DXY is still showing weakness across the board and while we trended all ASIA and may get a pullback if they go after stop losses, we must remain disciplined and trade in line with the market. In this case, AU has broken above 4h range and in our trading timeframe has shown us our classic playbook setup "B&R" using momentum for confirmation entry. Lets see if...
My outlook for AUDUSD for next week and month
this is just purely analyzing market structure and liquidity concepts
I will update this idea once price develops
As we can see we wanted to buy this pair since last week or even more, so we finally had a good setup and confirmations on LTF
Trying to swing it to that 4h wick refined on 15m as a red zone
ALSO THIS IS HEAVILY COUNTER TREND, so we might be stopped out if there's momentum or news
1m entry
i wanted to buy on that demand zone but I was sleeping on Asian session, can't have it all
still wanna buy targeting that supply only if we get a good setup and confirmations
lets see what next week will offer us
Patience is key, was waiting for this since last week, haven't taken a single trade this week as I was looking for confirmations to avoid unnecessary loss
1m entry
Gold in INR terms touched an all time high this month.
The chart patters indicate that an explosive move is going to play out.
Cup & Handle also points to a Year end target of Rs 61,000.
AUDJPY - Potential Buy ? Breakout of Bear Trend ? Discuss in the comments!
National AU Bank Business Confidence News Release - 00:30 - 24/01
High Impact - Likely to cause a short volatile breakout so be careful
Waiting to see the trend breakout was false and we continue the walk with the bears or whether it retests off the trend line acting as support and a...
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish overall on AU but we have some minor zones to be aware of before we enter into any positions.
Going into this week we want to see clear price action and confirmations. Ideally, we see the next higher low with strong bullish setups we can enter...
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial...
AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses.
If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed...
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This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the:
*price is going up, it means BTC is stronger than XAU
*price is going down, it means BTC is weaker than XAU
After strong initial impulse down the pair...
