AUD/USD – Short Entry @ 0.63426
Entry Justification
Price approached a well-defined resistance zone with momentum, aggressively sweeping through all visible fair value gaps without meaningful rejection, signaling liquidity grab behavior. The rally was ultimately capped just beneath a higher time frame supply area, where sell-side pressure emerged.
During yesterday’s NY session, price stalled and left clear signs of exhaustion. Today’s Asia session provided the technical confirmation needed — a clean Break of Structure on the intraday entry timeframe, signaling the end of the bullish leg and offering alignment with the higher timeframe bearish narrative.
Macro Alignment
- RBA remains dovish with no clear path to tightening
- Risk-off sentiment driven by macro (China tariffs, soft commodities, USD resilience)
- AUD remains fundamentally weak relative to USD in current conditions
Trade Logic
- Resistance test and liquidity sweep
- Break of structure post-liquidity event
- Aligned with macro bearish bias and current market sentiment
- Entry taken on confirmation of shift in order flow during low-volume session (Asia), offering optimal R:R
Risk Management Note
- Hold remainder through CPI only if price action remains clean and reactive to USD data
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.