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Audusdlong

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
AUDUSD POTENTIAL SHORT FORMATION IN PROGRESSWhen we zoom out on the higher time frames, we can see that the pair is in a strong downtrend despite the bullish correction in the daily time frame which lasted a few days. We have listed various reasons which support our bearish basis. 1: Monthly time frame trend suggests a strong downtrend. 2:Price failed to break the lower high formed on the 4th of April 2023 3:Trendline like breakout 4: Ascending triangle breakout We will wait for price to correct on the lower time frames before looking for an entry. We need the trade to be a minimum of 1 to 3 risk reward before we consider looking for an entry.
Short
by NDOBObanks
Will AUDUSD react at previous swing low?AUDUSD - 24h expiry We are trading at oversold extremes. Price action looks to be forming a bottom. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 0.6574. We look to Buy at 0.6575 (stop at 0.6540) Our profit targets will be 0.6665 and 0.6780 Resistance: 0.6665 / 0.6780 / 0.6925 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Top Down Analysis of AUDUSDHere is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside. However, it is possible that we bounce from the current level and head back up towards last weeks high. In this case I'd wait for a break of the PDL which was broken today and if we close above this area I'd look for a setup to try get long and target higher up Liquidity. Time and price will tell
by elliotthforex
Intraday Bullish Momentum swingThis is a follow up and actual trade taken by myself. I placed a short term buy today at 10:30A.M on AUDUSD simply because lower lows ceased being formed at a key support level. After a strong bullish correction trendline was broken then on the 4Hour the 8Moving Average crossed to the upside of the 21SMA. that's relevant because it lags behind price. The 1 hour provided some reversal signals at a clear support and the trade was essentially taken based on pure candlestick analysis. I love trading reversal candlesticks on top of support. Especially after a market gap on Sunday. I believe a potential inverted head and shoulders is on the way after price failed to make a lower swing low and is now attempting to create a new swing high. Potential short term up trend beginning with indecision candles then a bullish engulfing on top of a weekly support.
Long
by DesharedPierreJr.
AUDUSD to find buyers at 0.236 retracements?AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 0.6630 level. We look to Buy at 0.6632 (stop at 0.6602) Our profit targets will be 0.6707 and 0.6727 Resistance: 0.6780 / 0.6925 / 0.7160 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA