Audusdsignal
AUDUSD Long on support LineAUDUSD has falling the past 2 days and came to a strong support area of Fibonacci retracement 0.38 level.
my bias is the pair to reverse to the next resistance line and we would see if the pair keeps moving up or it falls again from that level of strucure.
alternative scenario is that if the pair is able to break the support structure, it may lead to a selloff.
What is your prediction on AUDUSD?
AUDUSD Short into 0.74200Confluences
1. Monthly/Weekly resistance
2.Weekly is rejected it and probably it will close rejecting it due to lower timeframe confluences
3. Daily -Went above then come back below, so, there is a high probability that most buyers is not interested anymore
4. Daily - Potential head and shoulders
Entry point - would be on next shoulder.
Scaling opportunity might come when it breaks the strong support
AUDUSDThe Australian dollar failed at the same region that it has previously, namely the 0.75 handle. This suggests that the market is ready to fall, and if we break down below the bottom of the candlestick it could send this market down to the 0.7350 level. Breaking down below that level could then open up the possibility of the Australian dollar dropping to the 0.70 level over the longer term. That is an area that has been rather supportive more than once.
AUDUSD Sideways / Ranging M30AUDUSD Sideways / Ranging will be clearly visible on the M30 timeframe, Starting from March 31, You can enter the demand area (when this idea was created) or enter supply with a CONFIRMATION note, Don't try to enter without confirmation, because maybe the price will trying to penetrate Supply / Demand, the direction of price movement will remain the same, namely down when it touches supply, and vice versa.
For CONFIRMATION, this time I use the EMA 25 ( EMA 25 timeframe M30) when the price crosses/breaks the EMA with a stop loss at the previous Swing Low
Pay attention to your risk/reward when you enter
I suggest R/R Minimum 1:1.5
i do not guarantee anything, i only share my analysis
Do your own research!
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
AUDUSD | Perspective for the new week AUDUSD appears to be at risk of further decline in the nearest future as price action is currently oscillating within a supply zone on the weekly time frame. Find in this video what my thought process is prior to making a decision on this pair.
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