Australiandollar
AUDUSD Long TermAUD Weakness will be Over in Near Future.
Bullish Momentum will resume near 0.65000-0.66000 Area.
Wait for Price Action to Confirm Bulls Entry in Order Block Zone.
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved.
Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading.
The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management
AUDJPY Testing the 2-year Higher Lows Zone.The AUDJPY pair hit last week the 1W MA100 (red trend-line) for the first time since November 04 2020, while entering the Higher Lows (dotted) Zone that started around the same time. As you understand this is a critical Support cluster, considering that Support 1 (87.100) is also holding. If broken, we will sell aiming at the top of the 2021 Support Zone at 80.500. As long as it holds, we are bullish targeting the 1D MA200 (orange trend-line) at 92.000.
Keep in mind that it was the 1D MA200 which made an exact double rejection on a potential bullish break-out on February 14 and 21. A 1D candle close above it will be a buy break-out signal for us, targeting 98.000.
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AUDNZD: Classic Top-Down Trading Setup 🇦🇺🇳🇿
AUDNZD reached a solid horizontal structure resistance.
The price formed a doji candle on 4h and a double top pattern on 1H time frame.
The neckline of the double top has just been broken.
I expect a retracement to 1.0767 / 1.0744
❤️Please, support my work with like, thank you!❤️
EURAUD - Double Bottom Pattern 📈on the Daily Time Frame, The EURAUD Price Broke The Daily Resistance Level !
The Broken Resistance becomes New Support Level ✔
Currently the price formed a double bottom pattern, The neckline Was Broken 🔥 and We Have a Good Target Ahead !
so! I Expect a bullish Move 🚀
i'm waiting for a retest...
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TARGET: 1.61550🎯
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AUDJPY: Reversal pattern on 4-hour chartOn the daily chart, the AUD/JPY pair is in a strong support area, where the yearly trendline intersects with the monthly uptrend line and a monthly zone, in addition to a bearish weekly trendline, Fibonacci 61.8%, and the 100-week moving average.
This indicates a high likelihood of strong price support at the level of 87.6. However, on the 4-hour timeframe, there are three consecutive bottoms and divergence on momentum indicators, which is a strong reversal pattern. The price needs to break through three obstacles, including a local downtrend line, a resistance level of 89.5, and the 50-period moving average on the 4-hour timeframe, before it can rise. Once these obstacles are overcome and the price stabilizes above 89.55, there will be a strong and rapid selling signal towards 91.5 as the first target and 92.8 as the second target.
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AUDUSDAUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURAUDHi
EURAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
GBPAUDHi;
good evening.
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
GBPAUDHi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURAUD Short ComingFactors to Look for:
Strong Price Rejection at Daily Bearish Order Block
H1 Structure Break (BOS)
Liquidity Above Equal Highs
Risk Disclaimer:
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved.
Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation.
Patience | Discipline | Trade Management
AUDJPY - Important Breakout !Hello Traders !
The AUDJPY Price Breaks the daily Support Level and breaks the daily support Line !
the support becomes new resistance !
so, i expect a bearish move 📉
i'm waiting for a retest...
TARGET: 88.765🎯
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if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
AUD/USD - Risk as markets price in possible RBA rate hikeThe minutes from the Reserve Bank of Australia (RBA) showed the Board was leaning towards a rate hike of 50bps and dismissing the idea of a pause in rate hikes. Markets expect the bank to raise rates by 24bps at their next meeting and reach a terminal rate of 4.28%.
The RBA's recent decision and data regarding the Wage Price Index will likely affect the Australian dollar.
The 50bps rate hike anticipated by the RBA will likely put pressure on the AUD, but the actual rate increase could be lessened by weaker-than-expected data from the Wage Price Index. The higher terminal rate of 4.28% could also put further downward pressure on the AUD. Overall, the RBA's actions and the upcoming Wage Price Index data are likely to impact the direction of the AUD.
(As written on 21 February 2023)
I forgot to post last night
GBPAUD Short IdeaPrice Rally Up to Balance the FVG. And Strong Order Block is there.
Wait for Price Reaction there to Indicate Some Confirmation.
Never Trade without Confirmation and Risk Management.
Risk Disclaimer:
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved.
Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading.
The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management
AUDJPY LONG SETUP (IDEA)Hello all!
Another Idea here, AJ looking INTERESTING!
The pair is in OVERALL DOWNTREND. However, we can look to BUY this pair until it Mitigates the SUPPLY marked on the chart.
Will enter of a CONFIRMATION only! Monitor LTF and look for a LONG position when the price touches Demand zone!
Take care!
AUDUSDIn this chart ( AUDUSD ), we see a disconnected channel pattern that will probably break upwards. In the lower time frame, we see a flag pattern that has the ability to continue based on the current momentum.
Of course, we have to wait until this channel breaks apart and then make a decision.
wait my friend...
EURAUD Short IdeaAggressive Market Outlook!
Price Reaching Rejection Block and QML Level. Bearish Flat in Progress.
Seasonal Tendency and Expected Hike in AUD by tomorrow from 3.35% to 3.60% will strengthen AUD in near future.
Risk Disclaimer:
Forex is only Suitable for those People Who Understand, and are Willing to Take on, the Financial and other Risks involved. Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading. The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management