Bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.92022
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.9246
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9132
Why we like it:
There is a pullback support level.
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AUD (Australian Dollar)
AUDCAD: 1D MA50 just confirmed a sell signal.AUDCAD is neutral on its 1D technical outlook (RSI = 47.833, MACD = 0.001, ADX = 20.919) as the price hit and remains on the 1D MA50. The long term pattern is a Channel Up that 3 weeks ago made the latest HH. The crossing under the 1D MA50 has confirmed the new bearish wave as the July 23rd January 5th 2024 crossings did. The 1D RSI is also on an identical correction. All pullback waves hit atleast the 0.618 Fibonacci level, which yet again is what you should be targeting (TP = 0.905500).
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AUDCAD still optimistic in price levelAUDCAD daily time frame shows an optimistic outlook for this pair with potential bullish continuation. Today candle is crucial and this confirmation shows a nice rejection from 0.9172 price level. First bullish movement testing 0.9290 supports this move as we see bullish strength building up. Good risk and reward opportunity
Potential bullish rise off major overlap support?AUD/CAD has reacted off the pivot which has been identified as an overlap support and could rise to the 38.2% Fibonacci resistance.
Pivot: 0.91639
1st Support: 0.91318
1st Resistance: 0.92061
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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AUDJPY - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB.
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AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢 Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
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Bearish Break
0.91650
reasons
- Major Turn level
- Visible Range Lvn
- Fixed Hvn
- Trend / Pattern Break
- Low's ./ D + w Break
Bullish Reversal
0.90500 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Week low Area / P
- Pattern Target
- Fibo Golden
How many times have you visited us? - GBP/AUDAs you can see, we are testing a fairly famous reversal zone.
What would you do in a scenario like this?
It is interesting when the market is very symmetrical; my advice is to follow it in a shorter time frame (to catch some good entries)!!
If you liked it, don't forget to leave your like and follow me!!
AUDCHF Set To Grow! BUY!
My dear subscribers,
My technical analysis for AUDCHF is below:
The price is coiling around a solid key level - 0.5752
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5778
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURAUD Massive Long! BUY!
My dear friends,
EURAUD looks like it will make a good move, and here are the details:
The market is trading on 1.6171 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.6216
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPAUD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9419
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9485
Recommended Stop Loss - 1.9373
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDCHF Trade Idea👀👉 The AUDCHF is currently facing downward pressure. I am monitoring the situation for a potential break of the existing lows, followed by a retest and failure, which could present an opportunity for a short entry. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice.
EURAUD - 4hrs ( Buy Trade Target Range 100 : 200 PIP ) 🟢 Pair Name : EUR/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Long ) Break Out Done
Type : Mid Term Swing
———————————
Bullish Reversal
1.62000 Area
Reasons
- Major Turn level
- Visible range Lvn
- Patter Reversal
- Fibo Golden
- Quarter low
Profit Gains
1.63000 Area
Profit Gains
1.65500
EUR/AUD H1 | Swing-high resistance at 61.8% Fibo retracementEUR/AUD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.6216 which is a swing-high resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.6275 which is a level that sits above the 61.8% Fibonacci retracement level and a multi-swing-high resistance.
Take profit is at 1.6145 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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AUD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/JPY is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 96.684 level.
✅LIKE AND COMMENT MY IDEAS✅
AUDCAD Short Trade SetupA short trade opportunity recently presented itself on the aussie-loonie trading chart.
This is occasioned by the bearish order block which acts as a resistance zone preventing any further upward price movement, the bearish engulfing candlestick pattern just inside the bearish order block and the fair value gaps in the uptrend prior to the price reversal.
The upward FVGs create a price imbalance which price will try to compensate for by moving downwards. These three confluences indicate the likelihood of a downward price movement.
With an entry price of 0.92390 or thereabouts, a stop order at 0.94059 (just above the most recent swing high indicated by the pivot point at 0.93772) and a profit target (0.88618) close to the level of one of the lowest most recent swing lows (just above the bullish order block which acts as a support zone to prevent any further downward price movement), we could potentially be looking at a 2.26 RR ratio or higher.
That's 166.9 PIPS risk (SL) and 377.2 PIPS target (TP).
Alternatively, you could decide not to set any TP and just trail your stops to make the most out of the market.
As always, please apply appropriate risk management depending upon your trading account balance, your risk appetite and other important factors.
EURAUD Will Explode! BUY!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6192 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.6240
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPAUD Moving to 1.91958-Great Trade, Great ROHi Trading Family,
Here’s an exciting opportunity: GBPAUD is showing bearish momentum, and the target is set at 1.91958. This could be a great ROI trade for those positioned right. Keep your stop above the recent high to minimize risk and let the trade ride.
Hope this helps!
Mindbloome Trading
Trade What You See
GBPAUD - 4hrs ( Sell Trade Target Range 180 PIP ) 🟢 Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
———————————
Bearish Break
1.93900 area
Reasons
- Major Turn level / D
- Visible Range HVN
- Channel break
- Choch Zone
- Day low Break
Bullish Reversal
1.92000 Area
Reasons
- Major Turn level / W
- Visible Range Lvn
- Pattern Target
- Fibo Cluseter
- Choch Zone
Will Euraud seek bearish momentum ?Hello ligand traders ! I hope you are doing good. Today I will talk about the possible EURAUD trade.
As you can see , EURAUD is making complex movements . But overall the trend is very bearish according to my bias . Here this market broke recent low around 1.62000 and retested the higher highs which is a classic bearish outlook .
Moreover you can see that it created double top formation in the upper side of the border . This point is 1.62669. So ligand thinks that EURAUD will soon move down to its local channel .
The target of our EURAUD is 1.60283 level which is marked in this chart . Trade carefully and stay with ligand .
AUDJPY - 4hrs ( Buy Trade Target Range 220 PIP ) 🟢 Pair Name : AUD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Long ) Break Out Done
Type : Mid Term Swing
———————————
Bullish Break
100.800 Area
Reasons
- Major Turn level / D
- Visible Range Hvn
- Pattern Break
- inner Choch Zone
- Fixed Range Value
Bearish Reversal
102.600 Area
reasons
- Major Turn level / D
- Pattern Target
- Visible Range Lvn
- Fixed Range Poc
- Quarter's Area
- Choch / D