The price is moving in a downward direction to establish a possible pattern. This pattern is only drawn for a schematic view and it may move down in a different direction. Money management is mandatory.
In anticipation of the forthcoming FOMC meeting, the AUDUSD currency pair is demonstrating a notable increase in value, defying the backdrop of data indicating a prevailing contraction in private business activity across Australia during March. Despite these domestic economic challenges, market attention remains focused on the Reserve Bank of Australia’s (RBA)...
5/5/24 - We can see AUD has came up to the previous sell off price and price failed to continue above but closed below follow up with another negative candle. I expect this to be Phase 2 high by AUD and right now it may try to find its support to complete Phase 2 before continue to offer out creating Phase 3. I'll be monitoring the development of candles at 1700...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Tuesday, April 30th, 2024 New York Session 5:00 PM Entry: 0.64682 Profit level: 0.63940 (1.15%) Stop level: 0.64966 (0.44%)
My focus pm this buy comes from oil being oversold and creating a head and shoulders on the higher time frame although selling is the overall outlook buying will be most profitable after seller liquidly is grabbed this is my position I'm looking to take FOREXCOM:AUDUSD FOREXCOM:USOIL
Here is my analysis for AUDUSD 04/05/2024 This is what happened prior & what I think is going to happen next. My predictions are shown in this shot.
i think it will go to the .62 fib zone before returning up. i went off of wykoff theory and a bit of elliot wave. i could be wrong. if anyone has insight on where i went wrong please contact me so i can better understand.
AUDUSD presents a bullish flag pattern, signalling a potential uptrend continuation. Here's a straightforward trade setup: Entry: 0.6648 Stop Loss: 0.6564 Target: 0.67105 Long positions could be considered near 0.6648, with a stop loss at 0.6564 to manage risk. Target profit lies at 0.67105. Exercise caution and trade responsibly.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
Audusd has reached a decision zone in which we would need to chill and wait for confirmation before we do anything on audusd we are currently 50/50
Hello dear traders how are you and what you think about this analyse please comments..!? In the dynamic realm of AUD/USD trading, 📈📉 our 4-hour chart reveals a compelling narrative. The market exhibits a respectful adherence to the bearish trend line, showcasing its resilience against upward breaches. Notably, the recent closure of a bearish 4-hour candle hints...
Preferred direction: BUY Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for...
In the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas. »»»«««»»»«««»»»««« Please support this idea...
d1: bearish engulfing is created h1: the price fall down from FVG and liquidity is sweep 4 bearish pin bar is created so open a short position SL above the prior day high and the highest pin bar