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Audusdsetup

AUDUSD Potential Short Opportunity Bearish Bat Harmonic PatternThe AUDUSD pair is currently exhibiting a potential Bearish Bat Harmonic Pattern (XABCD) formation, coupled with its proximity to a significant resistance level. This suggests a possible reversal in trend momentum, with bearish indications expected to strengthen from Point D onwards. Harmonic Pattern Analysis: The Bearish Bat Harmonic Pattern (XABCD) is emerging on the AUDUSD chart, indicating a potential reversal of the current uptrend. The completion point (Point D) of this pattern aligns closely with the key resistance level, adding further confluence to the bearish scenario. Entry and Stop Loss: We recommend taking a short position at 0.65200, anticipating the reversal from Point D. A stop loss should be placed at 0.65900 to mitigate potential losses in case of a breakout above the resistance level. Take Profit Targets: TP-1: 0.64520 TP-2: 0.63820 TP-3: 0.63128 Rationale: The decision to enter a short position is supported by the confluence of the Bearish Bat Harmonic Pattern and the key resistance level. This setup suggests a high probability of a bearish reversal, with potential downside targets identified at various support levels. Risk Management: It's crucial to adhere to proper risk management principles when executing this trade. By maintaining a disciplined approach to position sizing and adhering to the specified stop loss level, traders can effectively manage their risk exposure. Conclusion: Based on the technical analysis, a short position on AUDUSD is recommended, with entry at 0.65200 and a stop loss at 0.65900. Take profit targets are set at 0.64520, 0.63820, and 0.63128. This analysis aims to capitalize on the anticipated bearish momentum following the completion of the Bearish Bat Harmonic Pattern and the resistance level confluence.
Short
by trading_jupiter
2
AUDUSD - Shark Harmonic Pattern Formation Detected-Bearish TrendAUDUSD is currently forming a Shark Harmonic Pattern (XABCD) on the 4-hour time frame. This pattern is characterized by specific Fibonacci ratios between the price swings. The completion point, Point D, coincides with a key Resistance level, indicating a potential reversal. Trendline Analysis: In addition to the harmonic pattern, there is a significant Trendline acting as a dynamic resistance level, further supporting the bearish outlook. Entry and Stop Loss: Based on the analysis, a prudent entry point is identified at 0.64800, just below Point D. To manage risk, a stop loss is recommended at 0.65350, above the recent swing high and the pattern completion point. Take Profit Targets: Three take profit targets are set to capitalize on potential downward movement: TP-1: 0.64270 TP-2: 0.63740 TP-3: 0.63200 Risk Management: The risk-to-reward ratio for this trade is carefully considered to ensure favorable risk management. The potential profit targets offer a balanced reward relative to the risk taken with the stop loss. Conclusion: With the Shark Harmonic Pattern formation, along with the confluence of the Trendline and key Resistance level, the technical analysis suggests a bearish momentum in AUDUSD. Traders may consider entering short positions with the specified entry, stop loss, and take profit levels, keeping risk management principles in mind.
Short
by trading_jupiter
3
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
AUDUSD - Bearish Trendline ChannelMarket Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at 0.65200, aligning with the broader downtrend and providing an optimal risk-reward ratio. To mitigate potential losses, a recommended stop loss is set at 0.65600, strategically placed to protect against adverse market movements. Profit Targets: Regarding profit-taking levels, two targets are outlined: TP-1 at 0.64850 and TP-2 at 0.64480. These levels are chosen based on technical support and resistance areas, aiming to capture potential downward price movements within the established trend. Conclusion: In conclusion, the technical analysis suggests a bearish bias for AUDUSD, with a calculated entry point, stop loss, and profit-taking levels in line with the prevailing market dynamics. Traders are advised to execute with caution and adhere to risk management principles. Disclaimer: This analysis is based on current market conditions and may be subject to change as new information becomes available.
Short
by trading_jupiter
AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week. The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts. Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat. Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
Long
by Chart_MasterPro
2
AUDUSD high probability possible 1000 pips tradehello guys , today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer. it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.
Long
by xAB777
1
AUDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
3
AUDUSD: USD reached its highest level in 8 weeksThe US Dollar Index rose to 104.18, its highest level since December 2023. The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely. Expert Chris Weston, head of research at Pepperstone, said that the optimistic US jobs report basically showed that an interest rate cut in March 2024 is very fragile. According to CME's FedWatch tool, traders are assessing just a 20% chance that the Fed could begin easing interest rates in March 2024, compared with nearly 50% a week ago. The possibility of cutting interest rates in May 2024 is also possible. Currency expert Carol Kong at Commonwealth Bank of Australia (CBA) said that the USD is likely to stabilize at its recent increase. US Treasury bond yields also skyrocketed due to expectations that interest rates will increase in the long term. Benchmark 10-year yield increased 5 basis points to 4.0829%
Long
by Chart_MasterPro
AUDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
AUDUSD I Trade update I Potential long from bottom of channelWelcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
AUDUSD I Pullback, continuation, and long from supportWelcome back! Let me know your thoughts in the comments! ** AUDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
1
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical. Broker - Pepperstone This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
Divergent Inflation Paths: AUDUSD Set for Bearish MovementAnalysis for AUDUSD: Bearish Outlook 1. U.S. Inflation Trends: - Recent Data: The U.S. Consumer Price Index (CPI) showed an increase of 3.4% year-over-year in December, the highest in three months. This rise was more than expected, indicating a continued inflationary pressure. - Core Inflation: Core inflation, which excludes volatile items like food and energy, remains firm. Notable increases were seen in used cars, apparel, housing, and car insurance costs. - Federal Reserve's Challenge: The Fed faces a difficult path in achieving its 2% inflation target. The recent data suggests that the decline in goods and energy prices is slowing, while inflation in housing and services remains high. 2. Impact on AUDUSD: - Rising U.S. Inflation: Higher inflation typically leads to expectations of tighter monetary policy from the Fed. This could result in a stronger USD as interest rates may rise to combat inflation. - Market Response: The release of the inflation data led to a fall in the S&P 500 and fluctuations in Treasuries, reflecting market uncertainty. 3. Comparison with Australian Economy: - Australian Inflation: The Australian economy is reportedly experiencing a decrease in inflation, moving towards stabilization. This contrasts with the U.S. situation, where inflation remains a concern. - Economic Stability: Greater stability in the Australian economy, compared to the ongoing inflationary challenges in the U.S., might typically favor the AUD. However, the current global economic environment appears to favor the USD. 4. Global and Political Factors: - Global Risks: Rising shipping costs and potential escalations in the Middle East could impact global inflation trends, potentially affecting currency markets. - U.S. Political Climate: Inflation continues to be a significant issue in U.S. politics, affecting public opinion and potentially influencing economic policy. 5. Technical Analysis: - Technical Indicators: Traders should look for technical confirmation of a bearish trend, such as resistance levels, moving averages, and RSI indicators. - Price Action: Watch for bearish patterns or breaks below key support levels in AUDUSD. Conclusion: Given the higher inflation rates in the U.S. and the expectation of continued Fed intervention to control inflation, there is a potential for a stronger USD against the AUD. However, traders should continuously monitor evolving economic data and geopolitical events that could influence market sentiment and currency values. Technical analysis should be used to validate any trading decisions in the context of current market conditions.
Short
by Wiiso
3