AUDUSD Swing long

Leebax

Active Trader
Aug 16, 2019
41
12
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35
Looking at a fresh pair today AUDUSD. The daily chart shows that a new Bull is in motion. AUD has been in a bad economic state fora while but things seems to have stabalised. They cut rates to improve the economy so they can only go up from here. especially with the china trade deal with the US, it affects this pair alot also. We can see on the chart price closed above the long term downtrend. i will be looking for a dip back towards support zone to go long on this pair. Good risk to reward available once it comes back down to demand.

upload_2019-10-31_8-52-19.png
 

SteveF

Active Trader
Oct 17, 2019
89
7
39
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AUDUSD,Daily.jpg

Hi, I agree with your analysis, must wait for pullback to support - huge trend line and Daily 200 moving average closely above now provide resistance.
 

Leebax

Active Trader
Aug 16, 2019
41
12
39
35
Yes we are on the same page. im waiting for a pullback in price before i enter fresh swing longs on this pair
 

Leebax

Active Trader
Aug 16, 2019
41
12
39
35
Looked at AUDUSD end of last week. Price has come down where i wanted it too. we had the push up out of trend and now we have had the pullback to retest the break of trend and support level. If this level of support holds then its looking good for another bull move north. Personally im in this pair already with a small ish stop giving me a good R:R. As always risk management is vital in forex no need to be greedy its all about the % returns. 1% risk can give you a good % return still
 

Leebax

Active Trader
Aug 16, 2019
41
12
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Yes caught the spike but im still in. i believe its just waiting for the moving averages catch up to price for the next push up. Will be good time for entries soon again upload_2019-11-6_8-57-2.png
 

SteveF

Active Trader
Oct 17, 2019
89
7
39
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AUDUSD,Daily.jpg

Here's my trend following chart....buy is still valid idea! I'm not sure when I will yet......5 days of sideways action so far
 

Leebax

Active Trader
Aug 16, 2019
41
12
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35
Been away for a week but im back now and looking at AUDUSD. Price looks to be in a very interesting zone of support. Looks like the prefect break and retest to me. Theres multiple levels of support around here that can help for the next bull push on AU. Also a good chance of R:R around here. You could also wait for the push above supply for extra confirmation. Remember as always risk management is key in forex, and not to be greedy
:)upload_2019-11-12_9-18-10.png
 

Leebax

Active Trader
Aug 16, 2019
41
12
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Midweek has passed and were near to the end of the week. Looking back at AUDUSD. I was long on this pair at the retest of the broken trend but i got stopped out. But thats OK. We cant win every trade. It just nw means we can buy in again at a cheaper price lower down. AUD has taken a beating over the last week or so. So i will be looking for demand collection at one of these zones. If price gets down to the bottom then that would be great for buying cheaply. good possible swing trade is presenting itself



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SteveF

Active Trader
Oct 17, 2019
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2019-11-19 23_01_36-AUDUSD,H4.png

looks like the 6808 level is key now.....we broke over it and we are sideways waiting for a move .....I'm favoring bullish so I will hopefully get in on a breakout and retest (there was a small breakout today on H4 chart..maybe this is the retest of 6808?
 

Leebax

Active Trader
Aug 16, 2019
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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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Scott Hugh

Trader
Nov 26, 2019
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1
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I will be watching this all week to see what it decides to do. I've got a couple of positions open in profit but may close one and look to re enter during pullbacks. Keep your eyes on it chaps
 
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Leebax

Active Trader
Aug 16, 2019
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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


78533931_10162901588670314_4432312486040961024_o.jpg
 

georgequayle

Trader
Feb 16, 2019
86
2
19
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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


View attachment 14857
I think i'll follow your plan