Get started

AU

AUDUSD 4hour Analysis June 6th, 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are bullish on higher timeframes but the 4hour has been stuck in a range for weeks. More recently we’ve been seeing price action hint at breaking lower but nothing has been confirmed yet. Ideally we want to see a lower high below 0.77150, at the very least. Look to target lower toward our 0.76000. Trade scenario 2: If price action fails to break the range look for our resistance near 0.78000 to be tested. It’s very likely this will happen if we don’t break here.
Short
by ForexLeague
1
AUDUSD 4hour Analysis May 30th, 2021AUDUSD Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: The higher timeframes are mainly bullish but 4hour price action looks to be breaking the support of the range. To confirm this we need to see a lower high below resistance at 0.77150. Look to target lower toward support near our weekly (0.76000). Trade scenario 2: For us to consider AU bullish, we would need to see price action push back into the range with a confirmed higher low. If this happens look for price action to fill the range, target higher toward the top.
Short
by ForexLeague
AUDUSD 4hour Analysis May 16th, 2021AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are pretty bullish on AU and are looking to continue with that trend. Ideally, we want to see a break and retest of resistance at 0.78000. Look to enter long on a confirmed higher low with strong bullish setups. Target higher toward prior highs and major resistance levels. Trade scenario 2: For now price action is in a range and could continue this way for further weeks. Look to play the range if you see lower timeframe opportunities. Otherwise, for us to consider AU full bearish we need to see a transition of support of the range.
Long
by ForexLeague
AUDUSD 4hour Analysis May 9th, 2021AUDUSD Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are very bullish on AU and we recently saw a major break of resistance at 0.78000. Now we want to see this break confirmed. Look for a pullback and higher low at 0.78000 & our 38.2% fib level. Look to enter long on strong bullish confirmations and target higher toward our negative fib levels. Trade scenario 2: For us to consider AU bearish we need to see a break back below 0.78000. Enter short on a confirmed lower high below. Look to target lower toward the bottom of the range.
Long
by ForexLeague
1
AUDUSD 4hour Analysis May, 2nd, 2021AUDUSD Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are bullish on all significant timeframes but we can clearly see price action is stuck within a wide range between 0.78000 & 0.77150. Currently we are at support and are expecting some bullish volume to push price action back toward the top of the range. You can play the range or wait for a break of the range. The most conservative entry would be on a confirmed higher low above 0.78000. Trade scenario 2: For us to consider AU bearish we really need to see a lower high below 0.77150. The best entry would be on a lower high below 0.77150 with fib confluence. Target lower toward major support levels.
by ForexLeague
AUDUSD 4hour Analysis April, 25th, 2021AUDUSD Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are bullish but we are seeing a bit of consolidation occur above support at 0.77000. If we are to continue with the bullish trend we will be looking for strong bullish reversal signals off this support level. Look to target higher toward key resistance. Once 0.78000 is hit, re-analyze and wait for a break and bounce. Trade scenario 2: For us to consider AU bearish we need to first see a break and retest of 0.76850 with a confirmed lower high below. Look to enter short on strong bearish confirmations and target lower toward support around .76000
Long
by ForexLeague
AUDUSD 4hour Analysis April, 11th, 2021AUDUSD Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: The higher weekly timeframe is bullish but the daily and lower is very bearish. The support level price action is currently at (0.76000) will be the deciding zone for the weekly trend. Ideally, we want to see a break of support and continuation of this bearish trend. Look to enter short after a confirmed lower high below 0.76000 and target lower toward the -27% fib level. Trade scenario 2: For us to consider AU bullish again we need to see a break of 0.76800 with a higher low above. You could catch a lower timeframe long opportunity and play the range if price action reverses at the current level.
Short
by ForexLeague
AUDUSDMy bias for this pair is to buy. Currently it is creating an inverted head and shoulders, a bullish reversal pattern. Once price breaks through the neckline of the of the pattern I will wait for a retest before buying up to 0.7750, the last place price stopped at and that also lines up with a key area. But before I get into this trade I need the following confluences: EMA Cross Break and retest of the neckline or higher low A bullish candle pattern However, price can do whatever it likes so if it does not break through the neck line it can always go down and break the 0.7600 level and go down to 0.7500, a Key area and a previous resting place for price in the past.
Long
by Rob-ert-Na-than-iel