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Aussiedollar

AW Aussie Dollar Analysis - Impulsive Price Action Has Begun...Price action is really starting to prove itself now on the back of my recent US Dollar analysis. I believe that the Aussie dollar will advance at a very significant pace during this move compared to other currencies. The plan for this trade will be purely for Wave 3 price action. The target will be the 2.618 extension of Wave 1 which is around 1.15. It's definitely a big trade and one that takes confidence to see out to the end. A good solid understanding of the waves is the reason I believe this Wave E can make it that far with only Wave 3 completed. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
1
AW AUDUSD Analysis - My Count Was Wrong But I'm Still Long...I was wrong about the count, but I could still be right about the trade. My stop has not moved from the lows, and I still expect a move higher. I never let a bad count get in the way of profits, besides this trade could last a while if it works out. We still need to see a break of 69 cents for the proper confirmation to occur. Keeping it simple from here on out in this count without all the 1-2 subdivision nonsense. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
2
AW Aussie Dollar Analysis - This Next Move is Important...One may assume that these patterns unfolding are just a bunch of zig-zags on the chart and nothing more. According to AriasWave these are not zig-zags and in this video I explain why. Zig-zag patterns from in a particular way which is not what is happening here. What we have been seeing here is corrections expanding making them look like zig-zags. This is the key to the understanding the whole setup. I do however see volatility increasing which indicates strength ahead once we break through the important levels. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
AW Aussie Dollar Analysis - Watch Out for These Levels...As the Aussie dollar continues to prove itself within the patterns, we should now anticipate a third-of-a-third wave. All of the 1-2 subdivisions appear to be in place for us to see the expected move higher. We just need to see a couple of levels surpassed before we have full confirmation. Through this time, we also need to see price move up in a very strong impulsive manner. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
AW Aussie Dollar Analysis - Quick Breakdown of This Trade...This video is a recap of the long trade setup that I alluded to a few days ago. So far price action at the small degree points to higher prices over the coming week and beyond. I will begin to focus on potential targets as we get confirmation with a strong break of .69 cents. My stop at this point remains at .66283 until we get that confirmation and then it can be moved to .67104. I like to highlight the level of detail you can drill down to at the smaller degree in order to build confidence in the trade. I also point out potential issues with the identification of the wave structure in order to add credence. See the previous related videos linked down below. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
3
$AUD - 2023 🐂$AUD - 2023 🐂 Happy New Year! May this year ahead of yours be full of trading opportunities and most importantly great health. $AUDUSD - C&H (Cup & Handle pattern) If this carries on playing out we have great zones we can take opportunities on. Watch out for 2023 I am bearish the dollar and bullish all commodity FX pairs! However, don't forget about your trading plan and most important implement your risk management skills. It's going to be a very volatile year with CB's divergences and various other factors, but again with great volatility gives us traders opportunities! Fear not. Key tip: Get a good R/R. Have a great year ahead. All the best, Trade Journal Disclaimer: Not Investment Advice
Long
by Trade_Journal
AW Aussie Dollar Analysis - Signs of Huge Rally Chart...Here is an updated chart from yesterday that clearly shows a C-D-E pattern with an impulsive break of the start of Wave E. Anyone can label a chart, but I think it's good to label a Wave ii (for example) once there is this type of confirmation. From here it is expected that an impulsive move continues to push higher and higher. If this is a third wave, then it should not take that long to prove itself. Key phrase: Prove itself. A market should prove itself to you by giving you evidence of being in line with that particular wave's usual characteristics. We all know Wave 3's are the strongest part of a move therefore it should be showing signs of strength and agility. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Long
by AriasWave
2
AW Aussie Dollar Analysis - Resumption of Downtrend Incoming...In this video I reintroduce Aussie dollar analysis in preparation for what is a resumption of the long-term downtrend. This is another example of how all FIAT currencies are losing value against the US Dollar. It doesn't mean that the US Dollar isn't losing value, it just means that relative to other FIAT currencies, it is the strongest during this period. The extra data that is now available on TradingView for this pair has made it easier for me to illustrate my current interpretation. As I haven't covered the Aussie dollar for quite some time, I also cover the long-term view in this video. As mentioned in the video, I will link the US Dollar video so you can see how the view is in-line with that view. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
by AriasWave
11
AUThis was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons that our forecast was inline with the market. Still a good way to sharpen skills when waiting for your watchlist to give your setups, it also stops you from seeing things on your watchlist that don't exist.
Short
by Mhangwane1
AUD/USD coils up ahead of the retail sales and RBA's MPSThe Aussie fell to below the 0.6300 target zone yesterday (marked by last week's VPOC - or volume point of control) With the RBA's quarterly MPS (monetary policy statement) and retail sales released at today at 11:30 AEDT, perhaps upgraded inflation forecasts can give the Aussie a bump higher. But whilst prices remain beneath the monthly pivot point, such bounces are likely to appeal to bears for swing trade shorts. However, the US dollar remains a force to be reckoned with so the core view on AUD remains bearish given the RBA's lack of hawkish interest (on a relative basis). A break of yesterday's low assumes bearish continuation and brings the support zone around 0.6200 into focus for bears.
Short
by CityIndex
2
Fading the rally on AUDUSDAUDUSD - Intraday - We look to Sell at 0.6400 (stop at 0.6450) We are trading at oversold extremes. A Doji-style candle has been posted from the base. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. The 200-period moving average should provide resistance at 0.6410. We, therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.6250 and 0.6170 Resistance: 0.6400 / 0.6540 / 0.6655 Support: 0.6170 / 0.6000 / 0.5800 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
Joe Gun2Head Trade - AUDUSD forming a short term bottom?Trade Idea: Buying AUDUSD Reasoning: AUDUSD forming a short term bottom? Entry Level: 0.6535 Take Profit Level: 0.6651 Stop Loss: 0.6484 Risk/Reward: 2.25:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre