4h bear trend , but we need correction ,3 options for entry , follow the risk management and don't forget to put stop loss
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
AUDUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
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.
On the H1 time frame, prices are approaching the support zone at 0.6260 which coincides with the 61.8% Fibonacci retracement level. A throwback to this 0.6260 support zone presents an opportunity to play the bounce to the next resistance zone at 0.63600. This resistance zone is also a graphical resistance zone in line with the Fibonacci confluence levels. Prices...
nice change of character here also in a 4hr sell zone push below this level bears in control a safer entry would be waiting for another higher low
AUDUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
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....
AUDUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
On the M30 time frame, prices are approaching the support zone at 0.62650 which coincides with the Fibonacci confluence levels. A throwback to this 0.62650 support zone presents an opportunity to play the bounce to the next resistance zone at 0.63300. This resistance zone is also a graphical resistance zone in line with the 100% Fibonacci extension. Prices are...
Since there was rejection sign on price zone 0.6250, the price likely to change trend from bearish to bullish, expected to jump until previous current high at 0.63303.
This my own view on AUDUSD, earlier price has done its first extension from 0.6248 to 0.6343. and dropped back down our major area of support here is 0.6248 and price is currently trading above it, if this continues i will be looking for Buying opportunities at this region back up to 0.6343 then on getting to the resistance which is 0.6343 the reaction there...
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...
if this bullish ob level hold we can see a nice push up atleast 40-50 pips short term then when it gets to that bearish ob ill see what it does but this level is holding nicely looking like nice buy setups short term
AUDUSD is currently at a support zone, but if u look close i have to price tags there, this simply means price has a high probability of breaking 0.6390 and going down to the lower support which is at 0.6364. if price continue to trade above 0.6364 then i will be looking for buying opportunities at the point to the upside, targeting 0.6510 as my first target....
This is for short term And this is risky too. Please DYOR before entering the trade.
The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.