AUDUSD Bull

[Amina El Mehdi]

Thanks for the setup.

 

[bigbax699]

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

 

[Amina El Mehdi]

Looks like it turned your way today.

 

[bigbax699]

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

 

[ForexWarrior2020]

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
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Ill be looking to see where it goes this week. Im happy following your analysis will be on my shortlist

 

[Amina El Mehdi]

Interesting week ahead. Let`s see.

 

[bigbax699]

Been a while since I updated AUDUSD . The current position has been a relatively slow one compared to the previous trades we had in the bull run. WE have peaked at 200 pips on this positions but currently sit at 150 pips profit. I do still think we will reach TP projection zone as we broke and closed and now trading above the moving average. Still overall bullish trend but I do see the strength slowing down. Keep holding if you did take it we may see some more quicker movement with the month end coming soon. GLIYF

 

[Amina El Mehdi]

All is bullish here.

 

[perryjohn765]

Everything is bearish here. Just falling and falling each day

 

[perryjohn765]

finally a gain in AUDUSD