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Audusdidea

AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today. 🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443 🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by wolfsmt
AUDUSD BEAR FLAG 30/05/2023 IDEA UPDATEHi Traders! Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea. We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904. We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow. Please do not forget to comment, like and follow. We appreciate your support. Trade safely and responsibly. BluetonaFX
by BluetonaFX
2
AUDUSD 31May2023there is still a fairly strong bearish pressure, and there is no sign of a reversal. we can argue that the price entered wave 3 with the invalid area boundary in notation (4). special note, even though the price is likely to go up and higher than the invalid area, it does not necessarily mean that the price has reversed. the possibility is that the elliot notation is not correct and the price is still in a bearish period, it's just that he has an upward correction. so, be careful friends when deciding to go long later.
by Hokusai_FX
AUDUSD BEAR FLAG IDEAHi Traders! There is a bear flag setup here on the AUDUSD 4H chart. Since there was a price rejection at the 0.68182 level, we have continued down since then and we are now in a consolidation period. Looking at the price action, it indicates that the market wants to continue heading to the downside. We also have a longer term idea that supports this (link below). We are now waiting for confirmation of a break and close to the bottom of our bear flag at 0.64904. If we get this, then the next target will be 0.64500. As always, there are no guarantees in the markets so as traders, we must look to the other side if the bear flag fails. There is a key level above the flag around 0.65740. Previously there was a big bull push from that level, so the market may want to test that level again as potential resistance. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX
2
AUDUSD RECTANGLE PATTERN IDEAHi Traders! We have a rectangular range setup here on the 1D AUDUSD chart. With the rectangular setup, though it is a neutral formation where it can breakout to either side, there is a bearish bias here. The reason for this is by looking at the price action; there is a long term uptrend here on the 1D chart. However, with the retracement to the uptrend, there is no momentum to continue upwards at all. We also had a Head & Shoulders idea a few days ago (link included below) to support this idea. The level to look out for the support break is 0.65644. If we break and close below this area, then the target area is 0.63864. That being said, we still cannot ignore the idea of possibly breaking to the upside. The level to break and close above is 0.68242 and then possibly a test of the psychological level of 0.70000. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
4
AUDUSD Possible sell zone!Currency Pair : AUDUSD Possible direction : Bearish Multiple-timeframe Analysis : Daily : Price has broken out of 2 daily candles high and grabbed liquidity Monthly: There is strong rejection from 2 monthly resistance level. Weekly: Price has formed strong weekly doji and price may test the half wick and possible drop. 4H: In this timeframe price grabbed liquidity 2 times from important level of resistance and price may continue to drop to the support level to the direction of the trend. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy.
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by ForexWizard01