AudUSD Analysis (price action)Hello traders, here is my analysis of audusd 1h. I think we might be seeing a new trend forming and would love to hear your thoughts about my analysis.
MY ANALYSIS:
TREND STAGE
I would consider it as matured
it has been trading bearish for a long
period of time and now seeing a break from
that trend.
1d
1h
Possible 4rr on 1h
RISK CONSIDERATION
Coming Tuesday is RBA Rate Decision and could create a high volatility
*********
POSSIBLE TRADE SETUP
CONSERVATIVE - wait for price to break above
daily resistance (breakout point daily)
or
Aggressive - go lower time fram 15m to 30m
look for fib entry 50% or 62%
price must not trade below daily pivot
confluence
- strong daily close
- trading way above daily pivot
as compared to previous price action where
it is trading within range of of pivots
- breakout above the descending trend
15M POSSIBLE AGGRESSIVE SETUP
POSSIBLE TRADE SETUP ON 15M
SL OF AROUND 15PIPS FOR A 4RR
OR A NEW TREND FOLLOWING SETUP
RISK HALF% AND SCALE IF IT BREAKS
ABOVE DAILY BREAKOUT POINT
I THINK THE POSSIBLE REWARD IS WORTH TAKING
THE RISK
Would love to hear your thoughts on the comment section below.
Thank u
Audusdlong
A bullish setup on AUDUSDHey Traders,
here is my simple Buy setup on AUDUSD.
The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run.
On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough.
The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below.
Or
You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level.
Buyers can look to buy the next retest and target the 0.7200 area.
20 Reasons For Long AUDUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: Multi years Bearish Trend is here
2:📆Monthly: making an insider high and low also rejected from monthly order block
3:📅Weekly: and weekly Choch is formatted, but the price does not confirm high yet. After a correction, prices are halted on the previous monthly low and equilibrium area so that there is a high chance prices can go high from here
4:🕛Daily: a clear up trend now 3rd move id started on the proper discount area and also forted appropriate price actions and structure setup
😇7 Dimension analysis
🟢 analysis time frame: H4
5: 1 Price Structure: bearish & market start forming lower high
6: 2 Pattern Candle Chart: equal lows at bottom long wick candles also lower high monthly weekly and daily lows also
7: 3 Volume:
8: 4 Momentum UNCONVENTIONAL Rsi: Rsi also shift their range from bearish to sideways properly
9: 5 Volatility measure Bollinger bands: Bollinger band in a tight squeeze /also proper w pattern is formatted so walking on the band is excepted
10: 6 Strength ADX: total neutral
11: 7 Sentiment ROC: Aud is more substantial than USD on the base on Rate of change
✔️ Entry Time Frame: H1
12: Entry TF Structure: bullish
13: entry move: impulsive
14: Support resistance base: H1 equilibrium support H1 last swing support or 2nd option H1 premium breaks
15: FIB:
☑️ final comments: Buy
16: 💡decision: LOng
17: 🚀Entry: 0.6780
18: ✋Stop losel:0.6695
19: 🎯Take profit: 0.7129
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration: 10 Days
AUDUSD top-down analysisHello 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.
I am long on AUDUSD
After a prolonged downward trend, AUDUSD has returned to a stable market, showing signs of bottoming out. I plan to initiate a light long position on AUDUSD, adding on dips, and will reap a decent profit if a bottom forms.
My personal trade recommendation: Enter a long position near 0.67000-0.67050, with the first profit target at 0.67800, second at 0.68500, and third at 0.69200. If you are trading with me, please control your position size reasonably, and those with small capital or poor mentality should not participate.
I have extensive knowledge of futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and regularly update my daily trading strategies. Thank you for your support and likes, and please feel free to leave me a message if you have any questions. I will provide the most secure advice and hope to help you.
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.68000.
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AUDUSD 2hr Minor correction (22/02/2022)After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow.
However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly.
What are your thoughts on this? Feel free to share your comments below.
audusd going long currently waiting for price to approach the bullish orderblock level before executing the trade set up . dxy overall market structure looking bearish as well . confluences : price broke the previous structure , there's imbalance waiting to be filled , and lastly bullish engulfing pattern . if price respected the bullish order block level , high chance that price will break the previous high and approach to the next key level
AUDUSD H1: Bearish outlook seen, further downside below 0.6920On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.6920, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6820, in line with the graphical low and 50% Fibonacci extension. Stochastic is approaching resistance as well where we could see a further downside below this level.
AUDUSD Daily: 19/02/2023: Looking for buy!
As you can see, the price touched the supply zone and fell.
Now the price is in a very important area that can rise till resistance or even more, move up to collect liquidity and touch the low time frame supply zone.
So for that, it may rise from here or start an upward move around 0.67828.
Please pay attention to the details on the chart.
💡Wait for the update!
🗓️19//02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on AUDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I look price to make a retracement to fill the imbalance and then to reject from bearish order block to open a short position.
‼️Attention!!! Due to the fact that we have news on USD & AUD tomorrow, the analysis can be invalidated.
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AUDUSD H4: Bearish outlook seen, further downside below 0.7020On the H4 time frame, prices are approaching the resistance zone at 0.7020, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6880, in line with the graphical low and 50% Fibonacci retracement. Prices are holding below the Ichimoku cloud, and stochastic is approaching resistance at 95.24, supporting the bearish bias.