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Clive Lambert - FuturesTechs
Clive Lambert of FuturesTechs explains why he is selling AUDUSD. He is looking to sell around 0.79810 to 0.7995 with a 50 tick stop. His targets are 0.7870 and 0.7750.
Short term
/
Sell
Trade view / 11 October 2017 at 7:08 GMT

Further losses expected for AUDUSD

Analyst / PIA First
United Kingdom
Instrument: AUDUSD
Price target: 0.7700
Market price: 0.7783
Background

USD Index 
Intraday (six-hours) – The USD index has hit and stalled at critical support (of 93.00). We are looking for a further move to the downside towards 92.45 (trend support). These corrective formations are notoriously hard to predict and normally in a 3-wave pattern. With this in mind, we look to sell into USD rallies today in most pairs.
USD Index 6
Source: Saxo Bank
AUDUSD 
One pair that has the opportunity to break lower (with a stronger USD) is AUDUSD. 

Monthly – Mixed results for the last 23 months. Two important factors:
1. The move higher has been mixed and volatile, common in corrective sequences.
2. Last month posted a Bearish Outside Bar, often an indication that a top is in place.  
AUDUSD M
Source: Saxo Bank

Weekly – Posted a Bearish Outside Week after levels close to the 127.2% extension level of 0.8102 attracted sellers. We should take note of the reverse trend line support at 0.7695.
AUDUSD W
Source: Saxo Bank

Intraday (six-hours) – Now starting to move lower in a choppy manner so we are looking to be close to the end of the trend. We have a trend line confluence area, from the weekly support and the trend of lower lows, so we do not look for and extension below 0.7695.
AUDUSD 6
Source: Saxo Bank

Intraday (30 minutes) – The moves to the downside are impulsive (aggressive). The moves to the upside are corrective (mixed and volatile). This still offers a downside bias. Although a break of trend line support at 0.7665 is needed to confirm the outlook, with a strong rejection of gains overnight, I am happy to get short. 
AUDUSD 30
 Source: Saxo Bank

Management and risk description

A move 0.7660 and I am lowering stop to entry

Parameters

Entry: short at 0.7783

Stop: 0.7815

Target: 0.7700

Time horizon: short-term (and keep an eye on the USD) 

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
11 October
usxau usxau
Ola Ian! Wishing you a great trading day! ;)
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
Spanish theme today !!! I like it ;-) Have a great one Sabrina
11 October
Cesime Cesime
LOL good morning Ian et al, OLA is portuguese HOLA spanish
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
LOL .. and that's why I holiday in France !
11 October
alki alki
Good morning everyone... a nice day so far! GBPCHF and AUDNZD developing nicely!
11 October
alki alki
(I am short GBPCHF since yesterday and long AUDNZD since earlier today)
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
We have a lot of USD pairs close to exhaustion counts on the one hour chart... that would be 11 GMT. We have MBA mortgage apps and Fed Evan speech ... not normally games changers but we will see
11 October
Andrew Perkins Andrew Perkins
woop woop my AUDUSD short trade is almost completed only taken 4 months to close from the trade runing away from me
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
dipped my toe into EURJPY short
11 October
Anton Bushin Anton Bushin
HI Ian, what do you think about USDCAD?
11 October
Andrew Perkins Andrew Perkins
im over me head with EURJPY if we can get passed 131.80 area were in ££££
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
Hi Anton ... only looking to sell higher rallies now (updated the USDCAD call this morning) ... 1.2575 (chart attached) ... my USD bias turned (this mornings report)
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
both EURCHF and EURJPY posting 4 hour Outside Bars (if we close at these levels in 68 minutes ;-)
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
Andy ... got a limit order at 130.50 (EURJPY)... Looks like a pennant or triangle.. measured move is 130.50... got bespoke support at 130.47
11 October
Andrew Perkins Andrew Perkins
Ta mate
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
we have a big barrier at 1.1862 in EURUSD ... with the one hour chart posting a Evening Doji Star, we may fall short (selling into rallies but no solid signal as yet)
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I prefer the crosses !!
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
EURCHF - Target levels 1.1362 and 1.1260 (second preferably) chart attached
11 October
Andrew Perkins Andrew Perkins
both EURCHF & EURUSD are option traded over the next 4 weeks so im happy to see movement up but not to much , i think the Feds meeting mins will move the market alittle later
11 October
Andrew Perkins Andrew Perkins
very small signal in saxo EURUSD short 1.7850
11 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
bit of a non-event
11 October
Andrew Perkins Andrew Perkins
sideways again , would be nice to see the EURJPY drop
12 October
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
4hr Hammer at 61.8% ... last chance saloon for me
12 October
Andrew Perkins Andrew Perkins
Last chance for me and last chance in EURJPY 6 pips of my SL
12 October
Andrew Perkins Andrew Perkins
almost completed the right leg of the hammer in the USD index 92.50 could we see some action in there today

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