AUDUSD Possible sell zone!Currency Pair : AUDUSD
Possible direction : Bearish
Multiple-timeframe Analysis : Daily : Price has broken out of 2 daily candles high and grabbed liquidity
Monthly: There is strong rejection from 2 monthly resistance level.
Weekly: Price has formed strong weekly doji and price may test the half wick and possible drop.
4H: In this timeframe price grabbed liquidity 2 times from important level of resistance and price may continue to drop to the support level to the direction of the trend.
Possible trade recommendation : Bearish as per chart sketch
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Audusdanalysis
MY AUDUSD BIAS IS SHORTMy Bias Is Still Bearish , 1H TF Supply Zone Has Been Tested And Got Rejected multiple Times.For Me Marked Up 3 Candles Means Much To Me,Got A Pullback In the Area Again And Got rejected Again On 15M TF!
I Dont Use Indicators But If You Trade DIVERGENCES Then You Can See A Clear Divergence On RSI ON 15M TF. Selling Volume Is Getting Stronger If You Look AT The VOLUME.Multiple Rejection Candles IN The Supply Zone Again!Marobozu Candle Has Been Established Inside The Supply Zone.Fair Value Gap Has Been created.My Short Set Up Is Getting Stronger.We Can ADD Retail Concept For Finding More Confluence.Two Retail Concept On Play And Working Great.Price Got Rejected On The Support Area.As Support Acts AS Resistance When Broken.I Am Not Really Good With Chart Patterns But Probably Head & Shoulder pattern Has Been Created Aswell.We Now Have Three Retail Confluence playing In Our Favor.15M TF Market Stracture Has been Broken ,Now I Am gonna LOOk For My ENtry.
Entry - 0.66609
SL- 0.66764
TP- 0.66292
Update On AUDUSD ShortBLACKBULL:AUDUSD My Bias Is Still Bearish , 1H TF Supply Zone Has Been Tested And Got Rejected multiple Times.For Me Marked Up 3 Candles Means Much To Me,Got A Pullback In the Area Again And Got rejected Again On 15M TF!
I Dont Use Indicators But If You Trade DIVERGENCES Then You Can See A Clear Divergence On RSI ON 15M TF. Selling Volume Is Getting Stronger If You Look AT The VOLUME.Multiple Rejection Candles IN The Supply Zone Again!Marobozu Candle Has Been Established Inside The Supply Zone.Fair Value Gap Has Been created.My Short Set Up Is Getting Stronger.
AudUsd- Play the range!For more than 2 months now, AudUsd is stuck in a range between 0.66 and 0.68.
Yesterday the pair reached the lower boundary of the range at 0.6603 and has started to reverse.
Traders could try to trade this range looking to buy AudUsd close to 0.66 and, with a tight stop and a target at 0.68 a more than 1:2 risk: reward could be achieved.
AUDUSD - AMD Pattern Confirmation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we can see a clear confirmation of AMD pattern, price was accumulated for last 2 months and then manipulated buy side liquidity and then started the distribution. I see price to continue bearish price action to fill the imbalance lower.
Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate, negative results could support our analysis for bearish move.
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AUDUSD 12May2023As long as the price does not exceed the invalid line, this pair tends to continue its bearish period. the price has also crossed the red line as an early sign of continuing the bearish trend. if you want to take the opportunity to sell, wait for a rebound to occur, if you are lucky we will get a very good RR
AUD/USD struggles to break above key technical levelThe current market conditions for the #AUDUSD pair are mixed, with a number of fundamental factors impacting its performance.
While the RBA's surprise interest rate hike provides some support for the Australian dollar, the mixed Chinese trade data, risk-off sentiment, follow-through USD buying, and less hawkish outlook from the Fed are exerting downward pressure on the pair.
Market participants will be closely watching for the release of the latest US consumer inflation figures and other upcoming events to gauge the pair's future direction.
TRADE IDEA DETAILS
CURRENCY PAIR: #AUDUSD
CURRENT TREND: Bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: 0.6770
✅TAKE PROFIT: 0.6700
❌STOP LOSS: 0.6810
#AUDUSD #forextrading #marketanalysis #Fed #RBAratehike
DeGRAM | AUDUSD pullback to support, trend continuationAUDUSD is pulling back from the resistance level.
The market broke out of the resistance that became a support.
Price is approaching the support level and fibo cluster.
We expect a classic breakout pullback continuation pattern.
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20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Multi-year bearish trend in effect.
2:📆Monthly: Market made an insider high and low, but was rejected from the monthly order block.
3:📅Weekly: Market structure is bearish, but it filled out the last swing 50% area and respected a strong reversal upside signal with a double bottom formation.
4:🕛Daily: Daily structure is bullish and the market completed its inducement, indicating an overall bullish trend. Market may go above 0.7100 levels after a long consolidation.
😇7 Dimension analysis
🟢 Analysis time frame: H4
5: 1 Price Structure: Sideways
6: 2 Pattern Candle Chart: Double Top
7: 3 Volume: High volume during this period suggests buyers are active somewhere.
8: 4 Momentum UNCONVENTIONAL RSI: Above 60, indicating a super bullish zone.
9: 5 Volatility measure Bollinger Bands: High bullish volatility.
10: 6 Strength ADX: Bulls are in power.
11: 7 Sentiment ROC: AUD is the strongest this week.
✔️ Entry Time Frame: 15 Min
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Last FVG should be a support.
15: Wait for a trigger event.
☑️ Final Comments: Buy at support or breakout.
16: 💡Decision: Buy
17: 🚀Entry: 0.6725
18: ✋Stop Loss: 0.6687
19: 🎯Take Profit: 0.6900
20: 😊Risk to Reward Ratio: 1:5
🕛 Expected Duration: 3 Days
AUD/USD - Bullish Divergence - Bullish Trend Reversal
Overview
FX:AUDUSD was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low!
Analysis & Plan
After formation of bullish divergence on FX:AUDUSD , price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long position on break of HH and expecting price to continue the bullish trend!
AUDUSD GOING UP B4 DOWN ON CONTINUATIONAfter the break of the ascending channel with bearish impulse momentum, Auzzie took a correction forming continuation flag pattern to go to the downside.
Inside the continuation flag, there's an Arc forming to show reversal, meaning before Auzzie go down it might probably go up to create another reversal arc(double top) inside the flag or outside the flagto re-test the highs of the ascending channel then go down.
So i say we looking for buys or Bullish movement before going down.
What do you think?
AUD/USD Holds Steady Ahead of FOMC Decision Amid RBA Rate HikeThe AUD/USD pair is expected to remain volatile in the near term, with traders focusing on the FOMC meeting and the US economic docket.
While the RBA's rate hike has boosted the Australian dollar, the USD pullback and concerns over the US debt ceiling and banking crisis are limiting the downside for the pair.
TRADE IDEA DETAILS:
CURRENCY PAIR: #AUDUSD
CURRENT TREND: ➡️Sideways
TRADE SIGNAL: ↗️Buy
👉ENTRY PRICE: 0.6670
✅TAKE PROFIT: 0.6740
❌STOP LOSS: 0.6610
#AUDUSD #RBA #FOMC #RateHike #USD
Trading Opportunities in AUD/USD This WeekOn Monday, the US dollar increased to nearly a two-week high against a range of currencies as the Federal Reserve is expected to raise interest rates by 25 basis points later this week. The dollar also gained on Friday due to elevated core inflation in March.
This week, investors will be focused on whether the Federal Reserve plans to halt interest rate increases after May or if another increase is possible later this year. Job data is also in play, with the JOLTS Job report expected to show a 200,000 drop in open jobs to 9.7 million, and the Non-Farm Payrolls report on Friday likely to show that 180,000 jobs were added in April.
Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause on further rate hikes, the RBA remains cautious of high inflation and concerns about wage and population growth.
Most economists and financial markets are predicting that the official cash rate will remain at 3.6%, but the decision could be a close call. The Commonwealth Bank forecasts a 25-basis-point increase, while NAB, Westpac, and ANZ all predict a hold. The Commonwealth Bank’s forecast coming true is what traders might like to look for in regard to trading opportunities.
Minutes from the RBA's April board meeting indicate that the influx of 700,000 new arrivals could put considerable pressure on Australia's existing capital stock, particularly housing, resulting in higher consumer prices. While higher immigration could ease wage pressures in industries experiencing significant labour shortages.
AUD/USD - Bullish Divergence - Bullish Trend ReversalOverview
FX:AUDUSD was in a bearish trend, however, bullish divergence was formed on RSI and price is currently forming a higher high for the first time!
Analysis & Plan
This trade is risky because price is just forming the first higher high at our entry point. However, we are expecting price to replicate the same bullish reversal after forming bullish divergence (marked on chart) earlier. Currently price is bouncing from a previous support zone as well. Longing break of lower high and expecting price to start a bullish trend!