New higher lows formed which might trigger a bullish momentum. Herewith in my bullish bias I have identified two possible entry positions with targets as follows 0.67500 and 0.69000
AUDUSD had a break of structure on the higher time frames such as 4hr and daily and has retraced back into a strong support level at 0.64800. It has provided a bullish engulfing confirmation on the 1hr with a double bottom break and retest of its neckline on 15min timeframe therefore making it a good opportunity to buy now and if 0.65370 level is broken we will...
📌✔️Examining the trend in the four-hour time frame, the Australian dollar/US dollar is fluctuating in a descending channel, and considering the bearish camo cloud and the decline in the moving averages of the ALLIGATOR indicator, there is a possibility of price reduction.
📌✔️Overall, the scenario is strengthened as AUD/USD registers a one-hour candlestick close...
I wan to use a 5min entry to catch the buys for the sells. While waiting, make sure to manage risk a trail SL when price has broken above 0.64975. I can see a potential entry here and go short only if price present and opportunity for me on the 5min. Mind you this zone can be used as liquidity to get early sellers in the market while it mitigates the upper zone...
Here is our detailed technical review for AUDUSD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.648.
Considering the today's price action, probabilities will be high to see a movement to 0.644.
P.S
Overbought describes a period of time where there has...
AUD/USD 30M - As you can see price has played out really well from the zone given in Sunday’s analysis and we have seen a new low made based on that zone.
This zone gave us the ability to add to our position on further shorts, meaning we could take more profits from this short swing. I believe we will take profit by the end of the week.
This trade is currently...
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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Share your opinion in the comments and support the idea with a like. Thanks for...
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...
