AUSTRALIAN DOLLAR / U.S. DOLLAR ( SELL)According to the downward trend formed and the return of the price from the shown resistance, the price can continue the downward trend until the bottom of the channel.
TIME : 1 days
SIDE : SELL
BUY 0r SELL ZONE : 0.6930
TAKE PROFIT : 0.6757
STOP LOSS : 0.699
R/R = 2.4
MIDTERM SIGNAL
#FOREX
#AUDUSD
Audusdforecast
AUDUSD, Sell Setup 300PIPS TargetHi Traders,
AUDUSD is setting up for the next bearish run as we can see on the HTF, price is continuously making lower highs and lower lows moving within a larger descending channel. Price failed to push higher at 0.705 range, instead created a double top and a strong reversal impulse. On the LTF, price is moving correctively towards the upper boundary of the larger correction.
I will be waiting for a bearish confirmation for a sell opportunity, if price breaks out of the channel I will be looking for a sell opportunity around the 0.725 range.
Thanks
Trade Safe
Is it time to short AUDUSD?A few words about how I see the current market:
Powell's comments have led to what I believe is a short-term regime shift from QT to perceived-pseudo-QE (which isn't really QE but a lot less QT).
The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out.
The ECB has ditched forward guidance, now the Fed has followed suit. Central bank speakers and economic data will have much more impact when trading, creating more whipsaws and more small-timeframe volatility. (Thankfully you're reading a newsletter that has that covered.)
Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
Has (AUD/USD) started a 5-wave movement?I think that this currency pair has started a big movement that will be in the form of 5 waves.
In my opinion, wave 1 is being completed and will soon enter the corrective phase.
The corrective wave that will start soon is wave 2, so consider that the best price to buy is wave 2.
Wave 2 itself will be in the form of (ABC), so note that if you use Fibonacci, pay attention to the numbers 50 and 61.8 and set your loss limit at 83.6
Be successful and profitable.
Week 7 assignment (EXHIBIT C) for AUDUSD by PROSHERIFFBEARISH ABCD PATTERN
1. Parallel Channel is showing a downward move.
2. Harmonic ABCD pattern is also giving a bearish signal.
3. TP is set to 0.69534
4. SL is set to 0.70257
5. RR ratio of 1:1 is set for this trade.
6. This is a counter-trend trade so need to be careful of any bullish signs.
Bearish Flag Pattern on AUDUSD 4h TimeframeHello Traders this is my analysis on AUDUSD
The Pair is currently at a trendline resistance on a 4H time frame
its also creating a bearish flag pennant on 4 hours timeframe
for confirmation, The RSI and CCI are both overbought
So I am expecting a bearish movement on AUDUSD
whats your thought
trade with care and proper risk management
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD Long: Inverted Hammar, 0.5 Fib Retracement &1D SupportTrend: Upwards
Candle Stick: Inverted Hammar at new HL
Support & Resistance: Price is testing 1D support.
Parallel Ascending Channel: Script is moving between this.
Fibonacci Retracement: Price has retraced up to 0.5 level of the fib.
SL: Previous HL
TP: Fib extension 1.2
AUDUSD sell oppertunityAUDUSD is going down in a traditional bearish momentum
now market is retesting the broken structure and than will continue the trend
look for bearish confirmation on lower time frames and sell AUDUSD with proper money management and risk to reward ratio
always remember
Patience is the key
AudUsd Retracement Buy- Daily >> Price broke area of resistance at 0.68554 and pushing up to the 55 MA at a resistance level 0.69685
- 4 hour >> Price made a double bottom (bullish signal). Price broke resistance level at 0.68554 to make a new higher high and currently hitting the 200MA
- 1 hour >> Price broke through 1st resis lvl at 0.68025 made a higher high and retested same resis level now turned support and pushed up higher
- 1 hour >> Price is currently consolidating wityh an over bought stochastic.
- Overall >> Price is in a bearish zone on the Daily and weekly Charts. However, there is some bullish momentum on the 4 hour and 1 hour charts which is helping the retracement on the higher time frames. Trends have reversed on lower time frames up to the hourly chart. It is expected that the price will bounce off the 200MA on the 4 hour and go down a bit to either the 0.68554 level or lower to the 0.68025 before going back up.
Conservatively we can wait for the price to go down and wait for buy signals before entering as the price is still in a daily bearish zone or aggressively, we can place buy limits at both areas with 30 pip SLs
Target is the daily 55MA or resis level of 0.69511
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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AUDUSD and GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently AUDUSD is going UP very fast. The reason for that is the RBA RATE HIKE FORECAST and the weakness of the dollar yesterday. A MARKET FEAR about the economic recession is currently underway.
- Thus, COMMODITIES are going up now. It also affects the AUD very strongly.
- AUDUSD can move further until it reaches the 0.6763 level. And after that, if the MARKETS RISK is ON, the TREND LINE in AUDUSD has definitely been BREAKED by now. It can be BUY up to 0.7233 LEVEL if the RISK ON condition continues with USD WEAKNESS.
AUDUSD showing long singnalHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:AUDUSD
We can see market is going to make a long trend after breakage of previous trend.
So we are expecting more rise to make long trend.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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