AUDUSD NEXT MOVE POSSIBLEAUDUSD NEXT MOVE POSSIBLE....
The AUD/USD pair is awaiting a sell from the order block.
AUDUSD trade ideas
AUDUSD Bullish ScenarioThe price level of 0.66225 is broken, we can expect AUDUSD to turn bearish until it reaches the demand zones on the chart. After it touches the demand zone, we’ll monitor the market structure, looking for a change of character on both lower and higher time frames. Entering a short term or even long term buy setup could then be suitable, but only with confirmations from the higher time frames.
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Is the Australian dollar a buy? I think so!A beaitiful wedge pattern may have completed as 10/26/2024. I am going out on a limb to call this a bottom! So trade at your own risk, as this is for educational purposes only! Good luck with your trading!'
AUDUSD - Bullish Breakout Scenario20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
A "Falling Wedge" pattern is usually a good indication of a possible trend reversal.
First, a clear breakout and retest of this wedge is necessary.
Anything is possible.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
Shorting My Fave Currencies AgainDISCLAIM : I AM NOT POSTING THIS FOR ANYONE TO TRADE ON MY BEHALF I AM NOT A FINANCIAL ADVISOR PLEASE KNOW YOUR TRADES ARE YOUR OWN CHOICE . DYOR
As A Returning Trader, I Have Been Watching Trader News And Other Traders Trade Ideas. I Am A New Oanda User So I'm Learning The Platform And Timing With My Entries And My Exits.
I Have Been Considering Short Trades During The First Few Days Of The Week As The DXY Seems To Continue To Rise My Most Watched Pairs Are AUD/USD, EUR/USD, And GBP/USD And Occasionally USD/JPY But My Focus Are The First 3. (I May Trade These Currencies To Focus My Trades With Gold But In The Meantime) The Dollar Value Has Gone Up For 4 Weeks Now And If It Continues Thes Pairs Will Still Be Good For Shorts. Im Posting This On A Saturday Checking My S/R Levels For The Upcoming Week...
Im Not Too Confident About Exact Numbers But AUD/USD Has Already Broken Support For Me.
GBP/USD And EUR/USD Have Already Made It To My .50 Fib By Friday But Theres Still Room For Movement I Might Wait For A Little Bit Of Retracement Before I Think About An Entry .
Any Seasoned Traders I Would Appreciate Any Feedback Or Ideas You Are Willing To Give.
AUDUSDThere is Bearish trend but we found Bullish Divergence and also Falling Wedge reversal Pattern. So, will take entry when the reversal will be confirm when it will break the last LH.
Using Renko Charts to Uncover SECRET Bank LevelsRenko charting has a unique way of displaying price data by filtering out smaller fluctuations and focusing only on substantial price moves. With a setting of Average True Range (ATR) 13, Renko charts become even more powerful for finding key institutional levels—what many traders call "secret bank levels." These are the levels where large institutional traders place their orders, often leading to significant price moves. In this tutorial, we’ll dive into how you can use Renko charts with an ATR setting of 13 to identify these bank levels and improve your trading strategy.
What Are Secret Bank Levels?
Institutional or bank levels are price points where big players—like banks and hedge funds—are likely to buy or sell in large quantities. Retail traders can leverage these levels by understanding where the big money is moving, aligning their trades accordingly. Renko charts, with their clarity in price movement, help identify these areas by smoothing out noise and highlighting essential support and resistance zones.
Why Renko Charts?
Renko charts are designed to filter out minor price movements, providing a cleaner view of market trends by focusing solely on significant price changes. Unlike time-based charts, Renko charts print a new "brick" only when price moves by a specified amount, determined here by the ATR 13 setting. This brick-by-brick approach can reveal clear levels where price repeatedly finds support or resistance, often signaling where major institutions are setting up their positions.
Setting Up Renko with ATR (13)
Choose Your Charting Platform: Most charting software, including TradingView and MetaTrader, offers Renko charting. Make sure your platform supports Renko and ATR-based calculations.
Configure Renko with ATR (13):
Open the Renko chart on your selected asset (e.g., EUR/USD, GBP/USD).
In your settings, set the brick size to use the ATR indicator and specify an ATR length of 13. This setting is designed to adjust the brick size based on the recent average true range, capturing a balanced view of price movement.
This 13-period setting adapts to recent market volatility, allowing Renko bricks to reveal significant price movements that matter to large institutional players.
Adjust Timeframes:
Since Renko charts don’t follow traditional time-based intervals, switch between higher and lower timeframes (like the 1-hour or 4-hour charts) to observe different levels of institutional interest. Higher timeframes generally provide more reliable secret bank levels, but you can switch to lower timeframes for refined entry points.
Identifying Bank Levels with Renko and ATR (13)
Now that your chart is set up, let's move on to the process of identifying institutional levels.
1. Look for Brick Clusters at Key Levels
Renko bricks tend to form clusters at significant institutional levels. When you see several bricks stacked horizontally with little movement, it often indicates a zone where price is struggling to break through, either as strong support or resistance.
Use these clusters as potential entry or exit points, aligning with the institutional flow.
2. Identify Breakouts and Rejections
When price breaks out of a cluster or encounters rejection (where bricks reverse direction after hitting a level), you may be witnessing bank-level reactions.
Watch for bricks that quickly shift direction after hitting a level—these can signal that institutions have stepped in to either push price further or halt its momentum.
3. Note Patterns and Reversals at Round Numbers
Banks and institutions often place orders at round numbers, which are psychologically significant levels (like 1.2000, 1.2500).
As Renko charts with ATR (13) are sensitive to significant price changes, they can help highlight when price respects or bounces off these round numbers, offering clues to potential institutional zones.
Practical Example: Trading Secret Bank Levels with Renko
Let’s say you’re analyzing EUR/USD on a Renko chart with an ATR 13 setting.
Identify Clusters at 1.2000: After setting up your chart, you observe a cluster of Renko bricks at 1.2000, indicating a strong support zone. This level has held multiple times, suggesting institutional buying interest.
Wait for a Brick Breakout: You then see price breaking out with consecutive Renko bricks closing above 1.2000. This breakout suggests that the buying pressure might push prices higher.
Enter and Manage Your Position:
Take a buy position after confirming the breakout. Set your stop loss just below the cluster at 1.1980 to minimize risk.
If you’re looking for a shorter-term position, aim for profit at the next round number, like 1.2100.
For a longer-term trade, follow Renko’s direction, adjusting your stop as the bricks move.
Tips for Trading Bank Levels with Renko and ATR (13)
Trust Your Levels: Renko charts can simplify your analysis, but it’s easy to second-guess your levels. If you’ve identified strong clusters or patterns at certain price points, trust your analysis.
Use Alerts to Avoid Over-Trading: TradingView and other platforms allow you to set alerts at specific price levels. This way, you won’t need to stare at charts all day.
Thank you for watching and feel free to leave a comment to let me know your thoughts on Renko and if you see yourself using this chart type.
-TL Turner
AUDUSD Possible Reversal?With my analysis I believe AU is looking very cheap to buy into, there's been momentum slowdown in the past week from the sell off as the markets have been moving more sideways while staying bearish. A break above the latest high formed would confirm a MSS and indicate an accumulation playing out.
AUDUSD - Any Sign of Serious Green Yet to be Seen.20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Resistance & Support - Dashed Green & Red Lines
Your interest motivates me.
How I see it:
The pair is being pounded by the dollar & uncertain economic climate.
A strong correction is yet to be seen.
Any hint of a rally should be hit on the head I believe.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUD_USD WILL GO DOWN|SHORT|
✅AUD_USD made a bearish
Breakout of the key horizontal
Level of 0.6640 while trading
In a downtrend which reinforces
Our bearish bias and makes us
Expect a further move down
SHORT🔥
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AUDUSD: Important Bearish Breakout 🇦🇺🇺🇸
AUDUSD broke and closed below a key daily support.
The broken structure turns into resistance now.
There is a high chance that the pair will continue falling
at least to 0.6568 support.
❤️Please, support my work with like, thank you!❤️
AUDUSD BUY ANALYSIS FALLING WEDGE PATTERNHere on Audusd price form falling wedge pattern and now try to rise which means that if line 0.66883 break then trader should go for LONG with expected profit target of 0.67675 and 0.68713 . Use money management
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 0.6638 which is
Now a resistance and
As the breakout is confirmed
We will be expecting a
Further move down
Sell!
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Check out other forecasts below too!
AUDUSD long ideaI like that 0.66200 held, I want to see 0.66320 hold and then new highs above 0.66615.
AUDUSD Short term Buy ScenarioAUDUSD finally gave us confirmation on both lower and higher time frames. We can wait for a retracement to enter a short-term buy setup. This setup is suitable for high rewards, though I’d recommend a max of 2R since we still need more confirmation from the higher time frames. It’s expected to be bullish in the coming days or even weeks.
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
AUDUSD SellMarket is ranging in this area.
Market failed to make a new higher but manage to make 2 lower low from Asia and London just now.Based on that we are going for sell now.
We are targeting the PL as TP and the previous Asia high as stop loss area.
Entering the trade early as there is less momentum at the moment.
Once the momentum build up, will look for a downside confirmation before finalizing the trade.
AUD/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 17H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.674 area.
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AUDUSD Parallel Channel BreakoutAUDUSD broke the Parallel Channel on down side and after retesting channel lower leg we can see the sell opportunity.
Manage your risk according to your Account size!
AUDUSD pays attention to the Cypher pattern belowOn the daily chart, AUDUSD maintains a downward shock, and the bears have the upper hand. At present, attention can be paid to the resistance near 0.6660. If the rebound is blocked, it is expected to continue to fall, and the downward target is around 0.6475. When the price reaches 0.6475, attention can be paid to the potential bullish cypher pattern.
AUDUSD at Support line Ready for Bullish moveThe market is at the support level or on the neckline, where the head and one shoulder are fully completed, now the market will complete its second shoulder. Have you ever spotted a head and shoulders pattern in your forex charts? 👀 This classic pattern could be your key to anticipating market movements! #ForexAnalysis #ChartPatterns #LearnToTrade"
!!!SELL!!! AUDUSD HAS REACHED A DAILY INTEREST ZONEHELLO TRADERS I AM VERY INTERESTED IN THIS AUDUSD PAIR TO SELL IN THE NEXT SESSIONS VERY PROBABLY
TECHNICAL ANALYSIS
CONFLUENCES FOR SELLING AT THE MOMENT
1.- weekly bearish time frame
2.- daily bearish time frame
3.- 4 hr bearish time frame
4.- we are at the last point of the daily structure
5.- we are in a daily interest zone
why do I like it?
The price is currently in a daily interest zone that has been rejected repeatedly in the past in the daily time frame.
We are retesting the previous lowest low (October 21 and October 22)
The price has 3 time frames in tune (weekly, daily and 4 hr), so the most logical thing is to look to sell.
I will wait for the chart to show me more confluences before entering a trade and I will also wait for the outcome of the next few hours to look for a confirmation that gives me a market entry signal to apply my strategy. At the moment I do not have any trades in this pair, wait for new updates and be on the lookout for my market entry signal.
If you like my idea follow me and comment, I will respond to suggestions and comments!
AUDUSD long ideaI like we have found support on HTF i want to see it stay away from 0.66200 and make its way above 0.66615
