AUDUSD - Daily Trade Idea - 6-Feb-23AUDUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Audusdshort
AUDUSD Short Swing Trade SetupWeekly timeframe;
-Market structure is still downtrend
-Weekly Engulfing candlestick
Daily/4H - structure is also a downtrend
Right now , I am waiting for a pullback/retracement into either 0.70000 or 0.70450 area.
Then, wait for entry pattern like at least 30M Engulfing or some kind of strong rejection.
Target profits ; 0.68800 and 0.68000
AUDUSD: NFP PROFITABLE MOVENFP paid us handsomely yesterday. We caught the move to the downside on AUDUSD. This move was actually anticipated. My TP1 has been hit. Price now just inches to hitting my TP2.
----------------------------------------------------------------------------------------------------------------
Smart Money Trading is king!!!!
AUDUSD SHORT TRADE
You can see at the chart that the the traders are trying to push the price at 0.71040 resistance and the possible trend could be bearish if the price hit in that resistance price point. If this trend becomes bearish, the possible target price could be at three level price according to the Fibonacci retracement, It could be at 0.67730 at 0.382 Fibonacci retracement, 0.66586 at 0.5 Fibonacci Retracement, 0.66586 at 0.5 Fibonacci Retracement. According to the RELATIVE STRENGHT INDEX (RSI) the indicator suggest that the trend is overbought near at %62.44 in D Trading.
If the trend pass the 0.65443 at 0.618 Fibonacci Retracement and retest in this price point, the possible bearish trend could push the price at 0.61740 at 1 Fibonacci retracement acting as a support.
IMPORTANT PRICE POINT
1. 0.67730 at 0.382 Fibonacci Retracement.
2. 0.66586 at 0.5 Fibonacci Retracement.
3. 0.66586 at 0.5 Fibonacci Retracement.
4. 0.61703 at 1 Fibonacci Retracement (Possible trend if the price push lower at 0.61703).
The 0.61703 at 1 Fibonacci Retracement is a given support.
Remember that the Fibonacci retracement level is price point area and not always a solid line. Price can go pass the line a reverse the trend.
IMPORTANT FOR TRADERS
Forex Disclaimer.
This Published idea is intended to be used and must be used for information purposes only and not for investment advice. It is important to do your own analysis in forex trading before making any investment based on your own personal circumstances. Regardless of anything to the contrary, nothing available on or through this information should be understood as a recommendation that you should not consult with financial professional to your particular information.
Forex trading may sustain a total loss greater than the amount you deposited to your account if the forex trading move against to the trader. The said forex is the responsible for all the risk and financial resources and trading system that has been used by the trader.
AUDUSD 90P
ANyone catch this. maybe my drawline wrong but the price expectation to the upside is perfect, we wait for FOMC,
COngrats who follow and trade this.
Trade base on your own decissions.
COme and check me out for more analysis.
Some of my Analysis is PRivately shared. Come and check me out.
IF you like my IDeas please give a comment or like, or if you have suggestion you can share it..
Trade Going As Expected Quick update on this position from last week price is moving nicely towards the first easy target 0.69 previous high in current upleg.
I will monitor closely as do expect some buyers to come in at this level
Hence I have closed 50% of position and moved stop loss to entry price.
AUDUSD SELLAUDUSD is a very Simple Trade so based on my Analysis, on The Daily TF, we had a very Good Confirmation on the Daily Resistance Level and it also Gives us A good Candle Candle Stick pattern Of A price rejection, so that means the Buyers a Having A very Weak power to push price higher.
On the H4 / H1 TF We have a Trend line and it is very Easy to Notice and also very Clear that the price broke the trend line went to zone 0.70825, and Retested the Trend line 0.61 Fib Level.
So Basically we are on a good send Entry point 25 pips stop loss is actually very Good risk on this trade total pips on TP1 126 pips and TP2 gives us 150 pips
So Sell AUDUSD
SL: 0.71313
TP1: 0.69790
TP2: 0.68287
Good luck guys
Please do not Forget to Like And drop a Comment on what you think about this analysis, Comments are very important please guys thank you.
SELL AUDUSD AT RESISTANCE LEVELHello ! According To Me AUDUSD Will Fall From Resistance Area . AUDUSD is Now Trading Near Daily Resistance Area . When Price Reach At 0.7135 Level Then You Can Take Short Position With SL 0.7180 & TP 0.7050 Price . I Hope We Will Make Good Profit From This Trade .
Thank You .
AUDUSD Long Term Predictions (4H Chart)Technical Analysis Summary
AUD/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
[NEW TRADE ALERT] In We Go......So as per my last post (read related post) you will see this pair has went exactly as expected the market was clearly targeting the resistance located around the 0.71 area also the top of a Monthly SUPPLY/SELL zone.
We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the lower timeframes all we needed to get into this trade was a SELL signal on the TRFX indicator.
Which we have got across the board today and I have entered a position based on an 8 HR signal stop loss is located around 0.73 and first target will be the previous swing high in current move located at 0.69 with a final target being the 0.66 - 0.67 area.
As the position moves in my favor I will use a trailing stop as we move down.
Hope you enjoyed the post happy trading :)
Time To SELL ??We are deep inside a Monthly SUPPLY/SELL zone with a strong resistance located @ 0.71 thus now is a good time to start to look for a sell signal for a move down to test the newly formed WEEKLY DEMAND/BUY zone starting at the 0.66 area.
What I expect to occur over the next period is maybe a spike up to test the 0.71 the market may spike above it as could be an area where there may be some liquidty, I will wait for my TRFX indicator to give me a signal on a chart between 6hr and daily chart only then will my sell trade to be confimed.
Once in the trade we should get an easy drop down to the 0.68 level which was a previous HIGH in the current uptrend this is the first easy target for the position second target will be the weekly DEMAND/BUY zone this will also be a good area to look to buy this pair again for a move up towards the 0.73 area.
Enjoy