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AUD/USD (OANDA EU Clients)

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AUDUSD.PRO.OTMS trade ideas

AUDUSD: Top of Megaphone hit. Reversal expected.AUDUSD is almost overbought on its 1D technical outlook (RSI = 68.054, MACD = 0.006, ADX = 53.204) as the price reached the HH trendline at the top of the Megaphone pattern. The 1D MACD printed a sequence almost identical to the December 28th 2023 top, which soon after declined to the 0.5 Fibonacci level. Consequently, we take this as a strong sell signal, aiming at the 0.5 Fib (TP = 0.66500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUDUSD Possible SELLThe market is currently showing a possible daily reversal chart pattern. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern also. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
MarketBreakdown | AUDUSD, USDCHF, EURGBP, GBPCAD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #AUDUSD weekly time frame 🇦🇺🇺🇸 The market opening is very bullish for the pair. We see a breakout attempt of a major horizontal weekly resistance. If a weekly candle closes above the underlined blue area, it will open a potential for much more growth. 2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The market is currently consolidating within a relatively wide horizontal parallel channel. The price is currently approaching its support. With a high probability, a consolidation will continue, and we will see a bullish movement from that. 3️⃣ #EURGBP daily time frame 🇪🇺🇬🇧 The price violated a significant daily/weekly horizontal support last week. Because the pair is trading in a long-term bearish trend, such a violation indicates the strength of the sellers and a highly probable bearish continuation. 4️⃣ #GBPCAD daily time frame 🇬🇧🇨🇦 The market is trading in a strong bullish trend. Currently, we see a breakout attempt of the resistance based on a current high. If a daily candle closes above that, it will confirm a bullish continuation. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
AUDUSD Short Fakeout TradeAUDUSD Short Fakeout Trade We closed above Previous Day High + Weekly High with and return below the zone, structure Stop Loss 10 pips above the new wick: 0.69536 Take Profit: 0.69130 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 and later H1 Close the loser before hitting full SL if price moves back to the breakout level without follow-through. Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
Short
by Marteyfx
1
Weekly Forecast - Dollar Sell-off Looks AttractiveWhile price has been largely corrective on the dollar, price continues to trade lower in that corrective manner so instead of anticipating the deeper correction (which will come sooner or later), We should focus on what price is doing right now and trade accordingly. GBPJPY & USDJPY both had aggressive sell-off's out of key daily areas last week, which makes achieving the daily downside targets highly probable. I'll be monitoring the current correction on both these pairs for continuation lower. EURUSD & AUDUSD are both not on watch due to daily upside targets being achieved and no longer trading within a daily range as per my plan so I'll be risk off on these until the respective 4H structure's shift to the downside and a counter-trend is established towards fresh 1D EPD. Further upside appreciation can be expected on both these pairs in line with the DXY bias.
Long
by The_Modern_Day_Trader
AUDUSD InsightHello, dear subscribers! Please feel free to share your personal opinions in the comments. Don't forget to hit the booster and subscribe! The U.S. Personal Consumption Expenditure (PCE) price index for August has been released. It came in at 2.2% year-over-year, falling below both the market's expectation of 2.3% and last month's figure of 2.5%. The core PCE price index also fell short of expectations, increasing by just 0.1% month-over-month compared to the expected 0.2%, indicating a slowdown in inflation. The release of the PCE price index put downward pressure on the dollar. Meanwhile, in Japan, former LDP Secretary General Shigeru Ishiba, who is considered a supporter of the Bank of Japan's interest rate normalization path, has been elected as the next Prime Minister. If Shigeru Ishiba takes office, it is expected that the Bank of Japan will face pressure to raise interest rates, which has led to a strengthening of the yen. On the 24th, the Reserve Bank of Australia held its key interest rate steady, but stated that it would not rule out further rate hikes, as inflation has not yet shown signs of slowing. Reuters reported that the possibility of a rate cut by the RBA within the year has been lowered from 64% to 59%. - October 1: Fed Chair Powell’s speech, Eurozone September Consumer Price Index - October 4: U.S. September Non-Farm Payrolls, Unemployment Rate AUD/USD has successfully broken through the resistance line of 0.69000, suggesting further gains up to the 0.71500 level. Given the weakening outlook for an RBA rate cut, AUD/USD is expected to gain further momentum. However, it is still uncertain whether it will break through the resistance at 0.71500, and we will reassess the direction once it reaches the high point. If, contrary to expectations, a downtrend emerges, we will adjust the strategy accordingly.
Long
by shawntime_academy
FULL AUDUSD ANALYSISHello my wonderful community ! I’m back again
I really appreciate you guys for reviewing my charts Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here. The colors for each line/zone Monthly - Yellow Weekly - Orange Daily - Green 4H - Red 1H - Purple My Monthly chart view: Ever since 2021, price has been in a downtrend by making Lower highs and Lower lows. Price breaks a major Support area and turns it to a dynamic resisitance area and respects the EMA 50.
Take note as price is in a range and respecting the newly formed monthly resistance line (0.7050) and support line (0.6300). My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from 2022 until 2023 displaying a down trend. 
Price is currently not making lower lows and has been ranging from the beginning of 2023 till recent 
Last week price made a new higher high. Going down further to get clarity My Daily chart view:
Price is in an uptrend after breaking the daily resistance in green (0.68700), Waiting on a retest or more volume from the bulls to see price start heading for the Monthly resistance line in yellow.
Until then I will go down to smaller timeframes to see market setups My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer
So I’ll go further and look for buy Setups as bulls seems to be coming in strong with rising momentum after the break of the daily resistance line in green(0.68700) To play safe for me to feel comfortable in capturing a buy setup , I’m waiting for a few confluence to put the odds in my favor , probably wait till the end of the first week of October 
 My 1H chart view:
On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for buy entries that is validated by my own trading style 
Fibonacci tool will be good once I can see a formation of the last trend line, I’m patiently waiting for the market to reveal itself.
I will be back to review this trade and see how things go 


Avoid entry of any trade during any major news that will affect price and this is not financial advise

 -> NEWSCHOOLTRADER
Long
by newschooltrader
AudUsd Trade IdeaI see 3 potential moves happening for AU. Price either retest the previous higher high to continue bullish up to 69350, respect the last higher low at 68750 to confirm a bullish range between 68750 and 69350 or break bullish structures to respect the overall range of 68200 and 69350. Price has been ranging between 68200 and 69350 since last week so we'll see if this week price can break the range and head to the upside or continue ranging and possibly crash below 68200 for the week. We'll see.
by OfficialJ23