AUDUSD consolidating. Wait for a break AUDUSD
Fist time we see it closing below asia open, not suggesting a possible reversal but market has started consolidating after a touch on the weekly supply demand. Clearly on a consolidation on htf at the moment and trading inside bar on daily tf (switch to daily chart)>
1h & Weekly.
1h & 4h current consolidation range. A break of this htf range could show where we will likely go.
Audusdforecast
AUDUSD Long Term Predictions (4H Chart)Technical Analysis Summary
AUD/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
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Yemi_Fx1 | Long opportunity on AUDUSDThe pair is moving and trading In an ascending channel, we can see that the current price pattern(Bull flag) is a additional confluence. Looking forward for price to print a signal (buy candlestick) at the lower dynamic trendline.
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AUDUSDAUDUSD - Interesting look
It is very interesting range forming, we got pattern, we are at key resistance on higher time frame, within in a channel + TL but it's a waiting game on this and I think many take time it may break next week FOMC, I think that's when all FX majors will break out to either direction further. You can't predict what the FOMC are going to state, you can look at CME FedWatch Tool, which is useful but Powells commentary you can't predict that unfortunately...
So what's the plan In-between now and then I trade within the ranges that would be lower time frames until this breaks either direction and then you got think to yourself 1. Is this a false break out either direction? 2. What made it break out was it more DXY move etc There are many other factors to take into consideration. That's where your OWN plan comes into execution. It's really important to not follow these marketing signal providers, trading gurus that try sell you expensive courses, they not worth it and various fancy indicators etc. There are many out there, but that's not what's going to make you successful in trading that's the reality but a trading plan of your own, that's when you're set for life!
If it breaks below technically the 200 EMA is your target area and break above that psych level .7200 areas is target areas.
A great trader once told me, "Don't make your PnL on a Friday".
Have a great weekend,
Trade Journal
AUDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD-Hello Traders, hope you all are progressing and improving everyday so am I, here is quick look on #audusd the pair has been bullish ever since we had NFPs and CPI data, however, as we are expecting DXY to be bullish, in our opinion there is higher probability of dxy to be bullish in coming days and hey, trading is all about proability and knowledge right?. So let's use this setup to book some profit.
-What you all think about this pair?
-It would be really appreciated if you can show the support by liking the idea and following us!!!
AUDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#AUDUSD- SHORT EXPECTING THIS MOVE!-After recent data (CPI/INTIAL JOB LESS CLAIMS) we have now clear understanding of #DXY/
-DATA projected that 6.5% CPI which is an prediction of FED ensuring that they are not looking to increase rate hikes any time soon.
-Expecting DXY will continue falling until it reaches 100.00 price area zone.