Audusdanalysis
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
Fundamental analysis: Tomorrow we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a CHOCH (Correction of Higher Chance) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: A very strong CHOCH has already occurred, and now the price is making a corrective move after the CHOCH. At an interesting point, we can observe significant volume before the point, indicating profit booking. Following this, there is a classic doji candle and the current big bullish momentum candle that signals a long position entry.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish CHOCH
6: 2 Pattern Candle Chart: Doji and momentum candle
7: 3 Volume: Execution volume before 3 days
8: 4 Momentum UNCONVENTIONAL RSI: Shifting from a bearish range to sideways, indicating strength on the upside. RSI holding above the 40 level signifies strength in the upside move.
9: 5 Volatility measure Bollinger bands: After a volatile move, the price is currently in a calm mood. The last squeeze breakout formed a headfake formation where the price initially went down and then reversed, leading to opposite price moves.
10: 6 Strength ADX: Sideways movement
11: 7 Sentiment ROC: AUD is stronger than USD on the scoreboard.
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish CHOCH
13: Entry Move: Impulsive
14: Support Resistance Base: Support at Fibonacci Validation Zone (FVG) and order block (OB)
15: FIB: Trigger event activated
☑️ Final comments: Buy right now.
16: 💡Decision: Long
17: 🚀Entry: 0.6700
18: ✋Stop Loss: 0.6630
19: 🎯Take Profit: 0.6970
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
AUD/USD hourly chart analysis, further decline likelyDear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level.
However, it seems like the current pullback is about to end.
Price is struggling to cross the 100-hour moving average which is acting as
a dynamic resistance in AUD/USD . So, my recommendation is to sell the
rallies in AUD/USD.
The short-term target would be 0.6670. If the minor support line at 0.6670 breaks,
expect further decline towards 0.66
AU Dump Set to Soar by an Impressive 3.57%?Technical Analysis :
12 hour pull back chart :
Verified by VRVP :
I'll join the action only when that red line finally breaks.
My strategy involves using a dynamically trailing stop loss approach.
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AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: As I expected in my previous analysis price rejected from daily bearish order block and changed the character on 1H timeframe. Now I will look to add shorts position, so want price to continue the retracement to fill the imbalance higher and then rejects from there.
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AUDUSD Daily Analysis AUDUSD has been ranging since early this year, while I took some trades within the range, I was anticipating a breakout from the support for a short trade. Market broke out as anticipated but reversed back inside the due to fundamental news that pushed the price even above the resistance level.
The confusing part is that price is back into the range. While I'm presently expecting a further drop in price, I know price could possibly continue the uptrend as this could just be liquidity grab
What's your thought on this? Like and comment below
AUD/USD: Perfect Bearish Leg!As we said in our latest analysis about FX:AUDUSD pair (see chart below), our resistance area has worked properly, and pair has triggered a bearish leg. Having said that, drop has been fast and this confirmed the resistance validity. From a technical point of view, we are now looking for a continuation or reversal pattern on intraday chart. In the next sessions, the pair could give us a clear signal, even if we already have some ideas in mind...
RESISTANCE ANALYSIS
(Click on Chart below)
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Trade with care!
AUD/USD best level to sell? + 385 Pips potentialDear traders, AUD/USD has been in a relentless uptrend for the last 2 weeks
or sell. Post FOMC, Price spiked up rather quickly.
However, it is possible that the spike was a melt-up scenario and AUD/USD
may have reached the top. So, in case the resistance level at 0.69 holds,
we can consider a potential sell set-up in AUDUSD@0.6880-0.69 with SL
above the resistance and swing TP at 6460 .