after we miss the chance for long with rejection setup at 4H chart we can see clear chance for short with trend setup as shown on the chart also we have clear view for distribution level at 30 MIN chart with dally volume profile so far so good for short
Looking at the trend in the four-hour time frame, AUD/USD can rise to the resistance of the ceiling of the descending channel in the range of 0.6623 after the formation of the ANTI BAT harmonic pattern.
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.645. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.653 level. P.S We determine...
We expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis
Price has been rejecting the demand zone, and now creating lower highs and higher highs on smaller time frame, we can hopefully see this pair trend up for sometime.
What Is a Chaikin Volatility Indicator in Trading? Understanding volatility is crucial for creating effective trading strategies. One popular tool used when measuring volatility is the Chaikin Volatility indicator. In this article, we will take an in-depth look at this tool, how it’s calculated, and how to use it when trading. What Is the Chaikin Volatility...
Hello traders, AUD/USD has been struggling to clear the 0.6620-0.6650 resistance zone. We have observed multiple bearish candlesticks on the hourly chart. So, if price continues to struggle here, there could be a potential short opportunity with initial target at 0.6550 level. Keep in mind that this is the hourly chart, so even if you sell, consider taking...
Considering the behavior of the price in the resistance range and the recent downward wave, it is expected that the continuation of the downward trend will be formed according to the specified paths.
As you see the movement is testing the broken level and the the pullback is completed. By the strong bearish candle I decided to open a sell short position.
Here I have AUD/USD on the 1Hr Chart! Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators! 1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...
Hello hello, guys! We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs. We are in turbulent times, so trade safe out...
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6554 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.6600 which is a level that sits above the 61.8% Fibonacci retracement. Take profit is at 0.6486 which is a...
AUD/USD is rising into a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.64907 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 0.65475 Why we like it: There is an overlap resistance...
Looking at value; long AUD .382 and short DXY .618
AUDUSD is currently at a very powerful support level.. the next target is the resistance level all the way at the top. There is also a strong level of support with the trend line below. This is a very good buy opportunity - huge profit potential.
Simple observation taking a look at Aussie pairs across the board. Bearish price action is strong to the downside. For that reason, I expect bearish continuation for this upcoming week. On Wedneday Australia reports Employment Change for March. The forecast is for only 7.2k new jobs. This may cause unexpected price action following the report as there's lots of...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Waiting for a retest of 0.64809 or 0.64989 to short AUDUSD back to 4H swing low at 0.63638 If you agree drop a like and if you have any questions leave a comment :)