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Audusdtrade

Changing market structureAfter breaking the capped trend line the market has pulled back and formed a bullish engulfing bar above this level. The market has formed a higher high and higher low indicating the possible start of a bullish structure. Relying on one HH and HL is not enough for me so I will look to buy once another higher low has formed using price action. Take note that for now this chart is still greatly bearish until the said conditions have been met. Conservative traders will wait for confirmation and aggressive traders enter at market price. There are a few interesting factors at play here to consider: 1. Fibonacci zone 2. Bullish engulfing bar 3. HH & HL 4. Aggressive traders can enjoy a low risk entry at current market price Join me in Forex Bootcamp for live updates using the link below. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
AUDUSD SHORT TERM LONGHey traders, this setup is going long for some short term pips. -There has been 4 touches on this key support level, all of which have had stop loss hunts as seen by the long wicks & dips. -There is very little demand that would keep it at these levels as seen by the volume profile. -I see the green box as a nice target price for this short term long. Watch out though as this trade may sit in this yellow demand zone for a little and maybe even try to get another stop loss hunt.
Long
by Internet_Money
AUDUSD Sell Order Depleted, Buy OpportunityLast week, price is ranging from bear engulfing candle seen in h4 time frame till lowest level of last 2 week trading session. There are 2 possibilities happened during last week session: 1. seller try to hide their sell position for further drop or 2. buyer begin to show their interest and start to buy I decide to long this currency based on the fact that price drop on Tuesday 21 March 2019 for over 50 pips is countered by bull buying this currency until it break the highest level point on Tuesday 21 March 2019. I spotted a good place to buy at FL level happen on Friday 24 March 2019. This FL occur after the break of Resistance level and contain bullish engulfing candle seen on H1 timeframe. Happy trading. TAYOR (Trade At Your Own Risk)
Long
by humbleforexscalper
AUDUSD Trade IdeaTrading pure price action here...using H2 time frame # Price has broken the support # Then pinned from the under side (as resistance) # Sell signal printed (inverted hammer) # Also note the inside bar pattern and the hammer as the fakey... Selling at market price 0.69911 with my levels as follows: # SL above the 0.7000 pivot/resistance/pinned level # Tp lower down at support as can be seen on the weekly time frame (see attached link) As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below for real time updates
Short
by Cmasterza
AUD/USD Technical Analysis: Touch 0.7100 Then Bearish Mood ... AUD/USD is currently trading at session highs above 0.7055, having neutralized the immediate bearish view with a 0.30 percent gain on Friday. The bullish doji reversal confirmed on Friday has opened up upside towards at 0.7100. On the Other hand, If Chinese Manufacturing and Non-Manufacturing PMI drop major support 0.7000/0.6990 could test again. Audusd Sell level 0.7150 Area target 0.7010 Area. A break of 0.7075 resistance can lead to 0.7100 to the upside.However, if 0.7075 caps prices, it can lead to a decline to 0.7025 immediate support followed by 0.6990 level. AUDUSD faces recovery threats though vulnerable medium term. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. Support resides at the 0.7000 level where a breach will aim at the 0.6950 level. Below here will set the stage for a run at the 0.6900 level with a cut through here targeting further downside pressure towards the 0.6850 level. News: ====== Meanwhile, U.S. numbers impressed late last week, as the U.S. dollar made broad gains. Durable goods orders climbed 2.7%, crushing the estimate of 0.7%. Core durable goods orders gained 0.4%, marking a 9-month high. This was followed by an initial GDP release of 3.2% in Q1, well above the estimate of 2.2%. This was much stronger than Final GDP for Q4, which came in at 2.2%. AUD/USD Fundamentals: Monday (April 29) 8:30 (Feb. Data) – US Core PCE Price Index. Estimate 0.2% 8:30 US Core PCE Price Index. Estimate 0.1% 8:30 (Feb. Data) – US Personal Spending. Estimate 0.2% 8:30 US Personal Spending. Estimate 0.7% 8:30 US Personal Income. Estimate 0.4% 21:00 Chinese Manufacturing PMI. Estimate 50.7 21:30 Australian Private Sector Credit. Estimate 0.3% Tuesday (April 30) 8:30 US Employment Cost Index. Estimate 0.7% 9:45 US Chicago PMI. Estimate 59.1 10:00 US CB Consumer Confidence. Estimate 126.2 18:30 Australian AIG Manufacturing Index Daily SMA100 0.7123 Daily SMA200 0.718 Previous Weekly High 0.7155 Previous Weekly Low 0.6988 Previous Monthly High 0.7168 Previous Monthly Low 0.7002 Daily Fibonacci 38.2% 0.7039 Daily Fibonacci 61.8% 0.7025
Short
by Saleh11
AUDUSD Trade IdeaLower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is 0.71209 to look for price action clues and if I short: Sl will be above the trend line where I deem the setup invalid @ 0.71605 and Tp lower down at support @0.70046 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
1
AUDUSD Trade IdeaLooking to trade the bounce off the major support (marked the false breakout with a yellow box) Now that the impulse move has shown a retracement pinning the 61.8 Fib level making it good for a buy with a strong risk to reward ratio... I am buying at market price @ 0.70628 and TP @ 0.71601 (resistance) and SL below the low @ 0.70454 The market offers no guarantees but with a risk of only 17 pips and 98 pip reward it certainly makes this setup worth looking at. Dont bet the farm, as usual always exercise good risk management!
Long
by Cmasterza
AUDUSD trade ideaFX:AUDUSD Trend = up on H4 + D1 I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly. I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach, waiting for a 50% retracement of the bullish candle before activating a buy order can be considered. Entering at market price 0.72601 with TP @ resistance level 0.73787 and SL below support (where this trade would be invalidated) @ 0.71787 Don't bet the farm and always exercise good risk management.
Long
by Cmasterza