Tag Archives: AUDUSD

$AUDUSD hits key level of resistance; closed position with 255 pips profit; chart review #forex

The AUDUSD position has now been closed with 255 pips profit, by the alert based trade that was set up on timetotrade, to sell when the price hit the resistance trend line as discussed in the original AUDUSD trade strategy … Continue reading

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$AUDUSD continues its upward move; now overbought; next chart target 1.0700

The AUDUSD has made a big move to the upside over the last 12 hours and is now at the next point of weekly resistance and very overbought: It would be reasonable to expect some consolidation and profit taking at … Continue reading

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$AUDUSD #forex rate cut fear versus bullish China numbers

The AUDUSD pulled back to test support today after lower than expected Australian CPI figures fuelled fears of Interest Rate cuts. The weekly support trend line held and is now being helped by bullish news coming out of China. It … Continue reading

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$AUDUSD #forex trading strategy

The AUDUSD has been in a well defined upward trend for a number of years now. It is currently making a bullish move and looks set to continue until it hits the next level of resistance at approximately 1.0700: The … Continue reading

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Moving Average, Stochastic, Bollinger Band automated trading strategy $AUDUSD #forex

The successful trading strategies that I use, have three common components: Trend Strength Trade Range The Trend component is used to determine if a long buy or short sell strategy should be used e.g. if the moving average or trend … Continue reading

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Trend line trade set up on the $AUDUSD #forex

The following video discusses a trend line trade set up on the AUDUSD:

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Don’t bet against the trend: 59 pip loss on $AUDUSD #forex

A trade was set up on the AUDUSD, which the objective of making a profit if the AUDUSD broke out of its upward trend as discussed in a previous post. Alas it was not to be and the trade resulted … Continue reading

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‘Break out’ trade set up on the $AUDUSD

In the following video a ‘break out’ trade has been set up on the AUDUSD. If the AUDUSD breaks the short term support trend line, a sell to open Forex trade will be executed. Ideally the price will then pull … Continue reading

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