📈📉 AUDUSD Price Forecast Analysis 🌐💹
Hello Traders! 🌟 Let's delve into the OANDA:AUDUSD chart for a comprehensive forecast:
1️⃣ Ascending Channel Breakdown: 📉 AUDUSD has experienced a breakdown of the ascending channel, indicating a potential shift in market sentiment.
2️⃣ Reversal Chart Pattern - Inverse Cup & Handle: 🔄 A significant development! The...
In the AUD/USD pair's 4-hour timeframe, a bullish trend appears imminent following the completion of a 5th wave and a breakout from a falling wedge pattern. Entry occurred post-breakout above key resistance levels. Presently, the price action suggests a correction in line with Elliott Wave theory (ABC pattern), potentially signaling further upside momentum in the...
**Monthly Chart**
Last month closed as a manipulation candle suggesting a continued bearish movement. The next target is around the 0.62700 level. Any short-covering rallies will be a selling opportunity in lower time frames.
**Weekly Chart**
The directional Bias on the weekly timeframe is bearish, the pricing is making higher lows and lower lows as it moves...
Hello Everyone,
The AUDUSD pair is finally making a move towards additional upside momentum, and I'm eager to see where it ultimately leads!
TradeWithTheTrend3344
AUDUSD is in the bearish trend in htf and we can expect that movement in 15m also, I would wait on Monday for the Asian range to build and then the price would take the first high of the Asian range and after that, we can target that 4h OB which is possible because we have a lot of liquidity in 4h, what do you guys think?
AUDUSD is currently at a resistance level at 0.65447, if this area holds we shall see sells towards 0.64494.but if we get a rejection ,i see price will go all the way to 0.66118
I'm looking for a short position to the two targets on chart i will wait till the price moves below the support area. After hitting target will take a half position.
Essential and robust reasons for a bullish move:
1-RATE CUTS are coming soon! Everyone knows it, but big players want you to be a SELLER! ( THEY BUY).
2. The COT date confirms this! (Commercials are BUYERS! While non-commercials (poor trapped traders) are sellers).
3. Many strong support lines, levels, and patterns push the price up. ( Head and shoulder, two...
✅AUD_USD went up sharply
But a strong resistance level was hit at 0.6542
Thus I am expecting a pullback
And a move down towards the target at 0.6512
SHORT🔥
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I'm risking of my trading capital on this trade.
My stop loss is placed above a recent swing high to limit potential losses in case the trade goes against me.
I'll consider scaling out of the position or trailing my stop loss as the trade progresses in my favor.
Trade Update:
I'll provide updates on the trade as it develops, including any adjustments to the...
I really like this set up. I highlighted the bearish Daily Candle with the sky blue box. Price failed to break to the up side. If price pull back to 0.65240 you can expect price to fall back to the 50% level of the highlighted daily candle which would be 0.64931.
••••SHORT••••
ENTRY: 0.65240
SL: 0.65395 (15.5 PIPS)
TP 1: 0.65085 (15.5 PIPS)
TP 2: 0.64931 (30.9 PIPS)
February stats were against USD, and rate cuts will have a long-term influence. COT confirms that big players have bought their currencies and sold many USDs!
BE CAREFUL! USD might dip drastically.
Looking to go Long once price close above 0.65306
••••ENTER NOW••••
short term trade
1:1 RATIO
Entry: 0.65306
SL: 0.65172 (13.4 Pips)
TP: 0.65440 (13.4 PIPS)
Hello Traders! Thus far my speculation has been right! The yen crosses keep pushing for the buy side rather than the sell side. Keep it simple my fellow traders.
