AUDUSDThe tight space between important levels of Aussie makes it so hard for me to open medium-term trades.
I suggest if you are not into short-term trading avoid decision making before breaking of the two levels.
After breaking the stronger levels I'll expect an almost sharp move.
The United States CPI announcement could be a fuel to a level-breaker market move.
Aussie
AUDUSD H4 | Falling to support?AUDUSD is falling towards a pullback support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.66129
Why we like it:
There is a pullback support at the recent swing-low
Stop Loss: 0.65801
Why we like it:
There is an overlap support
Take Profit: 0.67008
Why we like it:
There is a pullback resistance at the recent swing-high
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AUDJPY: Classic Bull Flag PatternI'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long.
We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag.
We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards.
I'm keeping a close eye here for signals and confirmation using LTF's.
AUDUSD H8 - Long SignalUDUSD H8
Alerts set and ready to go here for AUDUSD, nice comfortable support zone which we have seen hold effect for the last 2/3 instances, with the exception with one fake-out. Likewise with resistance.
Nice measure of 8R from support price to our targeted resistance price.
AUDUSD H8 - Long SignalAUDUSD H8
Really closing in on that buy zone here on AUDUSD... this next LTF wave should see us pin into our anticipated support zone for longs up towards that major area of resistance again.
GBPUSD and XAUUSD also nearing areas of support, so from a pair comparison purpose. It makes sense too.
🔥 NEW: AUDUSD 🔥 POSITION TRADE 🔥SLO2 @ 0.7933 ⏳
SLO1 @ 0.7715 ⏳
TP3 @ 0.76 (closing ALL Buy Orders)
TP2 @ 0.7185 (shaving 25%)
TP1 @ 0.6925 (shaving 25%)
BLO1 @ 0.6645 📈
BLO2 @ 0.6550 ⏳
UNDERSTANDING POSITION TRADING
A position trade is a trading strategy where a trader holds a position for an extended period, usually months or years. Position traders are typically looking to profit from long-term market trends rather than short-term price movements.
Position traders typically have a longer investment horizon than other traders, such as day traders or swing traders. They are less concerned with short-term price movements and more focused on the long-term trend. This strategy means they are willing to tolerate more risk in their trading, as they are confident that their positions will eventually be profitable.
AUDJPY - Short-Term Bullish ExpectationThis is a combined chart using the Futures contract for the Aussie and the Yen
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
AUDCAD Looking to go shortThis pair broke below the significant s/r zone around 0.9000 and is now pulling back towards it.
I am looking for signs of a bearish continuation in that area.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
✅AUD_CAD BEARISH BIAS|SHORT🔥
✅A Retest of the strong resistance level of 0.912 by AUD_CAD
Has happened after trading in a local uptrend from some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 0.904
SHORT🔥
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AUDJPY: Swing Short From Supply Area!
Ladies and Gentelmen,
Here I present you a short
Trade from the supply level
We need to wait for the pair
To go a bit higher so this
Will be a limit order.
The details are below:
Entry Limit: 98.000
Stop Loss: 98.713
Target: 96.500
❤️Please, support our work with like & comment!❤️
AUD-CAD Short From Resistance! Sell!
Hello,Traders!
AUD-CAD has retested a
Horizontal resistance level
Of 0.911 from where we
Are seeing a bearish reaction
So I think that we will see
A further bearish correction
Sell!
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68c is the next line in the sand on AUD/USDThe Aussie has seen an impressive short-covering rally over the last couple of weeks, where large speculators were had their most bearish net-exposure since September. Another ‘surprise’ RBA hike (to some…), calls for a Fed pause, stimulus from China and higher have helped it recoup losses sustained since the May high. And our attention now shifts to the FOMC meeting and tomorrow’s Australian employment report to see where it will go next.
The fact the rally has stalled around 68c makes sense, as this is the area it has struggled to hold above since the RBA paused their tightening cycle back in July. We have seen four failed attempts to close above 68c on the daily chart, and nine failed attempts to close above 0.6782 since that meeting – which makes this a pivotal zone for traders to focus on.
It’s not impossible to expect the Fed will be more hawkish than some anticipated despite weaker inflation, given there’s no appetite to deliver a dovish punchline with inflation still at historically high levels. But that could help AUD/USD break beneath yesterday’s bearish hammer and head towards the 0.6700 / 0.67100 zone, especially if Australia’s employment report comes in soft tomorrow (which reduced pressure on the RBA to hike).
But if the Fed surprise with a dovish pause and AU employment is strong, then a break (and daily close) above 68c seems feasible as bears ‘caught short’ continue to capitulate and bulls bet on another RBA hike.
AUDUSD H4 - Short SignalAUUDSD H4
We have now seen out the CPI figures, and for the moment, the trading zones on XAU, GBPUSD and AUDUSD are holding. I'd love to see rejections from 0.68 now.
Similarly, GBPUSD sitting on that 1.26 handle. Lets see what unfolds and if the USD can start to see a relief rally of some sort.