AUDUSD is moving in the descending channel, creating a potential AB=CD pattern.
Price broke and closed below the consolidation zone, and it created a kill zone for the short opportunity.
We expect a bearish move from the kill zone and completion of the AB=CD.
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HTF Analysis
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Currently retracing back to Discount Zone.
Price tapped into BULL POI to go up.
Entry Analysis
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M15 is in the Discount Zone and created the liquidity.
So, Bull POI below might be the last key area to push up.
Trade Management
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Entry => 0.64981
R:R => 1:2
H4
M15
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.
This week there are some important news events for the USD. These include:
The US Federal Reserve interest rate decision
The US non-farm payrolls report
The US trade balance report
These events could have a...
This Weekly FORECAST
Opportunity for AUDUSD. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
1. Once the liquidity LEVEL has been traded
through,
2. It is often that price will REVERSE course and
HEAD in the opposite direction,
3. Seeking new liquidity LEVEL at opposite extreme
level...
🥇 Purchase now at the current rate of 0.65178. Secure your position with an entry price set at 0.65178.
✅ Aim for profits with target rates:
First Take Profit @ 0.65642
Second Take Profit @ 0.65900
Third Take Profit @ 0.66230
🛑 Implement a safeguard by setting the Stop Loss at 0.64887. Make strategic decisions for a successful trading experience.
4H
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Price is making a counter-trend.
Price is retracing back to Discount Level to continue CT.
15M
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Price made the Change of Character (CHoCH) and retracing back to Bull Point of Interest.
50% of POI is consumed, so safe to say price is going up to accompany 4H CT.
Trade Management
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0.5% Risk
1:3 Risk to Reward
4H
15M
AUDUSD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 2.0600 followed by 2.0800
Aussie dollar is at a significant resistance level, but sellers should wait for the close of the daily time frame, if the daily timeframe closes bearish, then you can enter the next day with the lower time frame like 1-4hr tf for a sell set-up back to the support level at 0.64446
AUD/USD, H4
AUD/USD remains range-bound amid a weakening US Dollar, providing support for the pair. However, the Australian dollar faces challenges due to lower-than-expected economic performance in Australia. Consumer price inflation in January stagnates at a two-year low, contributing to expectations of unchanged interest rates. Investors await crucial...
