AUD/USD - My Day is SavedOANDA:AUDUSD
After a big "nothing" during the previous London/NY sessions, waited until Aussie and Asian session settled-in and finally a trigger for an entry.
Set hard 10pip TP since not my normal trading hours.
Market shorted.
TP hit, now I am satisfied and my day is saved.
Trade well
AU
LONDON: AUD/USD BREAK & RETEST - MOMENTUMDXY is still showing weakness across the board and while we trended all ASIA and may get a pullback if they go after stop losses, we must remain disciplined and trade in line with the market. In this case, AU has broken above 4h range and in our trading timeframe has shown us our classic playbook setup "B&R" using momentum for confirmation entry. Lets see if market can push a little more to help us reach at least 1:2RR
Potential Swing Position is active on AUDUSDAs we can see we wanted to buy this pair since last week or even more, so we finally had a good setup and confirmations on LTF
Trying to swing it to that 4h wick refined on 15m as a red zone
ALSO THIS IS HEAVILY COUNTER TREND, so we might be stopped out if there's momentum or news
1m entry
AUDJPY - Potential Buy ? Breakout of Bear Trend AUDJPY - Potential Buy ? Breakout of Bear Trend ? Discuss in the comments!
National AU Bank Business Confidence News Release - 00:30 - 24/01
High Impact - Likely to cause a short volatile breakout so be careful
Waiting to see the trend breakout was false and we continue the walk with the bears or whether it retests off the trend line acting as support and a potential pivot into the bull trend or at least the next S&R Zone.
AUDUSD 4hour Analysis January 22nd, 2023AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions.
Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter long on.
Trade scenario 2: For us to consider AU bearish we need to see price action fall below 0.68600 with structure formation below.
GOLD ⚔️ SILVER🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
AUDUSD 4hour Analysis January 1st, 2023AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses.
If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed higher lows to enter on.
Trade scenario 2: If we are to see AU as more bearish we need to see a break back below 0.67000 support with strong bearish confirmations.
Bitcoin vs GoldPlease 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the:
*price is going up, it means BTC is stronger than XAU
*price is going down, it means BTC is weaker than XAU
After strong initial impulse down the pair has been consolidating for almost 5 months and formed this triangle📐. Now the price is breaking down out of this triangle and if it really breaks, I think there is chance for drop to 7.5. TARGET being height of the triangle projected from midpoint of the local range (pink). So this call is predicting that Bitcoin will lose -30% against the Gold .
As you know recently it was a total carnage for crypto market because of the FTX fail. Actually I predicted this FTT extreme drop 2 months ago in the idea down below:
The current situation between Binance and FTX being also a reason why I think the investors will move the funds from crypto to precious metals - safe haven. Let me know your thoughts!
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
AUDUSD 4hour Analysis December 18th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short.
Look for price action to consolidate and establish a larger presence below 0.67000, when we can spot clear bearish conviction we can then consider trades.
Trade scenario 2: For us to consider AU bullish again we need to see price action push above 0.67000 with structure and bullish conviction.
AUDUSD 4hour Analysis December 11th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish again here on AUDUSD as this large wedge pattern continues to form.
Technically this chart is in an active trade but we will keep looking for rejection from our 0.67000 support zone for further long entries.
If we see a retest of 0.67000 with strong rejection and bullish variations we can comfortably retarget higher toward 0.68500.
Trade scenario 2: If AU is to be considered bearish we would need to see a break below 0.67000 with structure in the form of a lower high below.
AUDUSD 4hour Analysis December 4th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high.
Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher resistance levels.
Trade scenario 2: For us to see AU as more bearish we would need a break back below 0.67000 with some convincing lower highs below.
Look to target lower toward 0.65500 if this happens.
AUThis was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons that our forecast was inline with the market. Still a good way to sharpen skills when waiting for your watchlist to give your setups, it also stops you from seeing things on your watchlist that don't exist.