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.
Aussie
AUDUSD H4 | Aussie running into resistance?AUDUSD could head into an overlap resistance that sits just above the 78.6% Fibonacci retracement level. Price could hit the sell entry at 0.67509 and potentially reverse to drop lower. Take profit is at 0.67087 which is an overlap support. Stop loss is at 0.67933 which is an overlap resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
✅AUD_NZD SHORT FROM RESISTANCE🔥
✅AUD_NZD will be retesting a resistance level soon at 1.107
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
AUDNZD will go downPair Name: AUD/NZD
Time Frame: 4hrs Chart
Direction: short
Comment:
📢 Market Update 📉💰
📊 It appears that we could witness a bearish price movement based on the current technical analysis. The price has successfully filled the existing imbalance and encountered resistance at the prominent level of 1.09000. My target is to exploit the significant downward potential required to balance the market.
💱 At the moment, the AUD-NZD pair is undergoing a bullish correction. However, my analysis suggests that we might anticipate a downward shift in the near future. Consequently, I recommend considering a selling position to take advantage of this expected move.
Stay tuned for further updates and trade wisely! 💹💵📈
❤️ Please, support my work with Like and subscribe to never miss a new idea! - thank you!❤️
Potential swing trade short on AUD/USDThe AUS/USD is within an established bear trend on the 4-hour chart, and closed to a fresh YTD low on Friday having broken beneath the March and April lows.
Prices have managed to retrace over the past two days during lower-liquidity trade whilst the US dollar’s rally took a breather. For now, we’re looking for evidence of a swing high below or around the 0.6550 – 0.6572 zone which includes the weekly pivot point, March and April’s lows.
We note that some of the heaviest volume during its previous leg lower is at 0.6532, which suggests bears are caught short whist prices retrace higher. SO whilst we see the potential for another burst higher, it’s important prices remain below 0.6580 (otherwise we can expect bears to cover and trigger a short-covering rally).
The initial target is around the 0.6500 handle / last week’s lows, a break beneath which brings the 0.6450 / weekly S1 and 0.6400 lows into focus.
AUDJPY: Classic Bearish Reversal 🇦🇺🇯🇵
On a today's live stream, we discussed AUDJPY.
The price was steadily growing within a rising wedge pattern.
Once a key daily resistance was reached, bears managed to violate the lower boundary of the wedge.
It looks like a bearish reversal is ahead.
The market may drop to 90.15 / 89.35
❤️Please, support my work with like, thank you!❤️
AUDUSD H4|Approaching 23.6% FiboAUDUSD is approaching a key resistance level and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.65443
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 0.65801
Why we like it:
There is an overlap support
Take Profit: 0.64582
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDUSD - Don't need NY sessionOANDA:AUDUSD
After NY didn't disappoint with its usual tight range, got my 10pips on the AUDUSD on the heels of Asia open.
Yes, I am bitter with the NY session being not friendly to the charts.
They say yeah, "the London/NY overlap is the best," yeah "NY has the highest volume.."
Sure, let the sheep follow.
Im no sheep, I dont buy into that garbage, LOL
EURAUD: Swing Long Setup Explained 🇪🇺 🇦🇺
EURAUD is trading in a long-term bullish trend on a daily.
After a correctional movement, the price formed a double bottom pattern with a higher low.
Its neckline went broken yesterday.
I expect a bullish trend continuation.
Goals: 1.66 / 1.671
❤️Please, support my work with like, thank you!❤️
AUDNZD Will Keep Falling! Here is Why: 🇦🇺🇳🇿
AUDNZD broke and closed below a key horizontal structure support on a daily.
The broken structure and a falling trend line compose a contracting supply zone now.
A bearish continuation will be expected on the pair.
Next goal - 1.048
For entries, consider the underlined blue area.
❤️Please, support my work with like, thank you!❤️