AUDUSD - Daily Trade Idea - 10-Feb-23AUDUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Audusdshort
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.
AUDUSD - Daily Trade Idea - 9-Feb-23AUDUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
AUDUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDUSD .
After the change of character I started to look for short positions. My point of interest for a short position is around institutional mid figure 0.70500 if price fills the imbalance and rejects from there.
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AUDUSD coming down since it hit our target of 0.7126 AUDUSD hit our take profit at 0.7126 and since then it's broken below the Rising Flag.
7=21 - Mixed
RSI = 50 - Mixed
With the US Dollar showing levels of strength with the Rising Interest Rates, and the high jobs numbers added from last week. We can see the AUD come back down a bit.
Target 0.6500
AUDUSD SELL IDEA FEBRUARY 2023HEY! Traders, it's been a while Happy New Year.
So I am back, we have been on a nice uptrend from last year in AUDUSD but recently, we have seen a major CHOCH in the daily time frame and we are looking to see a major sell-off from that change in direction. So we have gone to the lower time frame to analyze which is the best OB for our trade and this year again we will be trading aggressively without waiting for lower timeframe extra confirmations.
That being said I have a great setup for AUDUSD for the long term sells.
Cheers!!
Yours Truly,
Undercover Trading
(Swing Trading SImplified)
Yemi_Fx1 | Going short on AUDUSDPrice moved out of the reversal pattern (ascending channel) impulsively. Currently I'm waiting for the complete formation of flag continuation pattern.
A risk entry type within the flag at an area of value will be suitable.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
AUDUSD - Daily Trade Idea - 7-Feb-23AUDUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
AUDUSD: TP2 SUCCESSFULLY HITThe market closed at 0.69205 on Friday following the drop that resulted from NFP, just a couple of pips before hitting my TP2 at 0.69078. I cought the trade right from its inception. TP1 was hit at 0.69979. . Then 0.69078 was finally hit as price pushed down slightly before bouncing back up.
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Price action, risk management, and patience are extremely important in this business.
AUDUSD - Daily Trade Idea - 6-Feb-23AUDUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
AUDUSD Short Swing Trade SetupWeekly timeframe;
-Market structure is still downtrend
-Weekly Engulfing candlestick
Daily/4H - structure is also a downtrend
Right now , I am waiting for a pullback/retracement into either 0.70000 or 0.70450 area.
Then, wait for entry pattern like at least 30M Engulfing or some kind of strong rejection.
Target profits ; 0.68800 and 0.68000
AUDUSD: NFP PROFITABLE MOVENFP paid us handsomely yesterday. We caught the move to the downside on AUDUSD. This move was actually anticipated. My TP1 has been hit. Price now just inches to hitting my TP2.
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Smart Money Trading is king!!!!
AUDUSD SHORT TRADE
You can see at the chart that the the traders are trying to push the price at 0.71040 resistance and the possible trend could be bearish if the price hit in that resistance price point. If this trend becomes bearish, the possible target price could be at three level price according to the Fibonacci retracement, It could be at 0.67730 at 0.382 Fibonacci retracement, 0.66586 at 0.5 Fibonacci Retracement, 0.66586 at 0.5 Fibonacci Retracement. According to the RELATIVE STRENGHT INDEX (RSI) the indicator suggest that the trend is overbought near at %62.44 in D Trading.
If the trend pass the 0.65443 at 0.618 Fibonacci Retracement and retest in this price point, the possible bearish trend could push the price at 0.61740 at 1 Fibonacci retracement acting as a support.
IMPORTANT PRICE POINT
1. 0.67730 at 0.382 Fibonacci Retracement.
2. 0.66586 at 0.5 Fibonacci Retracement.
3. 0.66586 at 0.5 Fibonacci Retracement.
4. 0.61703 at 1 Fibonacci Retracement (Possible trend if the price push lower at 0.61703).
The 0.61703 at 1 Fibonacci Retracement is a given support.
Remember that the Fibonacci retracement level is price point area and not always a solid line. Price can go pass the line a reverse the trend.
IMPORTANT FOR TRADERS
Forex Disclaimer.
This Published idea is intended to be used and must be used for information purposes only and not for investment advice. It is important to do your own analysis in forex trading before making any investment based on your own personal circumstances. Regardless of anything to the contrary, nothing available on or through this information should be understood as a recommendation that you should not consult with financial professional to your particular information.
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