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AUDUSD trade ideas

Trading AUDUSD | Judas Swing Strategy 29/01/2024Last week was a slow one for the Judas Swing strategy, with only a single trade across our key currency pairs—GBPUSD, EURUSD, AUDUSD, and NZDUSD. But here’s the good part: that one trade was a winner, closing the week up 2% This is a perfect example of why sticking to your strategy matters. We didn’t force trades just because opportunities were scarce. Instead, we trusted our tested system and the data behind it. In trading, discipline is everything, short-term fluctuations don’t matter as much as the long-term edge. By staying patient and following the plan, we set ourselves up for consistent success. In this post, we’ll walk you through the entire process, from setup to outcome and share key insights from these trades By 8:25 EST, we were already at our desks, prepping for the session. As always, we marked out our key zones, patiently waiting for either the high or low to be swept to establish a directional bias. By 8:45 EST, price had already taken out the liquidity resting at the low of our zone—our cue to start looking for potential buying opportunities With our bias established, we don’t just jump into trades, we wait for our key conditions to be met: 1. Break of structure to the buy side 2. A Fair Value Gap (FVG) must be left behind 3. Price must retrace into the FVG Until all three conditions align, no trade is taken. Even if two out of three are met, we stay on the sidelines. Following this plan ensures we only take high-probability setups. By the close of the 9:35 EST candle, all the conditions on our entry checklist were met, confirming a valid trade setup. We executed the trade with a 1% risk on our account, aiming for a 2% return Entry: 0.62168 Stop Loss: 0.62058 Take Profit: 0.62368 Now, it’s all about letting the trade play out according to the plan After executing the trade, we saw minimal drawdown as price moved smoothly, printing higher highs (HHs) and higher lows (HLs), perfect for our buy position. A sharp drop suddenly sent price back to our entry point. But instead of pushing down further, price quickly rejected that level, leaving wicks behind before reversing back in our favor. This trade is a prime example of why we don’t move our stop loss to breakeven just because a trade is moving well. Through extensive backtesting, we've observed for this strategy that these temporary pullbacks happen often, and in most cases, the trade still plays out as expected. Of course, there are times when price fully reverses and hits our stop loss but that doesn't happen often. Our patience paid off as our 1% risk translated into a 2% return, proving once again that disciplined execution and sticking to the plan yield results.
by CleoFinance
AUDUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on AUD/USD with you. Based on the current market structure, I anticipate further bearish movement in AUD/USD. My target for it is within the zone of 0.60800 to 0.60370. However, if AUD/USD breaks above 0.62624 on the 1H timeframe, I expect it to push higher toward 0.63362. 📉 Expectation: Bearish continuation towards 0.60800–0.60370, unless the 0.62624 level is broken. In that case, a bullish move towards 0.63362 is expected. 💡 Key Levels to Watch: Resistance: 0.62624 (breakout), 0.63362 Support: 0.60800–0.60370 💬 What’s your view on the AUD/USD this week? Share your thoughts in the comments below! Trade safe
Short
by PouyanTradeFX
8
Potential Diamond Bottom Pattern on AUD/USDFollowing a 12% plunge since topping out at US$0.6942 at the beginning of October 2024 – with pullbacks few and far between – the AUD/USD (Australian dollar versus the US dollar) is pencilling in what appears to be a diamond bottom pattern around US$0.6150ish (made up of a broadening formation and a possible symmetrical triangle). What’s technically interesting from the daily chart is that the diamond bottom is forming from monthly support coming in at US$0.6094. Following at least two tests of the symmetrical triangle outer edges on each side, should this pattern complete – price breakout to the upside – strong moves higher could be prompted once established.
Long
by FPMarkets
AUD/USD: Battle at .6262 – Bounce or Breakdown Ahead?AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session. If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level opening the door for a run towards .6337. However, a clean break of .6262 could see the setup flipped, with shorts placed below the level with a stop above for protection. .6170 screens as one possible target with .6088 the next after that. Momentum indicators are providing mixed signals with RSI (14) trending lower while MACD has resumed its climb higher. Based on price action earlier in the week, a bullish bias is marginally favoured overall. Good luck! DS
by FOREXcom
Bearish drop?The Aussie (AUD/USD) is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support level. Pivot: 0.6285 1st Support: 0.6237 1st Resistance: 0.6330 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Short then longPrice has broken thru last resistance which is green box on bottom Sell down to green box which is now support once price reaches there buy this par and take profits all the way at the top the purple lines on top which is where the next major reversal floor resistance is How 🤔 ever if price breaks thru the green box wait for a pullback to green box and sell down to the next level of support How 🤔 ever if price breaks thru resistance the orange lines above wait for a pullback to orange lines and buy this pair and take profits at the purple lines on top
Short
by SETITAND4GETIT
1
AUDUSD InsightWelcome, subscribers! Please share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - The Trump administration’s additional 10% universal tariff on China officially took effect on the 4th, with China immediately announcing retaliatory measures. - Since Trump’s tariff policy is being used as a negotiation tactic, a phone call with Xi Jinping is expected soon. - Maroš Šefčovič, the European Commission's Trade Commissioner, stated that the EU is ready to cooperate with the U.S. immediately. He expressed hope that early negotiations could prevent disruptions to the most important trade and investment relationship in the world, signaling a preemptive conciliatory gesture. - Australia's Q4 inflation rate fell short of expectations, approaching the Reserve Bank of Australia’s target range of 2-3%. The market broadly anticipates a 0.25% rate cut at the RBA's monetary policy meeting on February 18. Key Economic Events This Week + February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change + February 6: Bank of England Interest Rate Decision + February 7: U.S. January Nonfarm Payrolls, Unemployment Rate AUDUSD Chart Analysis After a recent sharp decline, the AUDUSD fell to the 0.61000 level but has rebounded steeply with support from the trendline. The next resistance is around the 0.63000 level, but since this has already been breached once, it is expected to break through easily. The upward trend is likely to continue toward the 0.64000 level. However, a reversal is anticipated around this range, potentially driving the price back down to the 0.60000 level. If movements differ from these expectations, we will quickly adjust our strategy.
Long
by shawntime_academy
Could the Aussie reverse from here?The price is rising towards the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.6285 1st Support: 0.6225 1st Resistance: 0.6330 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Bullish Scenario Breakdown📢 Hey traders, friends, and companions! Hello everyone! It’s been a while—about 6–7 months since my last post—and I’ve missed sharing my insights with you. I hope you're all doing well and having a successful trading week! Lately, I’ve been analyzing the long-term outlook for AUD/USD, and I’d like to share my thoughts based on Elliott Wave Theory. As always, this perspective is shaped by the current price structure, and of course, everything depends on the strength or weakness of DXY (US Dollar Index). 🔍 Market Outlook 📌 If the DXY weakens, we could see strong bullish momentum in AUD/USD, with impulsive waves developing toward higher targets. 📌 If the DXY strengthens, then we may experience further declines in AUD/USD and other USD-based pairs. 💡 From my experience, the Australian and New Zealand dollars tend to react faster to DXY movements compared to other pairs, creating sharp and significant price swings. 🔄 Bullish Scenario Breakdown ✅ Key trigger: A strong breakout above the aggressive bullish zone. ✅ Next step: A corrective pattern, forming the base for the next impulsive rally. ✅ First Target Range: If the bullish scenario plays out, we could see price movement toward the first target zone, with potential corrections along the way. ✅ Final Thought: If the DXY shows strength, I’ll definitely update this analysis to reflect any changes. I’d love to hear your thoughts! What’s your outlook on AUD/USD? Let me know in the comments below. 📊 If you found this analysis valuable, don’t forget to like, follow, and share to stay updated with my latest insights! More market breakdowns coming soon. Stay sharp and trade wisely! 🚀🔥
Long
by Mehdi_Abbasi_EWP