H4 - Bearish trend pattern followed by a pullback. Bearish convergence. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
H4 - Strong bearish momentum. Lower lows. Until the strong resistance zone holds I would be looking to sell pullbacks in the short term.
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
The Aussie has risen for a fifth day, but it is worth noting that minor rallies tend to peter out around the 5-6 day mark. Price action on the 1-hour chart also suggests the rally could be corrective, against its drop from 65c-63c. Given a bearish RSI divergence is forming on the 1-hour RSI (14) and the 50-day EMA resides around the weekly R1 pivot, we're...
Looking to short AUDUSD, looking for price to take out liquidity residing below November 3rd of last year. Since the start of the year this pair has been on a bear trend working it’s way down, I expect price to continue making its way towards the 0.62718. Good luck traders!
The price on the H4 timeframe has recently breached the consolidation range of 0.6750 and 0.6800, indicating a breakout. A throwback to the resistance zone at 0.6750 could provide the bearish acceleration towards key resistance-turned-support zone at 0.6650, which coincides with the 227.2% fibonacci extension level. Price is hovering below our ichimoku cloud and...
AUD/USD hit a six-month low at 0.6525, the broken neckline of the inverse head and shoulders pattern. Technical indicators suggest further downward movement, with the RSI and Stochastic oscillator indicating oversold conditions. The MACD is negative, signaling a bearish trend. The price has dropped below its moving averages and violated the short-term range...
AUD is not much stronger. Even they increased their interest rate last two weeks ago but economy not become much stronger. Further is this, that AUDUSD has strongly breakout its support zone.
On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 0.67, which is in line with the 50% Fibonacci retracement level, and a break below downside confirmation level at 0.6580 could provide the bearish acceleration to the support zone at 0.6420, which coincides with the 161.8% Fibonacci extension...
On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 0.6700, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 0.6680 could present an opportunity to play the drop to the resistance-turned-support zone at 0.6665. Price is holding below ichimoku clouds and 20 EMA,...
AUDUSD shows strong bearish trend in spite of bullish divergence. Previous LL also broken by the current price action. There is strong bias of bearish. TP1 is right above support. It is likely to get hit. However, TP2 is under two major support. Not likely to get hit. However, initiated two short trades with 1% risk and 2% reward.
Price is testing a key resistance zone at 0.6780 on the H1 timeframe, which is in line with the 78.6% Fibonacci extension level. A pullback to this zone could present the opportunity to play the drop to the support zone at 0.6720, which coincides with the 23.6% Fibonacci retracement level. Price is hovering below the 20 EMA and MACD is showing bearish momentum,...
Here is myv iew for AUDUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
AUD/USD is hinting at a potential swing high on the daily chart. And if my hunch that the Fed won’t be as dovish as market pricing currently suggest, it leaves room for USD strength and a lower Aussie. AUD/USD seems to have completed a 3-wave retracement which perfectly respected a 38.2% Fibonacci ratio. Our bias remains bearish beneath the cycle highs, and we...
Dear Traders, we have an excellent selling opportunity for AUDUSD and it is an intraday setup, let's catch the big move!!
Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Wait for clearing Equal High Liquidity sweep There are two possible in Entries Wait for Entry zone and look for BOS in LTF Use Stop Loss Before entering the Trade do your own research.
On the H4 timeframe, prices have fallen below a key support-turned-resistance zone at 0.6780, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6700, in line with the graphical low and 23.6% Fibonacci extension. Prices are holding below the Ichimoku cloud, supporting the...