Bearish drop off 61.8% Fibonacci resistance?AUD/USD has rejected off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could potentially drop from this level to our take profit.
Entry: 0.6319
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6345
Why we like it:
There is a pullback resistance that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.6281
Why we like it:
There is a pullback support that line sup with the 78.6% Fibonacci retracement.
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AUDUSD trade ideas
AUDUSD triangle pattern suggests a big move is comingAUDUSD has been consolidating in a triangle pattern, suggesting a breakout is near—likely within weeks. A bullish breakout could target 0.6393, with potential for a 229-pip move. A bearish break is also possible but less clear. The setup offers strong risk-reward, with examples showing a 5.6x ratio.
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Long - AUD/USDThere is a potential CHOCH that was formed in the 4 hour timeframe market structure. This clearly indicates that the price is ready to change direction especially when there is a strong bullish reversal candle in the 4 hour timeframe. I will be looking for a long position within the set zone and wait for confirmations.
If the price does not retrace to set given zones I will not force my entry.
Short Idea - AUDUSDTrade entered. Entry rules met.
Confluences:
✅ Bearish overall bias
✅ Bearish demand zone
✅ Bearish ABCD extension pattern
✅ Bearish divergence
✅ Bearish break of structure
✅ Entering London close zone
✅ Price is in entry zone
✅ Required risk:reward met
⭐ I shared this watch zone in my weekly forex outlook this week, you can subscribe by clicking the link in my bio.
AUD/USD Bullish Breakout Setup – Key Levels & Trade PlanThe 4H timeframe shows AUD/USD trading within an ascending triangle, indicating a potential bullish breakout.
The price is respecting the rising trendline, showing strong demand at support levels.
Key resistance at 0.6402 is a crucial breakout level for further bullish momentum.
Trade Setup & Levels:
Entry Zone: Above 0.6320 (trendline support)
Target 1 (TP1): 0.6402 (previous high & resistance)
Target 2 (TP2): 0.6686 (Fibonacci 70% extension)
Stop Loss (SL): Below 0.6195 (structure support)
Bullish Confirmation Factors:
✅ Breakout above key resistance will confirm a bullish rally.
✅ Trendline support holding strong, preventing deeper pullbacks.
✅ Higher lows formation, signaling continued upward pressure.
Conclusion:
A breakout above 0.6402 will confirm further upside potential. If the price sustains above this level, we expect a move toward 0.6686, aligning with Fibonacci confluence and historical resistance. 🚀
AUD/USD (1H) Analysis & Key Levels📊 AUD/USD (1H) Analysis & Key Levels
🔵 Current Price: 0.62900
🟢 Demand Zone (Support): 0.6250 - 0.6275
🔴 Resistance Levels:
0.63060 (Breakout level)
0.63628 (Major resistance/target)
🔍 Possible Scenarios:
1️⃣ Bullish Case: If price breaks and retests 0.63060, it could push towards 0.63628 as the next resistance.
2️⃣ Bearish Case: If price fails to break above 0.63060, it may retrace back to the demand zone (0.6250 - 0.6275) for another attempt.
💡 Trading Plan:
✅ Look for bullish confirmations at 0.63060 for a long position.
✅ Watch for rejection at resistance for potential pullbacks.
✅ A strong rejection at 0.63628 could signal a reversal.
#FxFOREVER #FXF #AUDUSD #Priceaction
AUDUSD MONTHLY DIRECTION 25 MARCH 2025 / AUDUSD MONTHLY ( SWING POSITION)
as in the chart above. i can see that march already make its highest level during two first week of march and climb down all the way down to support zone since beginning of third week and the closing price is in support zone ( purple support zone).
important points
1) month already make its highest price.
2) and climb down to the support zone = retracement.
3) at the support zone in 12H timeframe, we can see that price reacted bullish engulfing at support zone.
4) this bullish engulfing happened at lower equidistant channel line.
5) strong and Good technical analysis tools confluence.
entry:
entry at support zone with 60-70 pips stoploss.
take profit set to 140 pips which is measured in RRR will be 1:2 ( it can be more than that)
possibility that price go against analysis.
1) i dont involve much in fundamental analysis but im sure that in a monthly timeframe analysis or swing position. since this analysis is for april movement. yes! Many high impact news probably can effect this analysis.
AUDUSD INTRADAY consolidation range support retest at 0.6260The AUDUSD currency pair is exhibiting bullish sentiment, driven by the prevailing uptrend. The recent intraday price action indicates a corrective pullback towards a previous resistance zone, which has now transformed into new support. This pattern suggests that the pair may be consolidating before resuming its upward momentum.
Key Trading Levels:
Support Level: The critical support level to monitor is 0.6260, representing the previous consolidation price range.
Upside Targets: A corrective pullback from current levels, followed by a bullish rebound from the 0.6260 level, could set the stage for an upward move targeting resistance levels at 0.6356, followed by 0.6408 and 0.6440 over a longer timeframe.
Alternative Bearish Scenario:
A confirmed break and daily close below the 0.6260 support level would negate the bullish outlook, potentially signaling a deeper retracement. In this scenario, the pair could move towards the support levels at 0.6220, 0.6190, and 0.6170.
Conclusion:
The current sentiment remains bullish, with the 0.6260 level acting as a pivotal support point. A successful bounce from this level could reaffirm the uptrend and prompt further bullish continuation. Conversely, a breakdown and close below this support would signal a potential bearish shift, warranting caution and possible repositioning.
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AUDUSDLast week we ended up taking a -0.83% loss due to impatience. Lesson learned and now we are on to a new week. Only one pair on the watchlist but it is a good one! All timeframes in sync. Price at the zone and EMA. With price clearly bearish and the move into the zone already happened we are just looking for a entry signal.
AUDUSD BUYWe have a specific type of divergence on the 1-hour timeframe ⏳, indicating a potential drop 📉 in the higher timeframe. On the other hand, the lower 15-minute timeframe 🕒 gives us a buying perspective 📈. So, the analysis will be as shown in the image.
#audusd #ForexTrading #PriceAction #ForexSignals #TradingAnalysis 💹