#AUDUSD- 230+ PIPS CLEAN SELL SETUP❤️Dear Traders,
-Hope you had a great weekend, FX:AUDUSD is on bullish trend, price have break out number of structures and retested all buying zone and respected it, now in our analysis. We wanted to make everything clear, price will come to our 'premium selling zone' area; where we want an nice clean move of 230+ pips after which we may see some bullish price movement.
-Once price rejected at our area and drops from there, enter a sell entry with 40- 50 pips with a good 'risk management'.
as always have a good mindset before you analysis or trade; emotions turns good trades to bad once.
Audusdshort
AUDUSD to turnaround at resistance?AUDUSD - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 0.6800 (stop at 0.6830)
Our profit targets will be 0.6720 and 0.6700
Resistance: 0.6810 / 0.6890 / 0.7010
Support: 0.6725 / 0.6620 / 0.6460
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Shorting a Daily shooting star re-testAUDUSD provided a daily shooting star on Monday which signaled that intraday it may become bearish. This re-test is after a Bearish Engulfing was confirmed on the prior touch. The 4H failed to break beyond a monthly resistance. I took a 1H evening star short beneath resistance.
AUD/USD Best level to sell + 170 PipsDear traders, AUD/USD is slowly reaching a long-term resistance level on the
8H chart from where price could fall if bearish price action takes place
at the resistance level.
Based on the above information, traders can consider selling AUD/USD@0.6800
with SL above the resistance zone and TP at 0.6630 . However, keep in mind
that you should only sell if price struggles to break the resistance and multiple bearish
candlesticks form at the resistance level .
Potential Big Sell Off On AUDUSD Price Is currently buying its way to a sellers key level after making new lows in the market. I see this short term bull trend as a long term retracement in this overall downtrend and that price is simply taking out all current sellers while setting up for a big sell off back to the new low, potentially create newer lows.
AUD/USD best level to sell + 130 PipsDear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level
(previous idea is attached below for reference) based on daily chart analysis.
As you can see AUD/USD has dropped close to 20 pips from the double-top resistance
level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall
further towards 0.66.
Traders can sell the rallies in AUD/USD as long as the resistance remains unbroken
with SL above resistance and initial TP at 0.6620
AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today.
🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443
🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang!
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AUDUSD - Short after filling the imbalance ✅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 short position. I see price to continue the retracement to fill the imbalance higher and then to reject from 4H bearish order block.
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AUDUSD short this morningI decided that this pair is relatively close to retracing as the 30min moving average crossed over to the downside and a 30min trendline break. I placed a short order based on the false break close on the monthly resistance. The 4H turned out to be a shooting star at a key area. I believe that Buys are short term over. Now is the time to profit from shorts. Looking to catch the reversal. from Bullish to Bearish.
AUDUSD - More USD Strength On The Horizon?Analysis:
Price was in a period of consolidation failing to break higher or lower until recently where we saw a break to the downside, signalling to us to look for possible shorts. We've now seen a great opportunity that we're looking to enter into and that we want to share with you. We've got multiple confluences going in our favour which gives us more confidence behind this trade setup. Firstly we've got the market trend which is to the downside. You can see this by the lower lows and lower highs that price is making. Secondly we've got a retest of a previous strong area of support which we're now expecting to hold as resistance. At this level we also have the 50% fib level which we again expect sellers to be sat at wanting to push price down. Another factor that we have is the downwards trendline that we can see. This is another area that we would expect sellers to be sat at giving us all the more reason to enter short. Finally taking a look at the fundamentals the USD is quite strong at the moment making some big moves back to the upside compared to the AUD which is still relatively weak. In fact the AUD is the 3rd weakest major currency pair, which helps out short thesis. Due to all of the confluence factors that we have we see price making a push back to the downside from the area of resistance we have marked out.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area.
Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Potential swing trade short on AUD/USDThe AUS/USD is within an established bear trend on the 4-hour chart, and closed to a fresh YTD low on Friday having broken beneath the March and April lows.
Prices have managed to retrace over the past two days during lower-liquidity trade whilst the US dollar’s rally took a breather. For now, we’re looking for evidence of a swing high below or around the 0.6550 – 0.6572 zone which includes the weekly pivot point, March and April’s lows.
We note that some of the heaviest volume during its previous leg lower is at 0.6532, which suggests bears are caught short whist prices retrace higher. SO whilst we see the potential for another burst higher, it’s important prices remain below 0.6580 (otherwise we can expect bears to cover and trigger a short-covering rally).
The initial target is around the 0.6500 handle / last week’s lows, a break beneath which brings the 0.6450 / weekly S1 and 0.6400 lows into focus.
AUD/USD: Precision Analysis for a Lucrative 2.5% OpportunityTechnical Analysis:
Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout.
Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions.
Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size.
Stop Losses:
Stop losses are not fixed and depend on the specific trade situation.
The preference is to use tight stop losses, especially when trading based on one-minute intervals.
The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
AUDUSD 31May2023there is still a fairly strong bearish pressure, and there is no sign of a reversal. we can argue that the price entered wave 3 with the invalid area boundary in notation (4). special note, even though the price is likely to go up and higher than the invalid area, it does not necessarily mean that the price has reversed. the possibility is that the elliot notation is not correct and the price is still in a bearish period, it's just that he has an upward correction. so, be careful friends when deciding to go long later.