Audusdshort
AUDUSD 240 MINS TIMEFRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Who's Right? Hawk Economists vs. Dove Traders - RBA meets TodayYesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting.
Despite some analysts adopting a more hawkish stance and predicting a rate hike as the most likely outcome of today's meeting, money market traders have reduced their forecast to a one-in-three chance of an increase, down from 40 percent on Friday afternoon.
Although inflation numbers in Australia have slowed down, the Consumer Price Index remains above the target range, while the key interest rate stands at 4.1 percent, below the CPI. Furthermore, recent remarks from RBA Governor Lowe have maintained a hawkish tone, leaving the possibility of further rate hikes open, even after two unexpected increases.
As US markets remain closed in observance of Independence Day, the AUD/USD has been consolidating at 0.66700 prior to the RBA decision. With conflicting views from economists and traders, the meeting's outcome has the potential to inject some volatility into the pair.
In terms of potential resistance levels, the initial zone to watch out for is around 0.66900, followed by 0.67200. However, it is important to note that considering the RSI's decline below the 60.00 level, the upward momentum has weakened. Nevertheless, the overall inclination remains biased towards the upside. Therefore, exploring higher levels may not be immediately feasible.
AUD/USD best level to sell +210 PipsDear traders, in my previous AUD/USD idea, I mentioned selling at
0.6720. That idea resulted in 120 Pips profit.
Currently, AUD/USD is in a pullback phase after touching 0.66.
Note that the area around 0.6692 is a dynamic resistance zone.
So, if price struggles at this level, traders can consider selling
at 0.6692-0.6702 with SL above the resistance and TP at 0.6475.
AUDUSD-SHORTSimilarly, to NZDUSD, the long-term market outlook is bearish. On the 4-hour chart, we have a bullish correction targeting the fair value gaps at 0.67348 and 0.68255 respectively. We favour an entry at 0.67348 since it is sitting where within a flip zone. However, we are alive to the fact that the pair can push higher targeting the fair value gap at 0.68255 price handle. Our target profit zone is 0.643 price handle.
AUDUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
AUDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
Fundamental analysis: Tomorrow we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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AUD/USD hourly chart analysis, further decline likelyDear traders, AUD/USD has pulled back a bit after dropping to 0.6665 level.
However, it seems like the current pullback is about to end.
Price is struggling to cross the 100-hour moving average which is acting as
a dynamic resistance in AUD/USD . So, my recommendation is to sell the
rallies in AUD/USD.
The short-term target would be 0.6670. If the minor support line at 0.6670 breaks,
expect further decline towards 0.66
AUDUSD to stall at previous support?AUDUSD - 24h expiry
A Doji style candle has been posted from the base.
Buying pressure from 0.6667 resulted in prices rejecting the dip.
Price action looks to be forming a bottom.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 0.6750 (stop at 0.6782)
Our profit targets will be 0.6671 and 0.6651
Resistance: 0.6810 / 0.6890 / 0.7010
Support: 0.6620 / 0.6460 / 0.6380
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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AU Dump Set to Soar by an Impressive 3.57%?Technical Analysis :
12 hour pull back chart :
Verified by VRVP :
I'll join the action only when that red line finally breaks.
My strategy involves using a dynamically trailing stop loss approach.
Feel free to leave comments if you'd like to receive regular updates on my SL's.
Thank you, loyal followers! Your support drives me forward on this incredible trading journey. Let's achieve financial success together!
Bearish Outlook on AUDUSD - 23 Jun 2023The price on the H4 timeframe has recently breached the consolidation range of 0.6750 and 0.6800, indicating a breakout. A throwback to the resistance zone at 0.6750 could provide the bearish acceleration towards key resistance-turned-support zone at 0.6650, which coincides with the 227.2% fibonacci extension level. Price is hovering below our ichimoku cloud and 20 EMA, supporting our bearish bias.
AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: As I expected in my previous analysis price rejected from daily bearish order block and changed the character on 1H timeframe. Now I will look to add shorts position, so want price to continue the retracement to fill the imbalance higher and then rejects from there.
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AUDUSD Daily Analysis AUDUSD has been ranging since early this year, while I took some trades within the range, I was anticipating a breakout from the support for a short trade. Market broke out as anticipated but reversed back inside the due to fundamental news that pushed the price even above the resistance level.
The confusing part is that price is back into the range. While I'm presently expecting a further drop in price, I know price could possibly continue the uptrend as this could just be liquidity grab
What's your thought on this? Like and comment below