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Audusdshort

AUDUSD bias is still for lower levels.AUDUSD - Intraday - We look to Sell at 0.6885 (stop at 0.6925) Buying pressure from 0.6794 resulted in prices rejecting the dip. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.6785 and 0.6765 Resistance: 0.6925 / 0.7160 / 0.7400 Support: 0.6780 / 0.6665 / 0.6550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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by OANDA
AUD/USD showing promising signs to our original target at 0.6500AUDUSD as previously mentioned. Formed a Rising Flag (broke below) At the time the indicators were all mixed but now we have stronger signs that the price wants to come down. 21 >7 - Bearish RSI < 50 - Bearish Target 0.6500 CONCERNS: The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
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by Timonrosso
AUDUSDThere is evidence of bearish order flow imprinting on the AUDUSD. We have registered a CHOCH and BOS on the 4HR. For confirmation, we have a CHOCH an the DTF confirming our bearish bias. In the interim we anticipate a bullish correction targeting the unmitigated OB(in yellow sitting lower-aggressive) or the fair value gap inside the unmitigated OB sitting higher(conservative entry) targeting a 9 RR. As swing traders, we favor the conservative entry targeting the 0.63 region.
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by morrisgitau
1
AUDUSD Analysis Hey yall Hey I am super brand new to posting ideas so lets get into it! AUD USD is the pair that we are looking at. The trading week is over. I use the 50 and 200 EMA to determine the trend momentum. As of today the momentum is Monthly - BEARISH Weekly - BEARISH Daily - BEARISH 4h - BEARISH There is a dragonfly doji closing out the trading week 2/17/23. ..... I definitely had an ADHD moment (undiagnosed) I was going to say that if price closes past the high of the previous candle 0.68850in the 4h there will be bullish moment. 2/21/2023 Update: I missed the bullish movement But I did catch the bearish move right after. The larger trade was manually closed because I got a little nervous. So I hoped out and took my profit. Then I re-entered the market with a .02 lot size so that I could take partials. Im watching this trade to close. Ill move my stop loss before I go to sleep tonight. Drop some feedback in the comments. Keep it cute cause I'm sensitive about my shit!! lol
by GetRichQuickie
📌 Potential SELL setup for: AUD/USD👩🏽‍💻Technical: On the daily chart, the price broke the trendline, but the price is having difficulty breaking lower because of the strong support at 0.6860. Yet, the moving averages are still trending south, suggesting a continued bearish bias for AUDUSD. On the 4-hour chart , we can see that the price tried to break out of the support at 0.6860, but the selling pressure was not as strong enough. 🎯 For an ideal entry: If the support level is broken, we can expect a continuation of the downward trend after a push > exhaustion cycle completion. ONLY ENTER IF IT BREAKS OTHERWISE NO ENTRY.
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by fxtraderkristina
1
AUDUSD GOING DOWN LONG TERM!!!HELLO TRADERS It seems like on a weekly timeframe this pair reached a resistance or supply zone(LOWER HIGH) and to back this up with top down analysis on a daily timeframe, the market formed a head and shoulders chart pattern which is a reversal chart pattern. Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market. Before any sell orders the market has to go through a correction phase to release buyers that are still in the market. On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries...... N.B THIS ANALYSIS CAN ALSO BE USED ON CORRELATING PAIRS: EURUSD GBPUSD NZDUSD USDCHF USDJPY
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by tadiwamarara10
1