AUDUSD - SHORT SETUP - SELL
The Stochastic Oscillator %K value is 84.92% and the %D value is 91.64%. Both values are above 80, indicating an overbought condition. This suggests that the price has reached a relatively high level and a pullback or reversal may be likely. The price is likely to retrace back to around .66300.
From the Daily time frame, it is evident that the price is nearing a significant supply area. This suggests the possibility of a downward correction. We should observe whether the market will present us with a suitable trading setup.
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Audusdsell
32,600 Jobs Added! Aussie Dollar Skyrockets!The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double.
This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions.
The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar.
Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations.
The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
AU Dump Set to Soar by an Impressive 3.57%?Technical Analysis :
12 hour pull back chart :
Verified by VRVP :
I'll join the action only when that red line finally breaks.
My strategy involves using a dynamically trailing stop loss approach.
Feel free to leave comments if you'd like to receive regular updates on my SL's.
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4.26% AUD/USD Plunge: Short and Win!Technical Analysis:
Trend Line Breakout
Focus on Targets:
It is advisable to monitor the targets and their progress.
SL Touch and Re-entry:
In case the stop-loss (SL) is reached, and I decide to re-enter, I will share the details of my re-entry.
Feedback is Welcome:
Please feel free to provide your valuable feedback.
AUD/USD best level to sell for + 190 PipsDear traders, check out the chart image and you can see that AUD/USD
is struggling to break the resistance level. The likelihood of a decline
in AUD/USD is increasing after the price hits the resistance level.
Sell AUD/USD@6785-.6810 with SL above resistance and initial TP at 0.66
#AUDUSD- 230+ PIPS CLEAN SELL SETUP❤️Dear Traders,
-Hope you had a great weekend, FX:AUDUSD is on bullish trend, price have break out number of structures and retested all buying zone and respected it, now in our analysis. We wanted to make everything clear, price will come to our 'premium selling zone' area; where we want an nice clean move of 230+ pips after which we may see some bullish price movement.
-Once price rejected at our area and drops from there, enter a sell entry with 40- 50 pips with a good 'risk management'.
as always have a good mindset before you analysis or trade; emotions turns good trades to bad once.
AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today.
🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443
🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang!
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AUDUSD Top-down analysis Hello 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.
Setting Sights on a 0.64 BUY, Plus a Short-Term SELL IdeaI have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY.
After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was established last year, following a rapid drop to the MONTHLY DEMAND/BUY zone at 0.61.
Comparing the momentum of last year's drop and rally with the current price movement, the difference is notable. Both the drop to and rally from the 0.61 level were swift, characterized by large candles. The current price movement, however, is rather choppy, alternating between small drops and pauses.
The 0.64 level appears promising for a BUY entry point. It aligns with both dynamic trendline support and the Weekly DEMAND/BUY zone. I'll be watching this area closely for potential BUY entries, using the TRFX indicator from the 8hr timeframe and up.
On the chart, I've marked the likely path for this pair, though please note it may still drop. My stop level will be set well under last year's low, with targets extending up towards 1.70. I will provide more details when the trade triggers.
For my short-term SELL idea, I'm predicting a brief rally early next week back up to the previous support around 0.655. This will be my SELL entry point, targeting 0.64 or below.
As always, ensure proper risk management. Trades will be updated once they are entered. Happy trading!"
Remember, even the best analysis can be wrong due to the unpredictable nature of the markets. Always use proper risk management and never risk more than you can afford to lose.
AUDUSD: Bearish Flag BreakoutAUDUSD is in a strong bearish trend. After looking at the weekly and monthly charts we are only looking at selling
opportunities.
We have seen the following reasons for looking to sell:
1: Bearish flag breakout.
2: Trendline breakout.
We are looking to take an entry at the retest of the trendline.
AUDUSD-SELLING OPPORTUNITY AT THE PERFECT AREADear Traders, AUDUSD rejected and dropped 150+ from last week high however, as it dropped significantly market will be more likely to recover and comeback to the almost last week HH. Let's focus on how market will react on Monday.
We also have FED meeting on Wednesday.
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.