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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

Rules of Motive WavesMotive Waves are the components of Elliot Wave structure. Motive Waves consists of 5 sub-waves of which 3 are impulse (In the direction of trend) and 2 corrective waves. The Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend. Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend. 🎲 Types of Motive Waves Motive Waves are broadly classified by two types: Impulse Waves Diagonal Waves Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal. 🎲 Rules of Motive Waves 🎯 Generic Rule of any motive waves are as follows Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa) This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low. Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end. Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three. Here is the pictorial representation of the rules of the Motive Waves For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves. 🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are: Wave-4 never overlaps with Wave-1 price range Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5 Pictorial representation of the impulse wave rules are as below: 🎯 Rules for the Diagonal Waves are as follows Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range. Wave-1, Wave-3 and Wave-5 are either in expanding formation or contracting formation. That means, we need to have either Wave-1 > Wave-3 > Wave-5 OR Wave-1 < Wave-3 < Wave-5 Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation. Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation.
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Education
by Trendoscope
5
Forex Pair :AUDUSD + 3 Step Rocket Booster StrategyThis forex pair FX_IDC:AUDUSD has showed up on my trading system which am using..The name of the trading system is called the rocket booster strategy now in this video I show you another indicator that can be used to boost this trading strategy This trading strategy + this indicator will really boost your understanding of the trading system Called the rocket booster strategy. Also remember that on the 19th Of October 2024 am going to reveal the "Top 13 Iron Wathclist" This watchlist is the one am going to be using to determine the market cycles of 2025 save that date. Rocket boost this content to learn more Also remember to watch this video again. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.
Long
by lubosi
HIGH PROBABILITY OF BUYING IN AUDUSD!HELLO TRADERS THIS IS MY MAIN TRADING IDEA FOR NEXT WEEK I HOPE YOU LIKE MY IDEA AND COMMENT WHAT YOU THINK TECHNICAL ANALYSIS CONFLUENCES FOR PURCHASE AT THE MOMENT 1.- bullish weekly time frame 2.- bearish daily time frame 3.- time frame 4 hr bullish 4.- psychological level 0.67500 why i like it? the price has reached a weekly and daily interest area, the time frame in 4 hours has changed from bearish to bullish, we will wait for a restest of the interest area to buy as soon as our entry signal shows. thank you read your comments.
Long
by FxAlexisTrader
AUDUSD SELL TF H4 TP = 0.6653On the H4 chart the trend started on Oct. 1 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 0.6653 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
Short
by WeBelieveInTrading
AUDUSD || UpdateKey Points U.S September Consumer Prices increase 2.4% from year earlier — previous 2.5% Core prices, which exclude volatile food and energy items, climbed 3.3% U.S inflation weakened in September, extending a streak of cooler readings Dow Jones Industrial Average recovered lost ground on Tuesday, Investors grappling with lower rate cut expectations after last weeks labor print XAUUSD: Gold jumps 1.5% S&P 500 Breaks out to new all-time high Monthly data on October hiring, due Nov. 1, will be the Federal Reserve’s last look at the labor market before its next rate-setting meeting As bears took over the AUDUSD market causing a -3.37% move from Sept 2024 high [previous post indicated price retrace towards key psychological resistance at the 0.685/0.68]. As stated earlier, the inflation, PPI reports and the Michigan consumer sentiment reports may prove key catalysts in determining the continuation or reversal of this pair. The key level around 0.67214 0.67153 0.67070 held support to the pair and price is currently trading at 0.67576 heading into the close of this weeks session. Key Levels 0.685 0.68 0.67 0.66 0.695
Short
by deusmanagement
2
#AUD/USD 1HAUD/USD 1H – Falling Wedge Pattern The AUD/USD pair on the 1-hour chart is showing a falling wedge pattern, which is a classic bullish reversal setup. This pattern indicates that the price, currently in a downtrend, may soon reverse and move higher. #Pattern Overview: -Falling Wedge: The pattern is defined by two downward-sloping, converging trendlines. The price moves within this narrowing range as selling pressure weakens over time, which often leads to a bullish breakout. #Forecast: -Buy Signal: The anticipated move is a breakout above the upper resistance trendline of the wedge. This breakout is considered a strong buy signal, suggesting the price will move upward as the bearish momentum fades. #Trading Strategy: - *Entry Point: Enter a buy position when the price decisively breaks out of the wedge and closes above the resistance line. - Targets: Initial targets for the move upward could be based on nearby resistance levels or prior price action highs. -Stop Loss: To manage risk, place a stop-loss below the most recent swing low inside the wedge, ensuring protection in case of a false breakout. This setup points to a buying opportunity upon breakout, as the AUD/USD pair is likely to climb after confirming the bullish reversal.
Long
by PIPSFIGHTER