Hello fellow traders! Keeping a keen eye on AUDUSD in today's session for a potential shorting opportunity around the critical 0.66100 zone. After a robust uptrend, AUDUSD has gracefully broken out and is now undergoing a correction phase. The focus is on the impending retrace near the key 0.66100 support and resistance zone. Exercise caution and trade wisely....
The AUDUSD pair completed the bullish leg that we caught on our last call (October 24) and hit our 0.66000 1D MA200 (orange trend-line) target (see chart below): The price has made a initial rejection at the top (Lower Highs trend-line) of the Channel Down, so the pattern remains intact. Technically this is the start of the Bearish Leg towards Support 1 and 2...
The Aussie dollar has been going down against the US dollar for the past few days. This is because the US dollar is getting stronger and the Aussie dollar is getting weaker. The Reserve Bank of Australia (RBA) kept interest rates the same at their last meeting, but the market expects interest rates to be cut in the second half of 2024. The US dollar has been...
#EURGBP UPDATE Hi team, We are here to update our analysis about EURGBP. EURGBP is forming a position sell opportunity zone. If the market retest the mentioned zones and give any confirmation in the LTF, then we'll place our sell order. Stay tuned...
#EURAUD UPDATE Hi team, We are here to update our analysis about EURAUD. EURAUD is going down traders, its time to execute short position. Reason behind this is that EURAUD retest the most recent level of structure, and then form a bearish candle. we can see a short up to mentioned target points.. Stay tuned...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65800 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65800 support and resistance area. Trade safe, Joe.
The USD, having experienced substantial blows from rate cut projections, faces a challenging scenario with the Fed signaling probable easing. Despite the narrative of falling inflation, policymakers are aiming to relay the message that inflation has yet to stabilize sustainably near the targeted 2%. The looming Fed speeches, particularly Chair Powell's impending...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65900 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65500 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.654 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.654 support and resistance area. Trade safe, Joe.
Price has been showing bearish orderflow until recently, where it broke our strong high with momentum. This thus invalidated the properties of a bearish flow, giving us a shift in market structure from bearish to bullish trend. Price previously left behind a demand zone that it has currently retraced to and mitigated. On lower timeframe, the same case holds as...
This one for the more conservative trades, low risk high reward high probabilty setup on AUDCAD, Weekly Price action serving as the sponsor of our bearish sentiment. Zone indicated for possible entry region after structure change confirmation on the lower timeframes (15m) Goodluck Travellers and Beyond
TP5 @ 0.6485 TP4 @ 0.6470 TP3 @ 0.6425 TP2 @ 0.6395 TP1 @ 0.6350 BLO1 @ 0.6310 ⏳(moderate) BLO2 @ 0.6285 ⏳(conservative) ADDITIONAL INFO: 💵 You can DCA these Buy Orders 📈 Or just place the conservative position 🔑 BLO = Buy Limit Order DCA = Dollar-Cost Average PA = Price Action PB = Pull Back SLO = Sell Limit Order ⏳= PENDING NOTE: Dollar-cost averaging...
The AUDUSD broke through from the upward trendline and the 50% retracement level due to the strength of the DXY overnight. The RBA monetary policy statement released earlier today did little in terms of price volatility as it reinforced the view that the RBA hiked rates due to the recent increase in inflation growth. As the AUDUSD currently trades under the...
After consecutive breaks of weak lower lows with lower highs holding strong, a bearish 4h orderflow was evident. Price has been retracing and retesting supply zones up until the latest break of structure(which was too weak). Price has invalidated our latest supply zone and could be striving to reach for a previously unmitigated extreme supply with a huge imbalance...
TP5 @ 0.6866 TP4 @ 0.6775 TP3 @ 0.6650 TP2 @ 0.6585 TP1 @ 0.6475 BSO @ 0.6375 📈 BLO @ 0.6285 📈 ADDITIONAL INFO: 🤔 PA has pulled back lower than our BSO and triggered our BLO 📈 Both Buy Orders appear to be heading for the moon 🤑 TP's MODIFIED
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...