AUD/USD Multi-Timeframe analysis (UPDATE)Hi Traders
Quick Update
H4 Chart
Target 1 at 0.78522 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.77726 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support Resistance
0.77552 0.77708
0.77119 0.78044
0.75630 0.78522
Audusdbuy
AUD/USD Multi-Timeframe analysisHi Traders
AUD/USD Multi-Timeframe analysis
H1 CHART
A very low probability, entry signal to go LONG was given at 0.77726 after the market completed a bear trap reversal pattern. Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances
0.77578 0.77737
0.77234 0.77868
0.77058 0.78044
H4 CHART
A low probability, entry signal to go LONG was given at 0.77726 after the market found support at 0.77215 . Only the downward break of 0.77215 would cancel the bullish scenario.
Support & Resistances
0.77552 0.77708
0.77119 0.78044
0.75630 0.78522
DAILY CHART
The market is approaching the resistance at 0.78193 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 0.79418 level.
Support & Resistances
0.77879 0.78193
0.76654 0.79418
0.75630 0.80442
WEEKLY CHART
Waiting for a retracement lower towards the 0.74128 support level, in order to reinstate LONG positions. Next important support is the 0.69903 level.
Support & Resistances
0.74128 0.78193
0.69903 0.80846
0.55060 0.87733
AUD/USD MORE BUY OPPORTUNITES!Technical Overview: - AUD/USD
Check out our previous posted analysis
As mentioned, we have tapped into our POI which is where was buy orders resting from the big suits and ties
Many people don't realize the amount of R:R they can make by simply following simple rules.
We do anticipate price to come down to give us a chance to enter targeting upside.
If you are a seller it is a good time to sell, but we want to be be trading with the flow and it is currently up.
From a smaller time frame we are expecting to continue this bullish run however we are not able to enter unless we get price falling down to our buy potential points of interest.
If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish momentum.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
AUD/USD AT ResistanceThis has hit take profit on my previous posts for this pair. Now looking for a move that will give another chance the re-enter a long. Either this will continue to rise through resistance and then when it retraces and tests that level as support a long can be entered. Or it will retrace from the current price and offer a lower level to enter, although this is riskier as it will still need to pass resistance.
TP - 0.80662
AUDUSD, 4hr tf, Elliott wave sell and buy planHello my friends,
I am sharing my trading plan for AUDUSD.
As you can see, i used elliott wave theory to forecast AUDUSD movement.
In my opinion, price completed wave-iii. We could see price retrace towads 0.7670-0.7690 area.
I sold AUDUSD at 0.7735 aiming to capitalize wave-iv movement.
My take profit is around 0.7690 which is 2.25R setup.
After price complete with wave-iv, we could then expect buy opportunity with take profit target at 0.7800 resistance.
If price manage to retrace towards 50% fibonacci level, it will be a good opportunity to buy with stop loss using wave-i top.
My plan for buy is to buy AUDUSD around 0.7670
Stop loss 0.7645
Take profit 0.7800 (5.2R)
For both trades, i only use 1-2% risk.
Good luck
AUD/USD Has Broken out, Retrace Another Chance to LongSince my last update on this pair it has broken out as I expected. It is now retracing to the neckline marked with the blue line, this would be another chance to long if you are not already longing this pair. My target on this is 0.80548 although if you are looking for a more short term trade then the previous top of 0.78203 is also a good TP to aim for.
AUD/USD Looking Good to LongThis seems to have held at support and is now looking safe to go long on. EMA's are about to cross, MACD is still below 0 but looks like a strong upward movement is happening to take it back above. You could wait for a couple more candles to close for confirmation of this if cautious. TP is set at 0.80548 although there are higher peaks at this level. SL just below the low of support.
TP - 0.80548
SL - 0.75540
AUD/USD Still Hovering Around SupportThis is still holding up around the support level. Its still looking quite bearish to me so it could break lower to the next support which aligns with 0.5 Fibonacci. If this happens anywhere between 0.382 and 0.5 FIb could be a good buy area but we would still need to wait for confirmation in the form of a rejection.
If the current support continues to hold then we need to see a clear rejection from this level and a more bullish setup on MACD and EMA's before entering a long to the target of 0.80500 to 0.81360
AUD/USD Testing SupportThis is testing a support level, if it holds then a long can be taken to the next resistance around 0.80600. The environment is still very bearish as can be seen on the MACD but if the support continues to hold and it turns more bullish on MACD and EMA's then a long can be entered. SL just below to the lowest point of support and TP at 0.80600. Must wait for confirmation.
AUD/USD Has Retraced to Support, Time to LongThis has retraced to the support level, I would wait for this to drop a touch more to the bottom of the current wick at 0.76692 before considering entering a long position. SL below the low of the support area and TP at the previous high. As previously stated I do expect this to continue rising in the longer term also.
AUD/USD 1H👋 Hello and welcome traders to another trade
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AUDUSD - SWING - 20. JANU. 2021Welcome to our weekly trade setup ( AUDUSD )!
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1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Strong waving market structure...
DAILY
Good long entries and price pressure.
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FOREX SWING
BUY AUDUSD
ENTRY LEVEL @ 0.77210
SL @ 0.76740
TP @ 0.77890
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN