On the H4 time frame, prices are approaching the support zone at 0.64000 which coincides with the 38.2% Fibonacci retracement where a pullback to this zone could present an opportunity to play the bounce to the next resistance zone at 0.67200, in line with the graphical resistance level and 61.8% Fibonacci retracement. Prices are holding above the 30 EMA as well,...
Here is my view for AUDUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Audusd - Daily - Bullish reversal is here.. expecting a strong rally upto 0.68 which is a major monthly supply zone
Still hoping to get a bit of weakness from the dollar for which should push this back to the upside, but its not a mater of hoping its about reading price as it forms.. only looking at positions from the areas I pointed out!
So price right now is grabbing my attention as we are at a way better spot for entry, 61% retracement at the time of writing this so definitely interested in buys if we continue this rejection. Remember its the start of the week so stay patient we will always have opportunities throughout the week so no need to rush any trades.
As expected price made a lovely rejection from the bottom of this consolidation zone and break out to the upside showing that we could be in for a longer term trend change. Ill be looking for price to make a pullback from the bullish move and look at catching the continuation leg to the upside. Wait for the best risk reward and follow market structure, price more...
Fed Speculation and BoJ intervention hit the USD - AUD Interest Rate Forecast for January is 3%, actual 2.6% - Average Targets ~0.644 - 500m @ 0.65 - Max RR 1:2.5
Expecting a daily reversal on audusd to give us a monthly pullback upto 0.67 soon.. Risk trade as its against the trade but price is heavily oversold and currently trading at a monthly key support level
Will be looking for rejections on either side of each support and resistance within this consolidation zone we have created on the 4hr.. Possible rejection for a reversal? we never know and id rather be positioning myself for entry's to try catch it if we see that scenario.. but also as always never forget overall downside direction the the different time zones!
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Buy. Enjoy the day all. Cheers. Jim
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD Wyckoff Ccumulation Schematic # 1 Found on 4 Hour timeframe same time Timeframe AUDUSD is forming BAT Pattern (harmonic) ..4 hr timeframe Not a financial advice just for learning Purpose like follow for my profile support thanks
Hey tradomaniacs, well... market is crazy so be cautious with all trades as market doesnt really know what to price in. So far the previous CPI data were first shocking but voerall showing the we could have seen the peek which is good for stocks & Co. Nontheless there is still much to look at so I dont expect clear risk-on or risk-off the next weeks....
We are quickly approaching key areas on the AUDUSD with a huge Monthly DEMAND/BUY zone that was created in 2020 after the flash crash at the start of this zone we also have a untested Weekly DEMAND/BUY zone starting around 0.616 this is where i will look to start buying this pair. I will wait for my indicator to give a BUY signal on daily charts as we enter this...
This is for short term And this is risky too. Please DYOR before entering the trade.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hey tradomaniacs, looks like previous breakout could boost AUD/USD in short-term as risk-on continues in stocks. The rate-hike tonight has shown that CBs are getting concerned about a slowdown in the economy. We had more Risk-On due to worse ISM causing market to hope in less strong rate-hikes by FED. BAD NEWS are teh good news! Setup not confirmed yet so...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Buy. Enjoy the day all. Cheers. Jim