. Last trade smashed through TP and now im looking for a similar setup again. Staircase trend of break and retests. Simple stuff to take.
Wait for the Re-Test, let it find support and jump in on the buy. Zones marked out are weekly level’s of S+R o good area’s to aim for. Happy new year to all and GLIYF
Todays chart is back onto AUDUSD . Couldn’t of been any easier to take this trade as from my last post. Very simple break and re-test like other recent trades with this pair. Very minimal drawdown if any. AUDUSD has been very easy to take trades on this past year, i hope many of you catch them also. The current trend is sharp , so i would like to see it visit back to trend and hold for extra confirmation for more longs. Nice R:R of 1:5 here for 200+ pips. GLIYF
Its been a few weeks since i have updated on AUDUSD . Last time i gave out the setup price has tested it multiple times as we can see its a strong support zone . But price hasn’t really gone anywhere since. We can see this flag forming so ill be looking for it to breakout and retest for the push to TP zone. Its been good to us last year taking many pips off this pair. I would leave Sl as it is on this setup as it may need to revisit entry zone for support. this is where your risk management comes into play. GLIYF
Its been a while since we have had a SL hit. But todays check up is AUDUSD and my SL was hit. But that’s ok we cant win them all. Price has dropped through the support shelf i bought from and the little formed flag. We closed below and todays candle is showing bearish price action. For me there is still one zone left where price could reverse from to continue the bull move we have seen since last year. That’s the EMA below and with the confluence of the trend line . But if price drops through then i would look again to sell the break and retest. I did hear from one of my old learning mentors that they are preparing for short term sells on AUDUSD due to COT reports. So this could be coming to fruition. GLIYF
We had many successful trades on AUDUSD in recent times, but last time out we hit SL, price came crashing through the wedge and bounced right off the EMA’s im the circled area. Im looking at AU again and i would like price to come back to the support area for a bounce north. Ideally at the trend line in my circled area for more confluence. Hopefulyl we can get this position going, look for the pullback and get ready to enter as it might happen before it gets to the trend line . 1:5 on offer here virtually. GLIYF
It’s been a while since I we have had a look on AUDUSD . this pair is coming to a point of interest. We have been very bullish of late and had many good positions. For the next one im looking for the buy again. Above price is a weekly zone of supply. We could see a downturn in price from around here. We may even see a break in the trend line , but i think it will only be short term. I think we could pick up the daily or the weekly demand zone below before the next push upwards. It might take a week or so for this setup to come to us but should be worth the wait for a good return. Let me know what you think? GLIYF
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There are different forex trading strategies that suit different forex trading styles. You have to find the one for you. Do your learning and determine your trading goals. When you know where you want to reach ultimately, your trading journey will get easier and better.
Good evening all, new week begins soon. I’m looking at buying AUDUSD . Will see what price action does on market open and Monday. But we have what looks to of broken trend line on the daily. But it could be a bit of trickery, price visited the demand zone and rejected instantly. Shows a lot of buyers still in this pair. I would like to see it visit again before the next push up, or even the demand zone below, it may trick others into selling breaking the trend and take price back up the weekly supply zone above. Wait for support to form before entering. GLIYF
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Good morning all, looked at AUDUSD a few days ago and was looking for the buy at this demand area. We got a big rejection on the first touch then the nest daily candle came short. But yesterday we saw price come to touch it again which is when I entered. It certainly seems to be a strong demand area. They could of tricked buyers into the market buy breaking through trend but then collected liquidity at demand and now take price back up again. We have a supply zone created just above which would be at the right shoulder of a H+S that would need to be broken to reach TP of the monthly supply above. So two TP zones to look out for or to secure profits along the way. GLIYF
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Good afternoon all. Checking on our AUDUSD trade today. Nice to see TP1 has been achieved for 200 pips profit. As there is 2 TP projection targets for this trade setup then close half position if you haven’t already and let the rest run to the potential supply zone hit above at TP2. For the continuation id like price to break above the current supply zone we just broke, and find demand for the last push. GLIYF
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Got my buy orders lined up in the supply zone
Good evening all. New trading week begins soon, looking at AUDUSD today. This is the weekly chart, can see things alot clearer here. Price had a good strong bull run. then we fell through the trend line . But we find ourselves at a nice demand area. I think we may see another bull push, they might trap some sellers with the break of trend then push further north. Would like to see price break above supply and test for further movement upside. Either from this current demand zone which has already been tested. Or from the one below, watch for the signs on the lower timeframes then enter the buy. Will update when i see some directional movement . GLIYF
Good morning, checking back in on AUDUSD . Last time out i gave the setup of buying from this demand zone . I showed why it was relevant on the weekly TF. Currently up 130 pips on this position so far. We have a 1:3 R:R ratio up to the supply zone above. It’s a pretty long standing supply zone to break where TP is, so that will determine the next trade. If price fails to break above then we could see a sell off from there. If we break above then we will look to buy from the retest of that break. GLIYF
