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
AUDUSD trade ideas
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.
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.
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUDUSD NEXT MOVE POSSIBLEAUDUSD NEXT MOVE POSSIBLE....
The AUD/USD pair is awaiting a sell from the order block.
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.
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 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
correctionIt is expected that after some fluctuation, a trend change will be formed and we will see the beginning of the downward trend.
Then, according to the behavior of the price in the support range, possible scenarios have been determined
AUDUSD getting ready for a potential reversalThere's a pretty clear Ending diagonal pattern being created at the AUDUSD pair.
Savest way to take a long entry would be at the breakout of the channel.
Stoploss should be placed below the apex.
That would be a 2000+ pips trade.
Happy trading!
Pick of the Currency Outbreaks AUDUSD. More bulls ahead.
This is the Daily chart of AUDUSD. It's up well over 1% today.
It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie.
You can see in the chart of daily how the 200ema has turned in favour of the Aussie.
I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of buying.
If you look ahead on the Daily, you will see a huge head n shoulders bullish setup which the bulls will be chasing.
I wrote a month or 2 ago how I expected the Aussie to breakout, but the USD has also returned to strength.
We also saw AUD perform very strongly against a basket of of other currency's in the Asian session earlier.
AUDUSD / 4h / 06.10.24AUDUSD
1M
Price is moving towards SSL 1M liquidity (0.63455)
1W
Price has formed 1W FVG (0.66584 - 0.66171) and is testing it
1D
Price has received a reaction from 1W FVG
4H
Price has formed a downward 4H FVG
There is a one-candle withdrawal of liquidity and the formation of an autoblock.
The maximum is 0.66450 and it is protected.
The minimum is being formed.
We are waiting for a reaction from H4 FVG.
1W + 1M
#AUDUSD 2HAUDUSD 2-Hour Analysis
The AUDUSD pair is currently testing a trendline support level on the 2-hour chart and has recently formed a bullish engulfing pattern near this support. This combination indicates potential buying pressure, as both the trendline support and the bullish engulfing pattern suggest a possible reversal to the upside.
Technical Outlook:
- Pattern: Trendline Support with Bullish Engulfing
- Forecast: Bullish (Buy Opportunity)
- Entry Strategy: Buy near the trendline support and bullish engulfing area
Traders may consider entering a buy position near the trendline support, with targets set at the next resistance levels. Additional confirmation from indicators such as RSI signaling oversold conditions or MACD showing bullish momentum can further strengthen this buy setup, adding confidence to the bullish forecast.
This is my A plus set up. AUD/USD 04/11/2024: This is the setup I want. Primary order block broken, break of structure taken out, and the low taken out. Retest on order block bearishly confirmed.
Read The AUDUSD MarketLet's Read the AUDUSD Chart and Looking at Price Actions to Prepare for start a great Week, Good Luck With Your Trades <3
AUD/USD Decline Expected Before Bullish ReboundHello,
OANDA:AUDUSD pair is expected to continue its decline, as anticipated last week. Despite widespread optimism, further downside is likely before a bullish trend emerges. The anticipated swing range is between 0.656921 and 0.632512.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
AUDUSD - USD Raging On part 3Please wait the H4 3 candles to perform so you can have a better view. Then enter after H4 stop , don’t start @ the middle. Don’t stand in the middle of the street Darling you will hit by a car.
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Is making a pullback from
The horizontal level of 0.6600
From where we are already
Seeing a bearish move down
So a further bearish continuation
Is to be expected
Sell!
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AUDUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
AUDUSD - In search of stronger support? Just an Idea...20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
Can this pair fall deeper for stronger support?
My green zone indicates my personal (FIB) highest probability of support.
KEYNOTE:
This is NFP DAY!!, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
Bearish Momentum Continues: AUD/USD Heading South – Are You In?Based on the AUD/USD charts, let's dive into a quick technical breakdown to see where the opportunities lie.
Daily: We’re seeing AUD/USD in a strong downtrend, pressing into the lower levels near daily support at 0.6557. The daily candles are riding below both the 21 EMA and 8 EMA, which is further confirming bearish momentum. If sellers continue to drive price lower, our next solid support level to watch is down around 0.6481 and, eventually, 0.6445, a key weekly level. Given that prices have respected the weekly resistance level around 0.6677 previously, it’s clear that the sellers are holding control right now.
Intraday Setup: The 4-hour and 2-hour charts both reveal a bearish bias as well, with price rejecting from the 8 EMA and dipping below minor support levels. On the 4-hour, any retracement back to around 0.6600 (which would be near the 8 EMA) could provide an ideal entry for those looking to join the downtrend. A break below 0.6557 with bearish volume could trigger further momentum to the downside.
For a potential trade setup, I’m watching for price to retest around 0.6600-0.6610 for an optimal short entry, with targets down at 0.6557 and 0.6481. Keeping a tight stop above 0.6632 should provide a favorable risk-to-reward ratio. Let’s see if price respects these zones as we approach the end of the week!
