Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.66400 zone, AUDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66400 support and resistance area. Trade safe, Joe.
I'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week. I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength. Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of...
The AUDUSD pair has been trading within a Channel Down pattern since the February 02 2023 High and the rejection on the 1W MA100 (red trend-line). Since June 16 however, it formed a short-term Rectangle pattern, which today broke below its 0.65950 Support 1. We will trade this depending on today's 1D candle closing. If it closes above the 0.65950 Support and back...
Hey Traders, in the coming week we are monitoring AUDUSD for a buying opportunity around 0.66200 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.66200 support and resistance zone. Trade safe, Joe.
Tue Aug 1 8:00am AUD Cash Rate 4.35% 4.10% AUD RBA Rate Statement
AUDUSD...UT (2D) TP4 @ 0.7610 (closing ALL Buy Orders) TP1 thru TP3 (shaving 50%) BSO @ 0.6660 📈 Additional Buy Orders will be @ 50% Buy Positions 📈 Big Picture Trend: UT ⚠️ CounterTrend: NO ✍️ Strategy: Swing
We have head and shoyder & Demand and break of neck So we should buy throw confirm signal
Two positions.. first one is in lower timeframes .. and the second one is in higher timeframes. That's what I'm looking for .. and I'm waiting for confirmation for higher timeframes .. which I like most. PS. Leave your comments and thoughts.
Still a bit early to confirm the low, price still need a spike above the resistant for a retest higher. DXY just closed the gap earlier, may lend short term strength and move higher. Real move to be confirm after FED interest rate decision.
AUDUSD is taking off from a wide horizontal zone of confluence based on a demand cluster and 618 retracement of the last bullish impulse. The price formed a double bottom pattern on that as a confirmation. Goals: 0.68 / 0.683 ❤️Please, support my work with like, thank you!❤️
AUDUSD - 24h expiry We are trading at oversold extremes. A Doji style candle has been posted from the base. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6790 (stop at 0.6830) Our profit targets will be 0.6690...
(an aggressive scalping opportunity) TP @ 0.6838 (at the previous Daily Open price) BSO2 @ 0.6829, moderate ⏳ BSO1 @ 0.6822, aggressive ⏳ -SL @ 0.6805, aggressive 🚫 -SL @ 0.6788, moderate 🚫 Being that we have AUD News @ 18:30 PT / 21:30 ET, here's a potential setup for +9 to +25 pips of profit from scalping price action. ⚠️ Attached to this post is the BIG...
AUDUSD is on the 4th red (1d) candle in a row, following the Double Top rejection near Resistance 1 (0.69000). Trading Plan: 1. Sell on the current market price. 2. Sell if a (1d) candle closes under the Rising Support. Targets: 1. 0.66750 (contact with Rising Support). 2. 0.66000 (Support 1). Tips: 1. The RSI (1d), is on the MA trend line. If broken, it will...
There is some Bearish Divergence visible on the Daily as the AUD comes out of the overbought zone for the second time. I think we could eventually see it come back down to the hard support floor at 62 cents.
AUDUSD - 24h expiry 0.6900 has been pivotal. 0.6895 has been pivotal. 0.6900 continues to hold back the bulls. Preferred trade is to sell into rallies. We look for a temporary move higher. We look to Sell at 0.6889 (stop at 0.6921) Our profit targets will be 0.6809 and 0.6785 Resistance: 0.6837 / 0.6850 / 0.6890 Support: 0.6807 / 0.6787 / 0.6770 Risk...
Hey Traders, In the upcoming week, we will be closely monitoring AUDUSD for a potential buying opportunity around the 0.68500 zone. From a technical standpoint, AUDUSD has been trading in a downtrend, but there are indications that it is currently attempting to break out of this trend. On the fundamental side, recent developments, such as the soft CPI data...
AUDUSD - 24h expiry Previous resistance level of 0.6705 broken. Short term bias has turned positive. We are trading at overbought extremes. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 0.6625 (stop at 0.6590) Our profit targets will be 0.6715 and 0.6730...
AUDUSD - 24h expiry We are trading at oversold extremes. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected...