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We have a Weekly ICI to the downside where we have taken the fibbonacci from the high to the low of the impulse and we can see that structure is lining up with the 0.382 of the fibonacci retracement and we will take our entry at the 4H...
Price should start the selloff over there, AU just took out liquidity above BSL and 0.71500 we have a bearish candlestick on h4 closed that signs a potential move downside. Market Sentiment gives us a strong sell signal over there because the retail heard is around 74% LONG on this pair
What do you think ? Comment below..
Australia Detects Omicron
The AUD/USD pair tumbled sharply as Australia became one of the few countries to detect the new Omicron variant. The country’s health ministry confirmed two new cases of the variant and there are concerns that more people will be infected.
Therefore, there are concerns about how this growth in infections will affect the country’s...
AUDUSD is continuing the cycle to the downside with the completion of wave Y in the minute(green) degree, currently we are in a correction in wave 4 of the submicro(orange) degree of which if we do not get a double(unlikely) then we should continue lower making Lower-Lows & Lower-Highs repeatedly(about 7 swings) after of which we will see a significant bounce to...
The pair dump farther down this week after breaking out of the channel structure it was trading in. It is at a point where consolidation could happen before more downside.
I think it is likely we see some consolidation at these levels before more downside. If this happens, 0.71680 is a good level to short again with controlled risk.
Sell the AUD/USD and add a take-profit at 0.7165.
Add a stop-loss at 0.7300.
Timeline: 1-2 days.
Set a buy-stop at 0.7250 and a take-profit at 0.7350.
Add a stop-loss at 0.7150.
The four-hour chart shows that the AUD/USD pair has been in a major bearish trend lately. The pair has even managed to move below the 78.6% Fibonacci...
Hi everyone this is my trade set up for the AUS/USD for the new week ahead
AUS/USD i think will push lower as it still is in a nice downtrend and head and shoulders showing on the weekly chart its all in our favour
so i am expecting a pullback to the order block zone and will be looking for a sell trade
look for pullback to zone lined off on chart then if it...
The aussie dollar spent some time at the bottom of the channel this week and finally broke out near the close of the week. Over the next few weeks, we should see more downside for this pair. We've marked out three levels where resistance could be met. If you're not already in a short, wait for a pull back at those resistance lines. Otherwise, take some profits a...
The Australian dollar fell again on Wednesday to reach below the 0.73 level. This is an area that will attract a certain amount of attention, but more importantly, we have a significant uptrend line underneath. The question now is whether or not we will see some type of value hunting in this region? If we do break down below the uptrend line, then it opens up a...
I wrote last Tuesday that a long trade generally did not look like a good idea, and that the resistance level at 0.7430 did look quite strong, so it might provide a short trade – I was prepared to go short if we get a firm reversal off that level, which we did.
The picture now shows the former large swings up and down in this currency pair beginning to narrow,...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price 61.8. Corrected its previous move and reached its previous channel resistance and resistance in 4 hours So we have to wait for the upward trend line to break and the corresponding floor to break for a good price drop
welcome to another free trading-setup!
Point of Risk-Reduction: 0.73255
Stop-Loss: 33 pips
Risk: 0,5% -1%
LEAVE A LIKE AND A COMMENT - I appreciate every...
Please take a look at the reasoning for taking shorts in the chart,
it lines up with the larger timeframe trend and includes best short
entries to reach target zones beyond the heavy order area.
(LTF should say HTF - higher timeframe)