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Audusdidea

AUD/USD forms double bottom: 0.727 in sight? The AUD/USD daily chart formed a double bottom at 0.685 last week, a level reached by the pair in mid-May before rebounding to 0.727. A double bottom is a chart pattern that consists of two pretty equal lows separated by a tiny peak that creates a 'neckline.' It often occurs near the end of a downward trend and may foreshadow a positive reversal. The last time a double bottom happened was in December 2021, after which the AUD/USD pair rallied 10% to its peak on January 5th. This might potentially lead to a fresh advance to the 0.727 neckline, which, if broken, would confirm a bullish trend reversal. The governor of the Reserve Bank of Australia, Philip Lowe, stated this morning that more hikes are likely in the coming months after raising its main rate from 0.35% to 0.85% on June 7, exceeding market expectations of a smaller move. Inflation in Australia is expected to peak at 7% by the end of the year, according to the latest RBA's projections.
by Capitalcom
AUDUSD (SHORT) IDEA Hello Traders, Hope you are killing the markets this week. My overall perspective on AUDUSD is bearish, expecting this supply level to hold as long as we could get a nice 15 min rejection from our area of interest. We called out two shorts so far on this trade, first short took partials at 35 pips and our runners were stopped out at breakeven. Second shorts are currently running after 30 pips and looks like we will go breakeven on it again today given the dying volume today. However, our bias remains intact we still need to monitor this pair. Always move stops to breakeven after +25-30 pip moves Looking forward to see how the results of this trade unfolds. Thank you for your support and trust ! ETGL TEAM 💛
Short
by Eleventgl
AUDUSD D TF OVERVIEWwatch all my related ideas . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
🧅AUDUSD 15M1:5 RR on AUDUSD . Good Luck Trader 💯💯 . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION