AUDUSD on a bullish move 🦐This currency pair after the recent low started an uptrend move where the market clearly tested the 0.5 and the 0.618 Fibonacci level.
The 0.7000 zone is surely a strong level and we will check if the bulls will have enough strength to break above.
How can i approach this scenario?
I will wait for a potential break above the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules.
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Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Aud-usd
AUDUSD can move lower? 🦐AUDUSD on the 4h chart is trading inside an ascending channel.
The price is currently testing an important support at the 0.700 level on a confluence zone.
How can i approach this scenario?
I will wait for the US market open and if the market will break below that area i will look for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
AUDUSD Potential for Bearish ContinuationOn the H4, with the price going within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop to the sell entry at 0.68865, which is in line with the previous swing lows. If the price breaks the sell entry, we can expect it to drop to the take profit at 0.67828, where the 78.6% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 0.69676, where the swing high and 38.2% fibonacci retracement are.
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AUDUSD Potential for Bearish Continuation| 23rd August 2022On the H4, with the price going within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop to the sell entry at 0.68585, which is in line with the previous swing low. If the price breaks the sell entry, we can expect it to drop to the take profit at 0.67798, where the 78.6% fibonacci retracement is. Alternatively, the price may break the descending channel and rise to the stop loss at 0.69671, where the swing high and 38.2% fibonacci retracement are. Take note the price of 0.69226 could be our intermediate resistance, which is in line with the 23.6% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUD/USD SHORT from dynamic Resistance STOCH+RSI Bearish SELLAUD/USD the price After a Pullback on the Dynamic trendline , going against our Entry , come back in the direction of the Main-trend with a row of Bearish red candles. Today the price opened with a Bullish candle but still under the 50 and 100 Moving average and with the Stochastic definitely in overbought with a possible drop on the bearish side plus the RSI already in Bearish mode, we can say that the price is ready to continue in direction of the downtrend.
AUDUSD 4hour Analysis August 21st, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Overall we are looking super bearish on AU and it’s not showing signs of slowing down yet.
We are right near key support (0.68500) and how price action reacts here will determine everything.
If we are to consider long scenarios we need to see a very convincing reversal off current support.
Trade scenario 2: If falling price action does not slow down, look for a clean break of 0.68500 with any sort of confirmation below.
AUDUSD - Potential ideaFX_IDC:AUDUSD
He llo everyone !
🛎 Let check the trading idea for AUDUSD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
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AUDUSD Potential for Bearish Drop| 18th August 2022On the H4, with the MACD indicators are under zero, the price breaking the ascending channel and below the ichimoku cloud, we have a bearish bias that price may drop from the sell entry at 0.69131, where the 50% fibonacci retracement and pullback support are to the take profit at 0.67980, which is in line with the swing low and 78.6% fibonacci retracement. Alternatively, the price may rise to the stop loss at 0.70254 which is in line with 50% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD H4: Bearish outlook seen, further downside below 0.7000On the H4 time frame, a pullback to the resistance zone at 0.7000 which coincides with the Fibonacci confluence levels could see a reversal below this zone to the support zone at 0.6860. Failure to hold below the resistance zone at 0.7000 could see prices push higher to the next resistance zone at 0.7080. Prices are holding below the 50 EMA as well, supporting the bearish bias.
AUDUSD 4hour Analysis August 14th, 2022AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment.
We can see price action is resting at our 0.71100 zone where we are waiting for reactions.
Ideally, price action swings back to find structure and rejects support around 0.70000.
This would present a higher low and good entry opportunities.
Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
AUDUSD Potential for Bullish Countitunation | 12th August 2022On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.70679, where the pullback support and 23.6% fibonacci retracement are to the take profit at 0.71603 where the 78.6% fibonacci projection, 78.6% fibonacci retracement and swing low are. Alternatively, price may drop to the stop loss at 0.69984 which is in line with 50% fibonacci retracement and pullback support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDUSD 4hour Analysis August 7th, 2022AUDUSD Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: AU is looking bearish on the 4hour timeframe while still bullish on the daily.
Ideally, price action forms a lower high below our 0.69500 zone with strong bearish setups to enter short on.
Trade scenario 2: For us to consider AU bullish again we would need to see a break above 0.69500 with structure in the form of a higher low above.
AUDUSD short-term buyThe AUDUSD pair broke last week above its long-term Falling Wedge pattern and the 1D MA50 (blue trend-line) and has been consolidating ever since. With the 1D RSI on Higher Lows since May 02, which has been a Bullish Divergence, it is more likely that the rise will be resumed towards the 1D MA200 (orange trend-line) which has been the Resistance since April 22.
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AUDUSD Potential for Bearish Drop| 3rd August 2022On the H4, with price breaking the ascending trend channel, and the price and MACD is showing the bearish divergence, we have a bearish bias that price may drop from the sell entry at 0.68620, where the 50% fibonacci retracement is to the take profit at 0.67616 where the swing low and 78.6% fibonacci retracement are. Alternatively, price may reverse off the sell entry and rise to the stop loss at 0.70546 at 61.8% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.