USDAUD trade ideas
AUDUSD LONGGiven structural chart formation, AU seems to be intending an upward correction to form head and shoulders. The level interest at hand seems to have been key since in history. So sentiment is a bit certain.
Potential bullish reversal?AUD/USD is falling towards the support level which is an overlap support that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6686
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 0.6640
Why we like it:
There is an overlap support level.
Take profit: 0.6748
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
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AUDUSD ShortGoing short on AU, I see this pair correlating very similar to GA and I think price is finally ready to move after a range with liquidity set to go short last week was just trapping people on both sides we shall see here soon.
AUDUSD on 4 Hour:Price reached the key level zone looking left, where previously large momentum movements have taken place. Price today has failed to make a new lower low, and when retesting the key level zone buyers pushed price off the zone showing that a shift of trend may be preparing.
Looking for a shift back to the upside above this key region here.
AUD/USD We can see price action is moving smoothly to the downside. I will be waiting for the 1H rejection / insurance entry (15m flag continuation) to take this to the downside.
AUDUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for AUDUSD below:
The price is coiling around a solid key level - 0.6723
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6787
Safe Stop Loss - 0.6684
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDUSD looking bullish for about 70pipsconomic Indicators: Look for strong economic data from Australia, such as employment figures, GDP growth, and trade balance, which could strengthen the Aussie dollar.
Interest Rates: If the Reserve Bank of Australia is expected to raise interest rates or maintain a hawkish stance compared to the Federal Reserve, this could support a bullish outlook for AUD.
Market Sentiment: Positive sentiment around risk assets can also bolster the Australian dollar, especially if commodities are performing well, as Australia is a major exporter of commodities.
Technical Analysis: Examine key support and resistance levels, moving averages, and trend lines to identify potential bullish signals.
AUDUSD Area of interest. Potantial reversal pointsPretty simple chart. All area of interest marked on the chart. I'll be buying AUDUSD with an entry model of mine. You can use yours, can be anything.
Possible Sell Trade on AUDUSDThis is my analysis trade for AUDUSD.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the price to go down first to break market structure for a possible continuation confirmation then pullback going up for the price to go to my sell zone first for me to enter on LTF.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the next swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
Possibility of correction Considering the behavior of the price within the range of the current resistance levels, the continuation of the correction process will be probable. If the price crosses the resistance range, it will be possible to continue the movement until the next resistance range
AUDUSD Long 14/10/24Asset Class: Forex
Income Type: Weekly
Symbol: AUDUSD
Trade Type: Long
Trends:
Short Term: UP
Long Term: Up
Set-Up Parameters:
Entry: 0.67402
Stop: 0.66922
TP 0.69823 (5:1)
Trade idea:
Confirmation Entry, 1D DBR , Downtrend Reversal to Uptrend from a Daily DZ, RSI oversold.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
** Put alarm above the SL as there is a FVG just below it, if the price pullback close to the SL consider moving the SL below the FVG@0.66736
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Aussie H4 | Potential bearish reversalThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6761 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6820 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.6697 which is a swing-low support.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Bearish drop for the Aussie?The price has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.6747
Why we like it:
There is a pullback resistance.
Stop loss: 0.6791
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Take profit: 0.6688
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#Setup 1 AudusdAUDUSD
There is a short-term Bearish BIAS on DXY.
So I am going long on AUD/USD with a risk/reward ratio of 2
AUDUSD LongAU failed to push lower on Friday and I don't see any sells I can see AU making a higher high and breaking structure on the 30 min time frame there's too many sells market seems to be rebalancing on the 4h time frame so I see this buy setup and see the USD pairs also losing momentum as well.
W Patern on 4HR Chart - It's a buy for next few days.As per my technical analysis, it's confirmed that this pair will retrace to my profit target 1 or 2 ( I will closely monitor the price action for the next couple of days to re-confirm my TP level). i have executed my buy entry last Friday on 4 HR chart (3 bar reversal candles). Good luck....
AUD/USD Bullish Momentum From Support We're currently seeing the Australian dollar strengthen against the US dollar and it advances with strong bullish impulse from major 4H support.
With good R:R we could catch a considerable number of pips with T1 and T2 as our targets as marked on the chart.
