A double top on AUD/USD right on the 61.80% fibonacci based on the swing between 1.0752 and 0.9663 looks like a good opportunity for a short trade.
I jumped in at 1.0275, stop loss at 1.0336, current target is 1.0149.
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A double top on AUD/USD right on the 61.80% fibonacci based on the swing between 1.0752 and 0.9663 looks like a good opportunity for a short trade.
I jumped in at 1.0275, stop loss at 1.0336, current target is 1.0149.
If a M15 close above 1.0300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0100 sell only and do not buy. If price closes back above it again do nothing
The range 1.0300 and 1.0100 is neutral area, any trade done in between is personal decision and not part of this analysis
AUD/USD open @1.0245. If AUD/USD close above 1.0269, then it might go up to 1.0300. If it can't break 1.0269 then AUD/USD might go down to pivot @1.0220.
If a M15 close above 1.0300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0200 sell only and do not buy. If price closes back above it again do nothing
The range 1.0300 and 1.0200 is neutral area, any trade done in between is personal decision and not part of this analysis
the terminal is showing the trading has ended with the pair under the level 1.0300 and that's will make the movement continue in down trend to reach 1.0200 , and then the selling is suggested with a suitable stop loss level and targets equal 50 pips .
If a M15 close above 1.0320 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0200 sell only and do not buy. If price closes back above it again do nothing
The range 1.0320 and 1.0200 is neutral area, any trade done in between is personal decision and not part of this analysis
The momentum of buying will lead the movement to up trend to reach 1.0330 , so the buying is suggested with a appropriate stop loss level and targets equal 30 pips at least
If a M15 close above 1.0300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.0200 sell only and do not buy. If price closes back above it again do nothing
The range 1.0300 and 1.0200 is neutral area, any trade done in between is personal decision and not part of this analysis
It took a day for the order to be activated. Once it was, straight line drop towards to take profit.
Watch out for the support trendline now. Still at 1.0160. Price not closing below it means AUD/USD remains somewhat bullish for now, even if it seems unlikely at this point.
AUD/USD had a rough day on Thursday as it both shot straight up, and then fell apart. The original move was in reaction to the EU announcement of a rate cut, something the market desperately wanted. The initial reaction was short-lived though as the statement was trumped by the news conference that Chairman Draghi gave afterwards.