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.
Audusdlong
Audusd looking for a short-term surprise for the upside 0.6620Audusd looks quite good at this consolidation phase to go long and target 0.6620 level as target with entry around 0.6551 level or above with a stoploss at 0.6525 level.
this expansion seems limited and after that i am expecting price to fall further down and resume the downtrend .
i have two setups for this AUDUSD one as per the higher time frame while this trade is for shorter term perspective and my both analysis do not have a same bias. both are valid
in this one i am long just for a short term and my previous trade which is short that is also valid
AUDUSD I Potential long from support pending USD PPIWelcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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AUDUSD ShortHello traders, I'm following and observing AUD/USD price movement over a period of time and this setup makes a lot sense to me based on my research as it has a high probability. Ofc there is an imp USD news today but we assume the price moves in our favor during volume time. Hope it works!
Stay safe
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.
Possible opportunity in Aussie vs USD this week?US dollar
Attention will be paid to key economic indicators that roll out over the course of the week such as the Non-farm Payrolls jobs report, JOLTs job openings, and the ISM Services PMI survey.
Moody's analysis suggests a cooling down of various labor market measures. The uptick in November jobs growth is attributed to the impact of the United Auto Workers strikes in October rather than a substantial resurgence in the labor market.
Aussie Dollar
The Reserve Bank of Australia (RBA) is anticipated to maintain its interest rate in its upcoming meeting on Wednesday, with a 97% probability for the rate to stay at 4.35%. There is only a 3% chance of a 25bps hike to 4.60%. This expectation follows the RBA's decision to raise the Cash Rate by 25bps in the last November meeting.
A surprise decision by the RBA (or even a change in outlook) could see the Aussie dollar spike like the NZ dollar did last week. Look for weak preliminary job numbers coming from the US for extra confirmation of a bullish Aussie outlook.
AUDUSD - W1 strong support approaching Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level.
Following this expected support, our projection foresees a robust upward movement toward the 0.66700 level. Our initial stop-loss will be set at 0.61700, positioned just below the previous low recorded in October 2022. This stop-loss level is approximately 1.5% below our anticipated entry point. Importantly, this trade maintains a favorable risk-to-reward ratio of 1:4.
Please remember that trading carries inherent risks, and market conditions can change swiftly. This analysis is for informational purposes only and should not be considered as financial advice. Always exercise prudent risk management and consider various factors when making trading decisions.
Audusd short position analysisOverall we are in a bullish trend, But we have a CHoCH to the down in 1H TF that means we are in a pull back. we've touched the area of value once but its possible and I hope the price come back to that area once again so that we can enter the trade :|
As always, we can set an limit order or wait for the price to come to this area and then wait for a CHoCH in lower TF to find a good entry.
Lets see what will happen...
Good luck.
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
AUDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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$AUDUSD Bullish Momentum LONG
The current outlook for AUDUSD reveals a compelling narrative of bullish consolidation in the short term. As outlined in the provided chart, the pair exhibits patterns indicative of a bullish stance, suggesting a period of strategic accumulation.
Technical Indicators:
Candlestick Patterns: Noteworthy bullish candlestick patterns, as illustrated, underline the market sentiment favoring the upside.
Moving Averages: The alignment of moving averages supports the notion of a consolidative phase, emphasizing the potential for an upward breakout.
Fibonacci Levels: Key Fibonacci retracement levels coincide with areas of consolidation, adding confluence to the bullish scenario.
Quantum Probability Indicator:
Intriguingly, our proprietary quantum probability indicator provides a unique dimension to this analysis. It discerns a notable buildup of buying pressure, reinforcing the bullish sentiment observed in the technical patterns. This indicator serves as a valuable complement, enhancing the overall confidence in the potential bullish trajectory. w.aritas.io
Trade Considerations:
Entry Point: A strategic entry point within the consolidation zone, following confirmation of the bullish bias, is advisable.
Take Profit (TP): Set conservative take-profit levels in alignment with key resistance zones or use a dynamic approach based on subsequent price action.
Stop Loss (SL): Implement a disciplined risk management strategy with a well-defined stop-loss, considering the recent support levels and volatility metrics.
Market Context:
Macro-level considerations, such as interest rate differentials, economic data releases, and geopolitical factors, should be monitored. Additionally, any developments in global risk sentiment may impact the AUDUSD pair.
Conclusion:
In conclusion, the AUDUSD pair presents an intriguing opportunity for traders, with a bullish consolidation pattern supported by technical indicators and reinforced by our quantum probability indicator. While opportunities exist, prudent risk management and ongoing market monitoring are essential components of a successful trading strategy.
Disclaimer: Trading involves risk, and it is advisable to conduct thorough personal research and seek professional advice before making any trading decisions.
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.
AUDUSD BUY - High probability tradeHi Everyone, it's been a while but I'll slowly get back at posting my trading ideas here.
Today's setup is on AUDUSD.
AUD has had a good rally with the US Dollar weakness, which is currently retracing and reaching a key level.
My Setup takes into account the 50% Fibonacci retracement as well as 0.65200 area of previous resistance that could be tested as a support to continue to move price up!
I'm placing my stop loss below the Order Block that broke recent structure - in case the market does not respect that level, this setup will no longer be valid and we should look for another opportunity.
However, I think this is a great trading idea with added confluences!
Let me know your thoughts!
Good luck!
Cheers,
Gaspar_Trader
AUDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!