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Audusdlong

AUDUSD Daily Analysis AUDUSD has been ranging since early this year, while I took some trades within the range, I was anticipating a breakout from the support for a short trade. Market broke out as anticipated but reversed back inside the due to fundamental news that pushed the price even above the resistance level. The confusing part is that price is back into the range. While I'm presently expecting a further drop in price, I know price could possibly continue the uptrend as this could just be liquidity grab What's your thought on this? Like and comment below
by Popeson
AUDUSD BUY SETUPHere are my reasons for the bullish outlook on AUDUSD Weekly: -we broke structure to the upside, clearing through the consolidation zone between 0.66000 and 0.68000 -the weekly candles (last three candles) indicate a strong bullish momentum currently dominating the market -current weekly highs of interest are at 0.68997 and 0.69207 H4: -we have been on a strong bullish assault on this time frame -current market phase has been the retracement before we can stage a continuation to the upside -the pair has simply slipped to the downside to, most potentialy, collect more institutional orders off the 0.68000 level before we dump price to the upside -the weekly levels at 0.68997 and 0.69207 form strong attractions of liquidity for the pair Midrange: -we have retraced to the area between the 61.8% and 78.6% fib levels -we have dipped down into a recent order zone as signaled by multiple H4 wicks to the downside where we picked up orders as we soared to current market highs around 0.69000 -H4 levels at 0.67900 and 0.64950 as well as the key daily level at 0.67850 form strong levels where price is to find support -the pair has offered a strong wick candle on M15 in favor of the upside. This is sufficient signal for an entry. Disclaimer: this is just my opinion on the movement of the pair and should not be construed as financial advice. Kindly do your own analysis and make your own conclusions on the same.
Long
by lovinmulika
AUDUSD Bullish indecisionAUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very strong buy exhaustion area, I become alert for reversal signals. Price usually decides to retrace from strong areas of interest.
by DesharedPierreJr.
Buying AU Following HTF bullish trendWe saw a trend change on HTF and daily supply failed, so we wanted more confirmation to switch to buys, and its always visible on HTF 4H as we see, a big up move and we are yet to mitigate HTF supply, so we for sure not looking to take shorts for now 15m now as we seeing price struggle to go lower and take out the lows and only seeing HH and HL its time to read whats on LTF 5m everything is mitigated on 5m, so no need for price to go lower (unless it needs more liquidity, or we see major news out) 1m entry as we see, price is inducing sellers on that HTF weak supply, initiating mini supply chain on 1m JUST TO BUILD LIQUIDITY and then SWEEP IT will update it as it moves.. lets see
Long
by Cleerboy
AUD/USD: Precision Analysis for a Lucrative 2.5% OpportunityTechnical Analysis: Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout. Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions. Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size. Stop Losses: Stop losses are not fixed and depend on the specific trade situation. The preference is to use tight stop losses, especially when trading based on one-minute intervals. The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
by UnknownUnicorn14930146