M6A1! trade ideas
AUD/USDAUD
Last week AUD made gains with a rising volume, but the price range is still in a neutral zone. For the time being, no trade is recommended.
If the price breaks the channel upward, it has two resistance zones.
- Sell zone 1, as it is the start of the sell-off 21st September - Strong resistance
- Sell zone 2, a two-year peak - Stronger resistance
- Sell zone 3, every price above the top - Strongest resistance
On these zones, we need to see a lot of supply as sell orders should be allocated based on them.
Remember, supply and demand appear on the opening hours of London and New York, so don't trade on any sign of weakness.
COT
- Noncommercial positions have decreased both, long (-2,7%) and short (-5,6%), as long contracts remain more than short with 7K more.
- Long commercial positions have decreased by 1,8% to 44K, as the short have increased by 1,6% to 60K
Australian Dollar S T R E T C H E D Interesting price action today - as the US Dollar ( DXY ) was rising marginally so was the Aussie Dollar - while the Euro , CAD, British Pound all moved lower.
After a month long accumulation - The Aussie broke out rising more than a cent - on the last Friday of August, and continued to move after hours.
Today's price appears to be a stop run, before the market turns and go the other direction.
This is a situation where you want to watch their hips not their eyes. We are outside recent value - this trade idea is that we return to value clean up the weak price structure. The second target is to the other side of value and clean more of this price structure.
The US Dollar is skipping at the bottom of a channel - but its holding. Fund managers are adding to their net long positions - all pointing to lower Aussie Dollar prices.
BLOOMBERG:
8-28-2020
EQUITY FUND MANAGERS RAISE S&P 500 CME NET LONG POSITION BY 9,213 CONTRACTS TO 144,877 IN WEEK TO AUG 25 FOR USD
Speculators are short USD.
AUSIE Hi everybody.
Currently, we look at the H4 time frame and see that this pair is forming a corrective wave B - the foot of the wave is in the form of ABCD.
Analyzing on H1 chart - AUD future, we find that the pair is moving within a narrow price range of 0.684 - 0.689 - accumulating to move upwards, the target is expected to be in the area of 0.692 - 0.695 to complete wave B .
Now, looking in the accumulation area, we see a volume of 2 times creating Buyingclimax at the bottom of the rectangular box. The price is now moving higher to the top of the box, and has begun testing the supply with a small volume bar - this is good news because the supply has shown signs of exhaustion.
We are now waiting for the price to break out of the rectangular box with a high volume in order to identify the breakout above.
The difference between AUD-US 10-year bond yield shows that the trend is still supporting the AUD
Accompanying with technical analysis, basic information of RBA this morning showed that RBA's policy is to support AUD, though not much, it is enough to make the market reassuring.
Happy Trading!
#GrabTrader
Wedge breakout Short into Strong DZ to keep the uptrend alive.Look to take a short into the demand zone ONCE the wedge breaks down on a smaller timeframe. If wedge breaks up Look for a retest of a DZ near the breakout area to get long.
Turning downDISCLAIMER :
The content on my TRADINGVIEW profile is for informational and educational purposes only and is not and should not be construed as professional financial, investment, tax, or legal advice. Trading has large potential rewards but also large potential risk. Do not trade with money that you cannot afford to lose. The past performance of any trading idea is not indicative of future results.
6A1! in case ↘↘Depending on a lot of sign 6A1! going to be With a huge endurance decreased and it's the perfect time to sell.
6A1! in case ↘↘
Depending on a lot of sign 6A1! going to be With a huge endurance decreased and it's the perfect time to sell
Aussie Way Overdue for CorrectionWe're taking a shot on the short side of Aussie Dollar futures - for $AUDUSD to be this stretched is ridiculous and the RBA cannot be happy right now.
Rising wedge Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall.
We can clearly see a divergence between ON BALANCE VOLUME and PRICE.
Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high risks related to USA-CHINA trade war and potential impacts on Australian economy (AU and China are commercial partners and if China exports will be damaged Australian economy will be influenced)
Open a short trade with target 0.63
6A analysisHi friends
market graph 6A shows that there is a very high probability that it will experience a downtrend up to the level of 0.6433
in the next few days
for more information please contact me on
youssef.lyazidi5@gmail.com
6A testing Support/Resistance + Trendline, 4Hr TF AnalysisMarket Structure:
- The strong trendline is broken, showing the uptrend is over, but doesn't means trend will reverse.
- In 4Hr timeframe, we can see after the trendline is broken, price retest R1 again but failed to move higher/breakout.
- It looks like moving in range between R1 and S1 in 4Hr TimeFrame, with Lower Highs (No lower Lows) forming a trendline within the range.
- Right now it is testing previous key Support/Resistance and inner trendline inside a range.
Strategy:
- I will keep this in my watchlist and monitor further
- If it break below S1, I will anticipate to go Short.
- If it break above inner trendline, I will waiting to Short near R1
Roller Coaster Update from tonights webinarI was explaining tonight why I wouldn't take a Roller Coaster short signal on our W5T Roller Coaster Smart List subscription that scans 21-22 symbols on 7 different timeframes for breakout trades. This is a follow up to that webinar showing it did drop to the channel and a little below as I thought it would. It needed to touch the bottom channel line first that is based on a 240 time frame on a 5 min chart.
Land down under in position to pop up higherThe daily chart is bullish and one hour chart is showing after pull back it could be ready for a pop up as a intra day trading I enter on one minute chart and Australian dollar just gain strenth over dollar so looking to long
