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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Audusdshort
IntradayThirty Minute setup on AUDUSDI enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
AUDUSD 15M: Bearish outlook seen, further downside below 0.6665On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 0.6700, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 0.6680 could present an opportunity to play the drop to the resistance-turned-support zone at 0.6665. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
AUDUSD 250pips HIGH PROBABILITY SETUP!!!AUDUSD just had a CLEAN BREAK to the downside, now we for a PULLBACK for a solid SHORT setup.
Price is currently below, 200ema & 800ema, baseline, cloud, with a super strong BEARISH confirmation on D1.
#1 ENTRY (Risk Entry, Good Reward) -: New SHORT TREND has been set, now we need to get entry at a point with the least amount of risk and area that is most likely to trigger a massive SELL OFF
that would be around the 800ema on H4. Wait for price to pullback and get a SHORT.
INVALIDATION
Price fixing ABOVE 800ema on H4 will be seen as a RECOVERY, when this happens, exit all SHORT positions.
TARGETS
We are looking at FIRST TP to be at the next AUTOMATED KEY ZONE (Blue zone - 0.65000)
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
AUDUSD 4hrsAUDUSD has been ranging for a long time within this support and resistance. I price rejection at this level and i will look for a sell entry, meanwhile there is possibility for price to break the resistance and continue the reversal to the uptrend.
I will wait for retest and of the key zone and i will look for buy entry.
AUDUSD Potential SellWeekly:
-remains bearish in my opinion
-closed very bullish
-high probability of opening bearish on the short term
Midrange:
-tapped into a zone of orders/supply level on H4:
-Friday low at 0.66890 the most preferred level to grab liquidity and rally thereafter
-50-60 pip potential
Trade plan: await a close of the spread window (usually 1hr into the market open), and take a sell of the pair if and when the market indicates a clear rejection on M15 in favor of the bears.
Target: 0.66850
NOTE: this is not to be construed as financial advice. It is simply my opinion based on my analytical tool.
AUDUSD Sellers are back!A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone.
AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback.
Sell is the Call and we will use .6754 as the stop loss.
Enjoy!
AUDUSD Potential Short positionAUDUSD is in bearish trend if we are looking at 1H timeframe.
Zoom in to 15-minute timeframe, we are seeing short position opportunity if the price breaks its trendline support.
Despite unexpected news this morning related to Australian dollar which brings strong good momentum for all AUD pairs, the momentum seem weakens in USA trading hours.
I am expecting AUDUSD to continue its major trend (bearish) and forming descending broadening wedge pattern.
Happy profit!
Good luck!
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.
AUDUSD Trading Plan - 30/Apr/2023Hello Traders,
Hope you all are doing good!!
I expect AUDUSD to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
AUDUSD Strong Bearish Trend 1H TFAUDUSD shows strong bearish trend in spite of bullish divergence. Previous LL also broken by the current price action. There is strong bias of bearish. TP1 is right above support. It is likely to get hit. However, TP2 is under two major support. Not likely to get hit. However, initiated two short trades with 1% risk and 2% reward.