I am long on AUDUSD
After a prolonged downward trend, AUDUSD has returned to a stable market, showing signs of bottoming out. I plan to initiate a light long position on AUDUSD, adding on dips, and will reap a decent profit if a bottom forms.
My personal trade recommendation: Enter a long position near 0.67000-0.67050, with the first profit target at 0.67800, second at 0.68500, and third at 0.69200. If you are trading with me, please control your position size reasonably, and those with small capital or poor mentality should not participate.
I have extensive knowledge of futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and regularly update my daily trading strategies. Thank you for your support and likes, and please feel free to leave me a message if you have any questions. I will provide the most secure advice and hope to help you.
Audusdlong
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.68000.
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AUDUSD 2hr Minor correction (22/02/2022)After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow.
However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly.
What are your thoughts on this? Feel free to share your comments below.
audusd going long currently waiting for price to approach the bullish orderblock level before executing the trade set up . dxy overall market structure looking bearish as well . confluences : price broke the previous structure , there's imbalance waiting to be filled , and lastly bullish engulfing pattern . if price respected the bullish order block level , high chance that price will break the previous high and approach to the next key level
AUDUSD H1: Bearish outlook seen, further downside below 0.6920On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.6920, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6820, in line with the graphical low and 50% Fibonacci extension. Stochastic is approaching resistance as well where we could see a further downside below this level.
AUDUSD Daily: 19/02/2023: Looking for buy!
As you can see, the price touched the supply zone and fell.
Now the price is in a very important area that can rise till resistance or even more, move up to collect liquidity and touch the low time frame supply zone.
So for that, it may rise from here or start an upward move around 0.67828.
Please pay attention to the details on the chart.
💡Wait for the update!
🗓️19//02/2023
🔎 DYOR
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AUDUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I look price to make a retracement to fill the imbalance and then to reject from bearish order block to open a short position.
‼️Attention!!! Due to the fact that we have news on USD & AUD tomorrow, the analysis can be invalidated.
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AUDUSD H4: Bearish outlook seen, further downside below 0.7020On the H4 time frame, prices are approaching the resistance zone at 0.7020, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6880, in line with the graphical low and 50% Fibonacci retracement. Prices are holding below the Ichimoku cloud, and stochastic is approaching resistance at 95.24, supporting the bearish bias.
AUDUSD H1: Bearish outlook seen, further downside below 0.7000On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.7000 in line with the 50% Fibonacci retracement and 78.6% Fibonacci extension where we could see a further drop below this zone to the support zone at 0.68700. Failure to hold below the 0.7000 could see prices push higher to the next resistance zone at 0.71000. Stochastic is testing resistance at 97.25, supporting the bearish bias.