Hello Everyone. I want share my idea about AUDUSD.
In my last idea i detected many false brake outs, after that we still have it. i was longing this pair and still in position.
next week i will try long this pair and here is reason why.
Institutional made lot of brake outs long side but 0.689 LVL was interested for them. From 0.689 point we saw some slow bearish movements, i think they made this brake outs for filter people. I am longing next week this pair because on us dollar index broke weekly support which was strong, last week came for retest that and i think there will be strong sellers than buyers. dollar will continue bearish trend and AUD will rise versus dollar (i have us dollar index analysis which i will link in this idea).
I have 3 scene for this pair price movement.
1 Bullish - price has strong reaction on Fibonacci at levels, brake weak resistance at 0.678, then brake strong 0.689 LVL, price going up and test 0.71 weekly resistance.
2 Bearish - Price is not strong at fibonacci levels coming down and brake strong support at 0.6588.
3 Fake movement - price show us not strong at fibonacci levels coming down, making liquidity swing at 0.6588 support area and then starting bullish trend which test weekly resistance at 0.71.
If i want win this trade i need good risk management and and less risk reward. my stop will be below 0.6588 LVL.
Be patient!!
In my last idea i detected many false brake outs, after that we still have it. i was longing this pair and still in position.
next week i will try long this pair and here is reason why.
Institutional made lot of brake outs long side but 0.689 LVL was interested for them. From 0.689 point we saw some slow bearish movements, i think they made this brake outs for filter people. I am longing next week this pair because on us dollar index broke weekly support which was strong, last week came for retest that and i think there will be strong sellers than buyers. dollar will continue bearish trend and AUD will rise versus dollar (i have us dollar index analysis which i will link in this idea).
I have 3 scene for this pair price movement.
1 Bullish - price has strong reaction on Fibonacci at levels, brake weak resistance at 0.678, then brake strong 0.689 LVL, price going up and test 0.71 weekly resistance.
2 Bearish - Price is not strong at fibonacci levels coming down and brake strong support at 0.6588.
3 Fake movement - price show us not strong at fibonacci levels coming down, making liquidity swing at 0.6588 support area and then starting bullish trend which test weekly resistance at 0.71.
If i want win this trade i need good risk management and and less risk reward. my stop will be below 0.6588 LVL.
Be patient!!
הערה:
It went first bullish price side then it went bearish, if it will continue bearish i will share my new idea about that pair
