Audusdlong
AUDUSD buy Took this AUDUSD buy with a generous SL. Risking a smaller amount on this trade since the RR isnt the best, + US news release is coming up and I will manage my trade accordingly. AUD isnt performing that great across the board, which is another reason this is trade im risking lesser than I normally would on. Lets see how it plays out.
Took some great trades during London and some losses as well. Will share shortly!
AudUsd LongI am currently going long on AudUsd as it has broken the previous trendline & retested the previous resistance,which is now support. I will look for short opportunities once it bounces off the next trend line or if it breaks the last marked support.
Should it fail to bounce off the top trendline and instead breaks it, I will be looking for long continuations.
AUDUSD | New perspectiveThe U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session.
It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new week?
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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Past performance is not necessarily indicative of future results.
AUDUSD H1: Bullish outlook seen, further upside above 0.6390On the H1 time frame, prices are testing the support zone at 0.6390, in line with the Fibonacci confluence levels where we could see further upside to the resistance zone at 0.6480. The 0.6480 resistance zone coincides with the graphical resistance and 78.6% Fibonacci retracement. Stochastic is bouncing off the support at 8.24 support as well and seeing a bullish divergence as highlighted in green, supporting the bullish bias.
AUDUSD SELL LONGThe Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.
Bullish outlook on AUDUSD: 27 October 2022On the H4 time frame, prices are approaching the support zone at 0.64000 which coincides with the 38.2% Fibonacci retracement where a pullback to this zone could present an opportunity to play the bounce to the next resistance zone at 0.67200, in line with the graphical resistance level and 61.8% Fibonacci retracement. Prices are holding above the 30 EMA as well, supporting the bullish bias.
AUDUSD - Daily Trade Idea - 27-Oct-22AUDUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
AUDUSD : Elliot Price Action 1Hr Aussie Dollar AnalysisRBA appears less hawkish after shock 25 bps hike in OctoberDiverging pace of future rate hikes may leave AUD susceptible to the downside into year endAUD/NZD, AUD/USD price action setups analyzedRBA Appears Less Hawkish after Shock 25 Bps Hike in OctoberThe RBA shocked markets on the 4th of October when it decided to hike the target cash rate by a mere 25 basis points after 4 consecutive clips of 50 bps prior, citing sizeable frontloading.But in the one-hour chart of this currency, we see an ABC correction wave, and now we are on the path of wave c and the third and fifth wave of this correction, and we continue to expect this currency to fall again.
AUDUSD - New expansion expected ✅Hello traders!
‼️ This is my analysis on US30 .
Here we are still in the bearish market structure, so I am looking only for shorts. I expect price to continue the retracement as imbalance wasn't fill fully and then to reject from bearish orderblock + institutional big figure 0.65000.
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AUDUSD - Daily Trade Idea - 26-Oct-22AUDUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.