AUD/USD For Bearishyou can go short now
or
wait for pull-back at entry point and then go short
- General Trend is Down
- AUD under Pressure
have fun :)
AUDUSD trade ideas
AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Previous support at 0.6585 now becomes resistance.
A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level.
We look to Buy a break of 0.6585 (stop at 0.6560)
Our profit targets will be 0.6645 and 0.6660
Resistance: 0.6620 / 0.6660 / 0.6720
Support: 0.6560 / 0.6530 / 0.6500
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AUDUSD MELTDOWN COMING TO AN END?Fundamental Analysis:
Australian Economy: Monitor key indicators like GDP growth, unemployment rates, and inflation. The Reserve Bank of Australia (RBA) interest rate decisions and statements can significantly impact the AUD.
US Economy: Pay attention to the Federal Reserve's interest rate policy, inflation data (CPI), and employment reports (NFP). These factors heavily influence the USD.
Technical Analysis:
Price Action: Look at recent price movements, key support and resistance levels, and chart patterns (e.g., trends, reversals).
Indicators: Use indicators like moving averages, RSI, and MACD to assess momentum and potential entry/exit points.
Sentiment Analysis:
Check the positioning of traders through COT reports or sentiment indicators to gauge market sentiment and potential reversals.
AU sell Overall trend is still Sell.
When the market make a lower low. We wait for a pullback for entry in Sell
AUDUSD UPDATE - Can Support Hold for Correction Attempt?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
If Support holds, we might be treated to the overdue correction relief.
If not, the hammer will remain in charge!
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUDUSD BEARISHAUDUSD bearish in h1
printing lower low& lower high
no sign for revesal bullish
move in a descending channel
AUDUSDThere is reversal pattern of Double Bottom have bullish divergence also. So we wait for the breakout of the neckline then take buy entry.
Scenario audusd (ii)This is actually a continuation of the scenario before that on the chart you can see my speculation on filling the space around the price of 0.64802 where there is strong support, if the price does not break through then there will be room for a bullish scenario.
AUD/USD Faces Continued Declines Amid High OptimismHello,
OANDA:AUDUSD has experienced significant declines, and this trend is likely to continue until the pair finds adequate support. Key support levels to monitor are 0.656921 and 0.632512. Currently, optimism is at its peak, but further declines are anticipated before any potential upward movement occurs.
TradeWithTheTrend3344
SMALL RISE ON AU??Price is holding the 15 min low in the current range indicating a small retracement is on the cards. Target is the 15 min inverse resistance where the overall bearish trend is likely to continue from.
ONLY TIME WILL TELL.
AUDUSD🇭🇲🇺🇲 Bearish momentum continuesSince the US Dollar has been gaining strength every currency it's pairs against keeps declining and that's what's happening with AUDUSD.
AudUsd Trade IdeaAnother bearish pair and set up I'll look to get into this morning is gonna be AU. AU is extremely bearish on all time frames. Price is currently approaching a LH at a solid level of resistance as well so going short from that level would be ideal for me. I'll personally be waiting on lower time frames to flip from that level before looking to get into any shorts. We'll see what happens. I'll be looking to target the lower low with stops just above structure and the resistance level.
AUDUSD: 4D/4H Curve AnalysisPIVOT HIGH = Resistance @ 0.69348
PIVOT LOW = Support @ 0.64724
⚠️ HIGH RISK SELL ORDER
(with tight stop loss)
FINAL TP @ 0.6565
AUDUSD holding channel and key Fibonacci levelIntraday Update: The AUDUSD has come very close to the 61.8% retracement at .6575 after bouncing off channel support. Expect this to be support today on any dip.
DeGRAM | AUDUSD rebound from the channel boundaryAUDUSD is moving in a descending channel under the trend lines.
The chart has already reached the lower boundary of the channel and the support level.
The price has approached the trend line.
We expect growth after consolidation above the trend line.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDUSD BUY STOPAUDUSD is making lower Highs and lower Lows, it is in down trend but now it formed RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LH
Trade idea - AUDUSD Short1H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Sell.
1.5% risk.
Aiming to take full profit at Daily TP.
Possibility of uptrend It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. If the support range is broken, the continuation of the downward trend is likely
Read the AUDUSD MarketLet's Look at AUDUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
Potential bullish reversal?AUD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6586
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 0.6530
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 0.6646
Why we like it:
There is an overlap resistance level.
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AU Short - looking for price to pull into VA / POC and then sellers to step in. then I will look to ger in.
I'll Long AUDUSD If This HappensI've been following AUDUSD closely, and since February 2021, we've been in an extended downtrend on the monthly timeframe. However, for the first time, we saw a break of structure (BoS), as the September monthly candle managed to break and close above the previous monthly LH. This break of structure is notable, as it could indicate a potential shift in the long-term trend.
Though the impulsive move that resulted in September's break of structure wasn’t the strongest, likely due to price respecting the month-long trendline, it'll be interesting to see if buyers can defend price so that the current monthly HL isn’t taken out by sellers.
While we’re seeing a large sell candle in October, buyers can still be considered in control as long as the monthly HL remains unbroken. Let’s move to the weekly timeframe to see if any interesting price data emerges there.
On the weekly timeframe, as seen in the chart above, the previous weekly HL has been broken meaning sellers are gaining control over the buyers as they were able to break and close below the previous low. Not a single rejection.
But does this mean we should all scream sell and short the life out of AUDUSD? Well, our business is not to be on the sell or buy team, our concern should be to make money regardless of the market trend. To do that, we need to look for patterns that suggest the probability of one outcome over another. That’s exactly why we’re doing this top-down analysis. So far, from the monthly timeframe down to the weekly, nothing has clearly indicated where we should buy or sell, even though we’re seeing strong red impulsive candles. Next, let's check the daily.
Now, take a look at that pattern on the daily timeframe. What pattern is that? A bird pattern? Or maybe a plane pattern. (I'm Joe King.) It’s actually a falling wedge, a reversal pattern. But does that mean we should start buying AUDUSD? Not yet. It means we should start watching for a change in structure, perhaps on the 4-hour timeframe. Only then should we look out for our entries.
Still no trading decision, so let’s check the 4-hour next. Please stay with me.
Still no trading decision on the 4-hourly, but there’s a plan. If price can impulsively break the 4-hourly LH at 0.66611 and stays above, then I’ll be looking for a buy on a pullback, probably on the 1-hour timeframe, where I typically look for entries.
But… what happens if price continues to trend down? Since I trade based on structure, I’ll be watching for price to pull back after breaking and trading decisively below the weekly HL at 0.66220 .
One key lesson I’ve learned in my trading journey is that it’s not just about price breaking a zone; it’s about how it breaks it. From the weekly, we saw price break the weekly HL at 0.66220 . But as we scale down to the daily and 4-hourly, the pattern behind this break hints at a possible reversal.
What are your thoughts on AUDUSD this week? Please share in the comment.
My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
