GBPAUD Down trend continuationGBPAUD is consistently making lower lows and lower closes on the 1H timeframe, indicating a potential ABC formation. Over the past two weeks, the market has been moving within a defined weekly range, suggesting that the price is currently in a consolidation phase. Additionally, the price has recently broken and closed below the key 1.95000 level and the upward trendline, reinforcing the bearish sentiment. The expectation is for a pullback toward the resistance zone before continuing its downward movement. The target is the support level around 1.93820
AUD (Australian Dollar)
EURAUD: Bullish Continuation & Long Signal
EURAUD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURAUD
Entry Level - 1.6235
Sl - 1.6163
Tp - 1.6381
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD Set To Grow! BUY!
My dear friends,
My technical analysis for AUDNZD is below:
The market is trading on 1.0870 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0906
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPAUD - Look for Continuation Long (SWING) 1:6!Price is currently consolidating and forming a symmetrical triangle on the HTF. The price action indicates a failure to create a new low, respecting the HTF bullish trendline. However, this could change when the US Session opens, with a possible breakout influenced by the PMI USD news.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
AUDJPY - Top In Place! 1500pips Done, 5000pips To Go!In our last analysis we identified that we were looking toppish and gave several ways to confirm the reversal and get in.
We reversed perfectly and dropped 1500pips! We are now seeing a lower timeframe correction but we are still primed to drop another 5000pips.
On lower timeframe, watch for the completion of this correction. Again, we can use several ways to identify when the next big swing is confirmed:
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
We'll post lower timeframe chart if there's enough engagement with this trade idea!
Goodluck and as always, trade safe!
You can find our previous analysis below:
AUDJPY - 4hrs ( Buy Trade Target range 300 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 )
Type : Mid Term Swing
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✅Bullish Break
98.800 Area
Reasons
✅Major Turn level / D
✅Visible Range Lvn
✅visible range poc
✅Pattern Break out
✅Day / week High Break
✅Triangle Break
✅Fibo Golden
✅Bearish Reversal
102.300 Area
Sell EUR/AUD Bearish ChannelThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.6370, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6300
2nd Support – 1.6260
Stop-Loss: To manage risk, place a stop-loss order above 1.6400. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bearish drop?AUD/CHF has reacted off the pivot which is a pullback resistance and could potentially drop to the 38.2% Fibonacci support.
Pivot: 0.58170
1st Support: 0.57334
1st Resistance: 0.58694
Risk Warning:
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.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD - 4hrs ( 2nd Sell Trade Target Range 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 ( Short )
Type : Mid Term Swing
———————————
✅Bearish Break
1.62400 Area
Reasons
✅- Major Turn level
✅- Visible Range Lvn
✅- Trend / Pattern Break
✅- Month low Break
✅- inner Choch
✅Bullish Reversal
1.60000 Area
AUDCHF: RBA and SNB Can Send Pair even higherIn this article, I will take a closer look at AUD/CHF, and the reason for focusing on this pair is the potential divergence between the RBA and the SNB, which could push the pair even higher. The RBA is expected to hold rates at 4.35%, as inflation slightly increased year-on-year to 3.8% in the second quarter, up from 3.6% in the first quarter. On the other hand, the Swiss National Bank (SNB) may once again cut rates, which could help keep AUD/CHF in an uptrend.
Looking at the wave structure, we have seen a very nice ABC setback down to 0.5605, which ended in mid-September. Ideally, we are now in a new impulsive phase. However, for this current leg up to be completed, we need to see five waves up, and based on the subdivisions, that is not the case yet. In fact, a wave four correction could appear in the next few days, presenting an opportunity to join the uptrend. Support can be found around the 0.5780 area, which also aligns with the previous wave B swing area.
The price should not fall below 0.5729, otherwise the wave count will become invalid.
Reading The Tape (ICT) Part 2 - 23th Sept 2024This is part 2 of a video, since TradingView does not allow recordings over an hour. Also the previous title had the date wrong, it is 23rd Sept, not 9th.
In this video I practice reading the tape using ICT Concepts, as well as offering general advice to those using his concepts or otherwise.
I hope that you find this video insightful. If you have any questions, leave a comment and I will be glad to answer.
- R2F
GBPAUD Will Move Higher! Long!
Take a look at our analysis for GBPAUD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.950.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.962 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPUAUD SELL TRADE IDEA SIGNALGBPAUD SHORT/SELL SETUP 23 SEP-27 SEP 24
1. DAILY & H4 TF IS GETTING BEARISH
2. UNABLE TO SUSTAIN HIGHER HIGHS
3. SONSOLIDATING NEAR PSYCH LEVEL OF 1.9500
4. Look for sell signal below 1.9500
Sell @1.9495/1.9490 SL- @1.9530 Target1-1.9370
Risk Reward of 1:3 OANDA:GBPAUD
Reading The Tape (ICT) Part 1 - 9th Sept 2024In this video I practice reading the tape using ICT Concepts, as well as offering general advice to those using his concepts or otherwise.
I hope that you find this video insightful. If you have any questions, leave a comment and I will be glad to answer.
- R2F
AUD/JPY SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the AUD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 95.765.
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AUDNZD Bank Money Heist Plan On Bullish SideHello My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist AUD/NZD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Overlap resistance ahead?AUD/JPY is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 99.77
Why we like it:
There is an overlap resistance level.
Stop loss: 101.41
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 96.87
Why we like it:
There is an overlap support level.
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AUDCAD 2RR | 1HR TF BULLISH SETUPICMARKETS:AUDCAD seems to be on a bullish pattern on the 1 hour timeframe, it recently bounced back from the resistance which has now become support in a shorter time frame only for this trade setup, after that we will look towards shorting it, there are also high chances of monday dips at every monday so this will be a great short later as well today.