Audusdtrade
AUD/USD Potential Short Trade Idea - Institutional Order FlowIf we see a pullback, back into the yellow box when the new week opens, I will be most likely looking to short AUD/USD to take out the equal lows created that are marked up. This looks like a pretty solid setup, with it being on the daily chart.
**Education Purposed Only**
- Will
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.
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.
Buying off the down channel supportBuying @ market price 0.67690 with
# SL below the support @ 0.67123 and
# TP at the 50% fibo retracement level @ 0.69111
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg
Join me in Forex Bootcamp for live updates using the link below.
Happy trading :)
AUDUSD ShortAU is set for a long move up however, I am expecting one more push down before then. Price is in a key area. All indicators are pointing towards a sell from the 15min to the Daily. Just in case this is a fakeout to the downside, I am placing alerts at .7071 for the buy and .6987 for the sell.