SHORT ON AUDCADThis one for the more conservative trades, low risk high reward high probabilty setup on AUDCAD, Weekly Price action serving as the sponsor of our bearish sentiment.
Zone indicated for possible entry region after structure change confirmation on the lower timeframes (15m)
Goodluck Travellers and Beyond
Aud-usd
✨ AUDUSD: Curve Analysis (50m)✨TP5 @ 0.6485
TP4 @ 0.6470
TP3 @ 0.6425
TP2 @ 0.6395
TP1 @ 0.6350
BLO1 @ 0.6310 ⏳(moderate)
BLO2 @ 0.6285 ⏳(conservative)
ADDITIONAL INFO:
💵 You can DCA these Buy Orders
📈 Or just place the conservative position
🔑
BLO = Buy Limit Order
DCA = Dollar-Cost Average
PA = Price Action
PB = Pull Back
SLO = Sell Limit Order
⏳= PENDING
NOTE: Dollar-cost averaging (DCA) is an investment strategy in which a trader splits their position size into smaller position sizes at different price points. This strategy is designed to reduce the risk of buying at the wrong time and to lower the average cost per unit of currency.
AUDUSD Analysis 10-11-23The AUDUSD broke through from the upward trendline and the 50% retracement level due to the strength of the DXY overnight.
The RBA monetary policy statement released earlier today did little in terms of price volatility as it reinforced the view that the RBA hiked rates due to the recent increase in inflation growth.
As the AUDUSD currently trades under the 61.8% fib retracement level (0.6365), and further recovery in strength in the DXY is anticipated, look for the AUDUSD to trade down to the key support area of 0.6290.
However, it could be likely that the AUDUSD could first retrace briefly or consolidate along this level before trading lower.
AUDUSD to complete bearish orderflow?After consecutive breaks of weak lower lows with lower highs holding strong, a bearish 4h orderflow was evident. Price has been retracing and retesting supply zones up until the latest break of structure(which was too weak). Price has invalidated our latest supply zone and could be striving to reach for a previously unmitigated extreme supply with a huge imbalance below it. This then signals a potential complex pullback where price could use the extreme supply together with internal liquidity to fuel it's bearish expansion to take out the recent weak swing low. Fundamentals also forecast potential dollar strength gain on Friday afternoon, which is a confirmation of the analysis as it'd lead to a drop in most if not all dollar pairs.
AUDUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
AUDUSD - Short Trade Idea(Refer to my linked HTF analysis on AUDUSD)
I still have Interest in the Buyside Liquidity mentioned in my previous post on AUDUSD.
Price took out the annotated Sellside Liquidity, however, not by much. I'm expecting one more run lower with a proper Daily candle close before we move up towards the Buyside Liquidity.
I will be waiting for a convincing displacement that breaks structure to confirm this narrative. Before that, only scalps.
Bullish on the 1 HourWe made our trade analysis on this pair yesterday and we saw it play out our prediction.
This pair played out right according to our prediction.
We witnessed prices drop all the way to hit our 1 hour liquidity target. Market came very close to our 4 hour target but reversed Bullish.
On the 1 hour chart, the market has reversed Bullish. We have a new Panzy Pips Bolck (PB) to trade from and we have refined it to a small zone. Price is expected to drop into that zone. That is our first step to trading this pair. From that zone, we expect to see Bullish Reversals, to drive prices all the way up to our 1 hour liquidity target at 0.63790.
AUDUSD Buy confirmed if the 1D MA50 breaks.The AUDUSD pair has been trading within a Channel Down pattern since February 02. Yesterday it hit again Support 1 (0.62885) for the 3rd time in October and held it. The first hit was also on the Diverging Lower Lows trend-line of the Channel Down and even though there is still room before it hits the hard bottom of the pattern, the Bullish Divergence (Higher Lows) on the 1D RSI in the past 2 months, indicates that this is already a strong buying candidate.
If a 1D candle closes above the 1D MA50 (blue trend-line), something we haven't seen since July 31 2023, buying will be confirmed. Our target it at least the 0.5 Fibonacci retracement level at 0.66000. The June 16 rebound even hit the 0.618 Fibonacci retracement level, which currently is above the 1D MA200 (orange trend-line), a key long-term Resistance.
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✨ NEW: AUDUSD ✨ DAY TRADE ✨PA is already in the DEMAND ZONE, however, it's possible that it has a little more to go to the downside. So I've decided to TAKE A CHANCE at shorting low on the curve.
‼️ THIS IS AN AGGRESSIVE SHORTING OPPORTUNITY ‼️
SSO @ 0.6415 ⏳
TP1 @ 0.6315
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Downtrend Retracement
— CounterTrend: YES (aggressive risk trade)
AUDUSD BEARISH SETUP|LONGHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64100 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64100 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.63800 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.63800 resistance zone.
Trade safe, Joe.
AUDUSD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDUSD for a buying opportunity around 0.63600 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.63600 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.63400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.63400 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring AUDUSD for a selling opportunity around 0.64500 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64500 support and resistance area.
Trade safe, Joe.
AUDUSD Sell due to rejection on Channel TopAUDUSD got rejection at the top of the medium term Channel Down and closed on the MA50 (4h) on Friday.
This is negating a Golden Cross on the (4h) time frame.
Trading Plan:
1. Sell on the opening market price.
Targets:
1. 0.63300 (Support 1).
Tips:
1. The MACD (4h) is on the verge of a Sell Cross, the same kind after the previous two Lower Highs on the Channel.
Please like, follow and comment!!
Notes:
Past trading plan:
AUDUSD to stall at previous swing high?AUDUSD - Intraday
Buying pressure from 0.6331 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to sell into rallies.
Previous resistance located at 0.6510.
We look to Sell at 0.6510 (stop at 0.6540)
Our profit targets will be 0.6435 and 0.6315
Resistance: 0.6550 / 0.6625 / 0.6680
Support: 0.6340 / 0.6275 / 0.6185
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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AUDUSD Very strong buy on 1 month stretchAUDUSD has held the bottom of the 2+ year Channel Down for 7 weeks straight.
With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least.
This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100.
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