This is a trade idea Short that might work early this next week until the FOMC meeting on Thursday when the Aussie-dollar could in fact breakout to the upside on news of a US interest rate cut. But do you ever get the sense and strange feeling that they have taken measures to now allow the greenback to fall lower as in recent weeks..... 5 Minute Chart:
4 H Supply Zone Short Trade RR = 2.4 Target below 30 Min Value Zone and 15 Min FVG
The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300. From the Daily time frame, it is evident that the price is nearing...
Hi All, Looking at this AU sell after seeing a lower low being created and it's currently being tested. Quick update from my trade linked to this post.
Technical Analysis: Trend Line Breakout Focus on Targets: It is advisable to monitor the targets and their progress. SL Touch and Re-entry: In case the stop-loss (SL) is reached, and I decide to re-enter, I will share the details of my re-entry. Feedback is Welcome: Please feel free to provide your valuable feedback.
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will...
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will...
Dear Traders, hope you are doing great, I have another great setup for you to take since our last setup on AUDUSD hit TP, Entry would be the area where it described as order block and stop should not be more than above the limit as described. TP has been arrowed. Good Luck and Trade Safe!!!
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will...
As the current Situation Aud still looking buy if price hold thats trendline will see a bullish move towards 0.72 zone. Now price facing a strong resistance zone near 0.715 where we see price did not break and touch thats zone 2 times but failed to breaks that zone i am expecting price will come down a little to the 4h level and then continue its journey be...
Technical Analysis Summary AUD/USD TREND ANALYSIS We have 1 Uptrend Trend in Green (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White...
Audusd - H4 - Price did a stop loss sweep but still trading in a huge monthly supply zone so expect a sharp reversal in trend from here on
Audusd - Daily - Aussie has reached near the end of its 4 months long uptrend and now comes into a peak monthly supply zone...Expect a sharp reversal and sell off on this pair from current levels..
Thank you kevinsmyj for inspiring me to get my act to together to make this video! The view has changed and rightly so... Will this have consequences for my other ideas? The answer is yes. It appears that the larger structure has not yet completed, and I now have reason to believe we need to make one more low for the larger Wave A. The target:...
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the...
After A GoOd Bulish MOve NOw AUDUSD looking Bearish Under Resistance Forming Double Top Chart PatTern Expecting 300 To 400 PIPs Bearish MOve
Inflation is still high and the next increase in the interest rate due to the effectiveness of this tool will put pressure on currencies against the dollar. Yesterday's price jump will return to balance the market.
AUDUSD formed a good descending channel, price reaches major resistance area and price is currently respecting it, we are in corrective move and overall direction is bearish. Dollar index is in corrective move and overall direction is bullish and price is currently on major support zone, AUD basket formed a bearish frag pattern on 24 hour time-frame. that gives...