HOW TO reverse AUDNZDUsing POW reversal strategy on this trading idea.
Working AUDNZD on the 30M
Strategy is set to work my chosen session times hence red shading showing when I don't trade.
Chart shows a label which details all trade rules for the current live trade.
That trade is another short trade like the previous trade which can be seen on chart.
Blue lines show TP points, Red lines are SL points and yellow lines are my entry points.
Good reverse scalping strategy with stats to back it up.
Aussiedollar
AUD/USD -9/5/2022-• Aussie is declining along with most currencies against the dollar
• Technically, the pair broke two major support levels
• First level was the round number 0.70 and second one was 0.6960
• Bears now target 0.680 figure
• Downtrend is clear, highlighted by the descending channel in the chart above
AUDUSD Solid Short Position.💥 Entry for a nice swing trade Hi !
I've closed all positions, I only have AUDUSD @0.7520 Short position.
The price action shows a slow down in the new high highs and new lower highs.
I'm entering before confirmation ( disclaimer : this is not a trading advice )
I have same SL and TP as my chart.
If you like or share any opinion on AUDUSD.
Comment and like !
Thanks for reading
Carlos
Friday Counter attack Plan. US BullishHi,
The weekend is near, since I felt like thing's will retrieve a bit a US seem' to be gaining field I decided to hedge my theory by on the Aussie pair.
So I just started a short of AUDUSD at 0.7515 the equivalent of my weight on my USDCAD short at 1.2575 ( reduced at 1.25275 ).
This is not a trading advice, is just a gut feeling that I am recording for my purpose only,
If you have an idea or share the same or different opinion don't hesitate to comment, like or share !
Thanks for reading.
Carlos
AUDUSD AnalysisIF AUDUSD is able to breaking the trendline it is nice idea to wait for the retest of the broken structure turning to be resistance.
if the market is able to continue its uptrend, I am not buying it, just seeing if the price is able to turn into a selling mode.
Though its going against the trend, let us be very careful about the risk on this setup.
What do you think on this analysis?
AUD/USD!!!! BILLISH SWING TRADE!!! ACTIVE!!!AUD/USD has now done an 12% pullback
It has respected horizontal support.
It has printed bullish engulfing candle.
Bullish divergence.
Entry : $0.71774
Stop loss: $0.68180
Target 1: $75366
Target 2: $0.78950
Target 3: $0.86130
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution
Big tings a gwan for DXY, A/U, A/C, XAU, BTC, ETH, TotalMC!To summarise
DXY failed to make higher highs and then had one last attempt and rejected off key levels on the monthly time frames, creating a failed higher high. It looks like it is wanting to continue its long term channel structure.
But we have to be vigilant to the downside as it could still make a higher low and push higher and break out.
We will watch for the 92 level.
A/U
Made a higher low on the macro time frames, this could be the start of a new long term up trend and this previous downtrend we were in, being a correction to the new uptrend.
We need to break 0.78250 for confirmation of new macro up trend and can trade up to this in the mean time.
Monthly looks bullish
A/C
Potential new higher low on the macro time frame! We have been making higher lows.
I am looking for a retest of the 61.80 on the lower time frames, thats creates a higher low to take longs. Up side targets are plentyful.
Something like this on the shorter frames.
Uptrend confirmed once we break these levels
XAU
Potentially in a bullflag that should break to make ATHs. This correlates with the DXY being bearish.
BTC
Technically we are still in a uptrend and have made higher lows. We have reacted off the 61.80 but need to break the 61.80 on the upside and make new highs to continue the bull market. Will be observing the 60k region. If we fail to make higher highs I am out of the crypto market.
ETH
Same again but with stronger buying pressure. We are still within an uptrend until we fail to make higher highs.
Total Market Cap
same as above but with less sales pressure.
Fundamentally, the increase of price in these assets makes sense with the current inflation narrative.
This is purely opinion and not financial advice. Most of this analysis is done on candles that have not closed yet, until we have confirmation nothing is certain!
AUDUSD ready to resume decline?AUD/USD appears poised to break support at 0.7171, which may set the stage for a run at the 0.70 figure.
A daily close below support might serve as confirmation that December's corrective upswing has ended and the structural decline defining much of 2021 has resumed.
A dense block of congestion-area resistance runs up into 0.7343.