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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

Trade Recaps: USDJPY-LONG, GBPJPY-LONG, 21/11/2024UJ & GJ Bias Analysis: Both setups were very similar so correlation risk was high and I was effectively risking 1% on 2 separate setups. The Daily was trading at a premium, however after price began re-establishing a bullish counter trend, we pulled back into Internal range liquidity, mitigating the 62.5% and 70.5% fib levels on UJ & GJ respectively. Long entries were in line with the 1H bullish ranges and entry confirmation was achieved by means of a 15M reversal candle and Micro-timeframe confluence (1M Market Structure shift or 5M FVG inversion). Grade: - UJ: High Risk - GJ: Low Risk What I did well or could've done better: - I choked my stop losses on both pairs as I was trying to achieve the highest possible R:R. This led to being stopped out after price traded lower on both pairs to sweep MTF TBL. - I was focused and identified re-entry opportunities. I stuck to my trade management plan and only executed a re-entry on GJ as my plan allows for 3 maximum consecutive losses per day.
Long
by The_Modern_Day_Trader
AUDUSD Down/Sell.....primarily due to the strength of the US Dollar and the hawkish stance of the Federal Reserve, which suggests limited interest rate cuts in the near future. This contrasts with the Reserve Bank of Australia (RBA), which, while hawkish, is cautious about inflation and will adjust policies based on economic data. If US economic data continues to be strong, particularly inflation or employment numbers, it will likely support the USD, putting downward pressure on the Aussie. Additionally, rising global tensions, such as the Russia-Ukraine conflict, increase demand for safe-haven assets like the US Dollar, further limiting the upside for AUD.
Short
by hemal0311999
AUDUSD - Can We Muster a Break Upwards?20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends, your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: If price can break and hold above 0.65208, a short-term rally is possible. Bullish structure developing, can it hold? *** Keep in mind we have a 1D Tweezer below 0.65208 + We are still below Daily SMA cross. I deeply appreciate you taking the time to study my analysis and point of view. KEYNOTE: The most important to consider always, before you leap: When you jump in the river, make sure you are swimming "WITH" the current!!
by ANROC