Audusdidea
AUDUSD: 21/11/2023 UPDATEDear Traders,
AUDUSD has broke down the bearish trend and currently making higher highs indicating further buying control in coming days, therefore here we have got a third entry for buying AUDUSD, if you have missed first two. Enter with accurate risk management and do your own research while considering taking any buying position with AUDUSD.
AUDUSD BUYAUDUSD is currently breaking the lower high area of the descending channel on the daily timeframe. Additionally, a Cup and Handle formation is visible on the 4-hour chart, indicating a potential bullish continuation.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📣 Like and Share for More Insights! 🔄✨
AUDUSD Technical Analysis And Trade IdeaThe AUDUSD pair has been showcasing a robust bullish trend recently. Our focal point narrows down to the 1D and 4H time frames, strategically aiming to pinpoint the most advantageous entry positions amidst a substantial price swing that is expected to undergo a retracement phase.
Our primary focus revolves around identifying retracement levels within the 50% to 61.8% Fibonacci zone, an area we favor for optimal entry opportunities. This video delves into the intricacies of price action, market structure, and overarching trends, unveiling pivotal insights into technical analysis.
Throughout this analysis, we delve into crucial elements: market structure dynamics, nuances of price action, trends' patterns, and fundamental technical analysis components. It is crucial to underline that this content serves purely educational purposes. Therefore, it is imperative to refrain from interpreting it as financial advice.
BluetonaFX - AUDUSD Double Bottom OpportunityHi Traders!
AUDUSD looks bullish. There is a double bottom forming on the chart, and there are opportunities for long entires.
Here are the details:
The market is currently holding above the price rejection support level of 0.65710.
Preferred Direction: Buy
Entry Level: 0.65737
Stop Level: 0.65494
Target Level: 0.66302
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD: Currency market update: USD decreased slightly, AUD AUDUSD rose 0.28% to 0.6635 following China PMI data. Manufacturing activities had their second consecutive month of decline while non-manufacturing activities bottomed out for the year. With such a situation, the market expects China to announce more economic stimulus measures
BluetonaFX - AUDUSD More Upside Potential After Resistance BreakHi Traders!
AUDUSD continues to trade with bullish momentum, and there is potential for further upside targets as the market has broken above its three-month range zone.
Price Action 📊
After breaking above the range zone resistance at 0.65230, the market re-tested the resistance break as support, and the support held successfully. The price action looks very bullish, and our plan is to buy market dips to target further upsides.
Fundamental Analysis 📰
The minutes from the November 7th Reserve Bank of Australia meeting revealed a very close call to increase rates by another 25 basis points with the goal of curbing inflation. Governor Bullock warned that prices are ‘rising strongly for the majority of the goods and services we all consume.’ She also suggested that interest rates in Australia would remain high.
Support 📉
0.65230: PREVIOUS RANGE ZONE RESISTANCE
Resistance 📈
0.65896: WEEKLY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
audusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AUD/USD 3 Entries +750 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BluetonaFX - AUDUSD Third Attempt at Range Zone ResistanceHi Traders!
AUDUSD has reached the resistance of its range zone, and there is potential for a resistance break if the bullish momentum continues.
Price Action 📊
The price action looks bullish, with market swings showing higher highs and higher lows. The market broke and closed above the 20 EMA yesterday with huge momentum. Additionally, this is the third attempt at the range zone resistance, which indicates that buyers want to take the market upwards. We are looking for further bullish momentum, and our plan is to buy the market dips and retracements.
Fundamental Analysis 📰
Weaker than expected data has recently been coming out of the US, and this may be a sign of the US economy slowing down towards the end of the year. US retail sales are out later today, and if the figure is weaker than expected, traders will start to get increasingly nervous about the US dollar.
Support 📉
0.63604: PREVIOUS DAY'S LOW
Resistance 📈
0.65230: RANGE ZONE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUSSIE RALLY IS STARTING! [AUDUSD] LONG POSITIONIntroduction:
The AUD/USD currency pair is exhibiting compelling signals hinting at a potential trend reversal, with a particular focus on the recent price action and key technical levels.
Current Status:
As of the close of the New York session, the price has firmly held ground at 0.65100, maintaining its position above crucial support levels. A noteworthy observation on the daily timeframe is the rebound from the 31.8% Fibonacci retracement level, signaling resilience in the bullish sentiment.
Structural Shift:
The narrative evolves further when examining the structure of the market. From early November, there was a notable Break of Structure (BOS), suggesting a shift in market dynamics. However, as of November 16, a Change of Character (CHOC) is evident, signaling a potential reversal in the prevailing trend.
4-Hour Bullish Momentum:
Zooming into the 4-hour timeframe, candlestick patterns reflect a robust bullish trend. Multiple bullish candles with few wicks rejecting the 0.65150 zone, coupled with positive volume, create a compelling case for an imminent breakout. The 0.65150 level, appearing as a psychological barrier, is poised for a potential rupture.
Long Position Opportunity:
Considering the current dynamics, there appears to be a Long Position opportunity on the horizon. A favorable entry scenario is anticipated if the price successfully breaks the 0.65150 zone and undergoes a retest, confirming the newfound support. This setup presents a potential profit target of approximately 80 pips.
Intraday Insights:
During the overlap of the London and New York sessions, the price action adds another layer of intrigue. A Hammer candlestick followed by a Belt candlestick suggests a tussle between sellers and buyers. Despite the sellers' attempt to push the price down, the momentum from buyers appears to be gaining strength, setting the stage for a potential rally.
Conclusion:
In conclusion, the AUD/USD pair is displaying multiple indicators signaling a potential reversal and the initiation of a bullish trend. Traders are advised to closely monitor the 0.65150 zone for a breakout, and consider a Long Position with a retest confirmation. The recent price action, structural shifts, and intraday patterns collectively contribute to a compelling case for a rally in the Aussie.
AUDUSD Top-down analysis todayHello 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 Possible buy zone!AUD/USD currency pair. Breaking a downtrend and retesting support could indicate a potential trend reversal. Keep an eye on key levels and additional confirmation signals to assess the likelihood of a pump. Always consider the broader market context and risk management in your trading strategy.
AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates.
Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest.
Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties.
The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
AUD/USD +550 Pips 0 Drawdown , New Entry Valid For Next Week !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD Symmetrical Triangle BreakoutWe expect further upside on this pair, signalled by the symmetrical triangle channel pattern breakout. We can also see the formation of a new high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.