AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
Fundamental analysis: Tomorrow we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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Audusdsignal
20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a CHOCH (Correction of Higher Chance) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: A very strong CHOCH has already occurred, and now the price is making a corrective move after the CHOCH. At an interesting point, we can observe significant volume before the point, indicating profit booking. Following this, there is a classic doji candle and the current big bullish momentum candle that signals a long position entry.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish CHOCH
6: 2 Pattern Candle Chart: Doji and momentum candle
7: 3 Volume: Execution volume before 3 days
8: 4 Momentum UNCONVENTIONAL RSI: Shifting from a bearish range to sideways, indicating strength on the upside. RSI holding above the 40 level signifies strength in the upside move.
9: 5 Volatility measure Bollinger bands: After a volatile move, the price is currently in a calm mood. The last squeeze breakout formed a headfake formation where the price initially went down and then reversed, leading to opposite price moves.
10: 6 Strength ADX: Sideways movement
11: 7 Sentiment ROC: AUD is stronger than USD on the scoreboard.
✔️ Entry Time Frame: Daily
12: Entry TF Structure: Bullish CHOCH
13: Entry Move: Impulsive
14: Support Resistance Base: Support at Fibonacci Validation Zone (FVG) and order block (OB)
15: FIB: Trigger event activated
☑️ Final comments: Buy right now.
16: 💡Decision: Long
17: 🚀Entry: 0.6700
18: ✋Stop Loss: 0.6630
19: 🎯Take Profit: 0.6970
20: 😊Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
AUD/USD hourly chart analysis, further decline likelyDear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level.
However, it seems like the current pullback is about to end.
Price is struggling to cross the 100-hour moving average which is acting as
a dynamic resistance in AUD/USD . So, my recommendation is to sell the
rallies in AUD/USD.
The short-term target would be 0.6670. If the minor support line at 0.6670 breaks,
expect further decline towards 0.66
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.
Thank you, loyal followers! Your support drives me forward on this incredible trading journey. Let's achieve financial success together!
AUDUSD BUYING Trade Setup H1At the moment, AUD/USD is trading at 0.6759. According to my limited knowledge, if it goes down, it will reach the support line of the channel. After that, it will move towards the resistance of the channel, and then there will be a breakout of the channel. After retesting, it will continue to move upwards.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: As I expected in my previous analysis price rejected from daily bearish order block and changed the character on 1H timeframe. Now I will look to add shorts position, so want price to continue the retracement to fill the imbalance higher and then rejects from there.
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AUD/USD best level to sell? + 385 Pips potentialDear traders, AUD/USD has been in a relentless uptrend for the last 2 weeks
or sell. Post FOMC, Price spiked up rather quickly.
However, it is possible that the spike was a melt-up scenario and AUD/USD
may have reached the top. So, in case the resistance level at 0.69 holds,
we can consider a potential sell set-up in AUDUSD@0.6880-0.69 with SL
above the resistance and swing TP at 6460 .
AUDUSD - Expect bearish price action ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for short position. I see price to reject from bearish order block + institutional big figure 0.69000 for a new expansion lower.
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Sell AUD/USD if the resistance holds, +230 Pips potentialDear traders, AUD/USD is back in the resistance level. So far, price has not
broken the resistance level.
So, if AUD/USD doesn't break the resistance level and bearish price action
strengthens at this level, then selling AUD/USD@0.6820 with SL above the resistance
level and TP at 0.6585 would be a potential sell set-up .
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.
Potential Sell in AUD/USD if the resistance level holdsDear traders, AUD/USD has been in an uptrend for the last few days.
However, price has not been able to break the resistance level
that I have highlighted in my chart.
Keep in mind, that we have the FOMC event later in the day which could
lead to a lot of volatility in the AUD/USD pair. So, be very cautious with
your entry.
That being said, if bearish price action forms in the resistance level,
traders can consider selling AUD/USD@0.68 with SL above resistance
and TP at 0.66.
AUDUSD 13June2023there is a change in the elliot notation for this pair. looking at the bullish pattern that occurred, this is not a correction model, but an impulse bullish. It could be the escort of the bullish trend. I suggest that if you want to buy, it's better to hold and wait for the SnD area in the middle.
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