AUDUSD trade ideas
Precision Trade Setup on AUD/USD with a Bullish Gartley PatternThe AUD/USD is setting up for a potential reversal near a key harmonic "Gartley" formation. This advanced technical structure, combined with critical confluences, highlights an area of high-probability trade opportunities.
Strategy: Buy at the Reversal Point (D)
Rationale:
The harmonic Gartley pattern suggests a potential trend reversal near 0.628, aligning with a long-term trendline and a horizontal support zone (highlighted in purple). RSI indicates oversold conditions, and the TDI shows bullish divergence, reinforcing the case for a recovery. A significant risk-reward ratio makes this trade an attractive opportunity.
Trade Parameters:
Entry Zone: 0.628
Stop Loss: 0.657
Take Profit: 0.6457
Risk-Reward Ratio: 1:3+
While the technical setup is compelling, it is crucial to remain vigilant about price action in lower timeframes. Always confirm price action before entering a position.
AUDUSDI think the bulls just begun.Looking patiently to see what happens overnight.
AS you can see my stop loss is really tight . Not looking for much risk as price may push down for the last time.
AUDUSD - Simplified20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Pair remains severely bearish.
Any TP can serve as a strong enough support for a reversal
Firstly, a series of quality HL's is required
A 1D break, and body close above confluence could be a good bull signal
Keynote!
The RBA will have to intervene in some shape or form against the new $ strength.
I deeply appreciate you taking the time to study my analysis and point of view.
AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.633.
Considering the today's price action, probabilities will be high to see a movement to 0.637.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDUSD shortWe expect a continuation of the short on Monday into SSL after confirmation.
TP: 0.63360
SL: 0.63850
AUD/USD Bearish Momentum Towards 0.63365The Aussie is currently at 0.6400, Looking for a Bearish Run towards 0.63365.
Then at 0.63365, looking for potential reversal or continuation of the market.
Update levels AUDUSD 11.12.24I had to modify this analysis a little because I interpreted the closing triangle here which was wrong, plus I added some levels here and overall I think the market will go a little lower around the price of 0.62700, we could finally create an SFP from this zone, we could move somewhere for the price, easily around the level of 0.67, which is also the point where there is poc level suppor and the fibo level of 0.618, but for now it's still just a matter of waiting.
AUDUSD long, after bottommingLet the current drop complete (it will be a sharp drop). It isn't, though, like a catching a falling knife. Rather, it is like taking a pair at the bottom and riding the next swing up.
AUDUSD-BUY strategy Daily chart GANN SQThe pair is very oversold, and it requires corrective action. RSI very low, and also we are well GANN supported but require to overcome the resistance at 0.6430 area.
Strategy BUY current 0.6360-0.6375 and take profit near 0.6478 for now.
AUDUSD POSSIBLE BUYBased on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS 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.
AUDUSD Wave Analysis 16 December 2024
- AUDUSD reversed from support zone
- Likely to rise to resistance level 0.6400
AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band.
The upward reversal from the support zone stopped the previous impulse waves 3 and (3).
Given the oversold weekly Stochastic and the strength of the support level 0.6350, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6400.
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell.
Bearish Targets📉:
0.63980 : Possible retracement area.
0.63850 : Possible retracement area.
0.63800 : Possible retracement area.
0.63600: Possible retracement area.
0.63650 : Significant supply zone.
0.63500 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
AudusdThe general trend is down and there is a downtrend. The stop and stop loss are shown in the picture.
AUD/USD Testing Key Support ZoneChart Analysis: The Australian Dollar is testing a critical support area as it hovers near 0.6375 and 0.6285 (pink horizontal lines), levels that have held firm multiple times over the past year.
1️⃣ Support Retest:
The price has approached this zone, which acted as support in November 2023 and March 2024. Traders often watch such levels for potential rebounds or breakdowns.
2️⃣ Moving Averages:
50-day SMA (blue): Trending downward, reflecting short-term bearish momentum.
200-day SMA (red): Flat-to-downward slope, signaling a weakening long-term trend.
The price remains firmly below both SMAs, reinforcing bearish sentiment.
3️⃣ Momentum Indicators:
RSI: Hovering near 36, indicating weak momentum but not yet oversold. Traders might monitor for any divergence signals.
MACD: Bearish momentum persists with the signal line below zero and no clear crossover in sight.
What to Watch:
If the price decisively breaks below 0.6285, it could open the door for further downside.
On the flip side, a rebound from this support zone might see a test of the 50-day SMA near 0.6550.
Monitor RSI for any bullish divergence and price action around these key levels.
The AUD/USD remains under pressure, with a critical support test underway. Traders may find clarity as price action unfolds near this zone.
-MW
AUD_USD LOCAL LONG|
✅AUD_USD fell down sharply
But a strong support level was hit at 0.6337
Thus as a rebound is already happening
A move up towards the target of 0.6400 shall follow
LONG🚀
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Is this a bottom for AUDUSD?It's been a fantastic move lower, but is 0.6400 a spot for a reversal?
Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year.
Trend: LSMA moving lower since 10/21/24
Momentum: Bearish
Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom?
Chart Pattern: None
Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target
Fundamentals: No news this week or next
Trade: None
Stop: None
AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Smart Money AUDUSDLooking for a major move up to clear all the engineered Buyside Liquidity that was left behind from the previous week trading sessions. While retail is chasing the sell side, I believe the bulls are stepping in this week to take out buy stops and offload positions. Follow for more!!!
AUDUSD Trade SetupFor those looking to enter this trade, you can take an entry now with a tight and light stop-loss.
For those who prefer a safer approach, wait for the break of wave 4, followed by a retest, and then enter. This method offers greater security.
The triangle pattern has formed successfully. However, keep in mind that most chart patterns are often designed to manipulate traders by breaking and moving against their positions.
As for me, I’m not concerned about such manipulations. I have a strict risk management plan in place, and I’ve identified two key entry zones as marked on the chart.
IS AUD/USD ON THE BRINK OF BREAKING STRONG SUPPORT?
FUNDAMENTAL VIEW
Later today, markets will focus on U.S. PMIs, with manufacturing PMI forecast at 49.4 and services PMI at 55.7. On Tuesday, at 5:30 PM GMT+4, key data releases include USD core retail sales and retail sales, expected at 0.4% and 0.6%, respectively.
On Wednesday, December 18, the spotlight will be on the Fed funds rate decision, with markets pricing in a 25bps cut during the December policy meeting. On Thursday at 5:30 PM GMT+4, USD GDP q/q is expected at 2.8%, alongside weekly unemployment claims projected at 245k. The week concludes on Friday with the U.S. core PCE m/m release, forecasted at 0.2%.
TECHNICAL VIEW
On the daily time frame, price action is consolidating within a defined range, with the upper red rectangle serving as strong resistance and the lower green rectangle acting as firm support. The price is struggling to break and close below this support zone. The RSI is near the oversold level of 30, suggesting a potential reversal, reinforced by the historically strong support at this level.
If bears succeed in closing the price below 0.63366, the pair could drop to the October 25, 2023, low of 0.62748, and potentially to 0.62001, almost a four-year low. This scenario could align with a strong dollar and political factors such as Trump's second term. Conversely, if bulls manage to push the price above 0.64742, the next target would be around 0.65488, signaling a possible bullish reversal. The coming days will provide clarity on the direction.
