Weekly Recap with Atlas - Asset Review - Dec 13th 2024Weekly Recap with Atlas - Asset Review
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by: Atlas aka Noble.Mike.Jamison
AUDUSD.P trade ideas
AUDUSD Reversal ExpectedHello,
As highlighted in the previous analysis, OANDA:AUDUSD has tested support levels and established a new 1-year low at 0.63366. While upside is anticipated, confirmation will be needed. A reversal is expected.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUDUSDScared money never makes money.I found my self thinking that, but back to what matters.I called the trade before ,waited for my checklist to fill ,then went in .
I am now being patient .
audusd longaudusd long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
AUDUSD 4H SWING TRADE IDEAThe current overall direction for The Australian dollar is a downtrend with multiple ranges on the lower timeframes respectively while gathering liquidity points and levels to be taken out upwards before eventually moving back down in the upcoming weeks.
Current price: 0.63669
POI: 0.62697(If the price gets to this level, we should get a position if a signal appears)
[AUDUSD] Reversal long on daily levelAfter a rejection on major daily/weekly level, FX:AUDUSD is trying to change the structure to go higher.
Here is my first long entry for this swing position in construction.
Great Trade !
good position For buy AUDUSDgood position support zone For buy signal AUDUSD
now is risky
after break is low risk
AUDUSDTRADE UPDATE
Price looking to continue with the trend . I am being patient . Fridays are usually slow. I am going to wait.
AUDUSDTrade Idea.
Still hawking the AUDUSD pair as posted previously. Still looking to buy .
Price broke or manipulated previous day low , Now waiting for the current 30 minute candle to close bullish in order to think of an entry.Friday moves slow so I will have to monitor trade .
the 30 minute candle should tell us that we are breaking previous day close and trade my profit on previous day high.
posibility of uptrendThe price is expected to change direction within the current support range and begin an upward trend.
If the price breaks through the support range, a continuation of the downward trend is likely
AUDUSD 2H ShortBearish trend continuation on AUD/USD 2H chart, with price rejecting the Kijun-Sen and remaining below the Ichimoku cloud, confirming downside momentum. Entry near 0.635, stop at 0.638, and target at 0.633, aligning with the prevailing bearish trend. Chikou Span below price action adds further confirmation of bearish sentiment.
AUDUSD downside target 0.6270In the chart, AUDUSD is currently running below the downward trend line, and the bearish trend is obvious. Yesterday's market closed with a bearish pinbar pattern. Currently, you can pay attention to the area around 0.639. If the rebound is blocked, you can consider shorting. Pay attention to the support near 0.627 below.
AUDUSD H1 | Bullish Rise?Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.6357, which is an overlap support close to the 78.6% Fibo retracement.
Our take profit will be at 0.6382, which is a pullback sistance level.
The stop loss will be placed at 0.6333, which is below multi-swing low support level.
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AUDUSD LongThe AUDUSD pair has reached a zone with negligible volume where the price has shown multiple reactions on the weekly chart. A response at this level would be more than reasonable. Looking at the volume in the red circle look it ended the downside pressure at least in the short period.
3R Trade AUDUSDJust expecting a small move here. Possible there is a large move up and DXY starts to drop again but the trend on the higher term time frame has not confirmed that so just a quick scalp setup here.
Finally some relief for the Australian Dollar | FX ResearchUS CPI came in as expected on Wednesday, which has kept markets mostly confined to tighter consolidation. The data confirms expectations for another rate cut from the Fed next week. However, it also introduces the possibility that the Fed might be less accommodative in 2025.
Elsewhere, the Australian dollar has been benefiting from a strong wave of demand after sinking to a fresh yearly and multi-month low on Wednesday. Earlier today, Australian employment data came in much stronger than expected, leading to a less dovish repricing of RBA bets.
On Wednesday, the Bank of Canada proceeded with a 50 basis point rate cut. Interestingly, the Canadian dollar traded higher on the day, driven by the market's prior anticipation of the rate cut—classic "buy the rumor, sell the fact" behavior.
Key standouts on Thursday's calendar include the ECB policy decision, US producer prices, and US initial jobless claims.
Lingrid | AUDUSD trend CONTINUATION tradeThe price perfectly fulfills my last idea. It reached target. FX:AUDUSD is currently showing a bearish trend by a series of lower lows and lower closes. After pulling back from its support level, the market retested the resistance zone, only to fall back down. I expect the downtrend to continue, with the price likely to move further downwards. Notably, a long-tailed candle formed at the resistance zone, hinting at a potential reversal and trend continuation. I expect the price move below the psychological level at 0.64000 and retest the support zones. My goal is support zone around 0.63780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Audusd AUD/USD rises to 0.6392, buoyed by weak US labor market reports. US Initial Jobless Claims hit a two-month high, fueling speculation of continued Fed policy easing. Australian employment exceeds expectations with 35.6K jobs added in November, unemployment dips to 3.9%The AUD/USD rose sharply and print a daily high of 0.6429 following Aussie’s data, but it has trimmed its gains, as strong US PPI figures, hint that the Federal Reserve would adopt a cautious approach on reducing interest rates.
Momentum turned slightly bullish in the near-term, but overall, the trend Is tilted to the downside as the Relative Strength Index (RSI) is bearish.
If AUD/USD buyers reclaim 0.6400, the next resistance would be the 0.6500 mark. A breach of the latter will expose the 50-day Simple Moving Average (SMA) of 0.6568.
Conversely, if sellers stepped in and drag prices below the December 11 daily close of 0.6336, the pair might drop to 0.6300, before aiming toward October 23, 2023 swing low of 0.6270
AUDUSDI am still looking to buy people .As long as price does not go below my recent low , For me that is a new low . That for me screams a reversal . By that I will look for my entry checklist and look to buy.
Looking for a move upIf support holds at the hour, looking for a move up to .5 on FIB
Don't get greedy!
Always set a stop loss!
Tools:
Stoch RSI
MACD
DD
