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Audusdsignal

AUD/USD best level to sell + 130 PipsDear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level (previous idea is attached below for reference) based on daily chart analysis. As you can see AUD/USD has dropped close to 20 pips from the double-top resistance level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall further towards 0.66. Traders can sell the rallies in AUD/USD as long as the resistance remains unbroken with SL above resistance and initial TP at 0.6620
Short
by YourLazyTrader
AUD/USD IDEA (DAILY)🔸Howdy Gang, let's analyze the Daily chart for AUDUSD today. 🔸Expecting price to liquidate 0.67170 then we sell around 0.67280 or we sell at 0.67443 🔸Recommended strategy AUDUSD: Let it liquidate and then you enter. Stay safe gang! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by wolfsmt
AUDUSD ____ ENOUGH MANIPULATION, LET'S RALLYHello Traders, This week has been a roller coaster for some people and I'd count myself as one. But truth be told, it has also been a fun one too. If you recall, I had speculated that the dollar was to go bearish this week which would be that the likes of AUDUSD would go bullish. However, the dollar did some crazy manipulations which you will see clearly if you look at the dollar index. This manipulation also aided AUDUSD to head into a daily order block. As I had explained in my analysis of the dollar index, I expect a short-term bearish move initially and a long-term bullish move. This simply means that AUDUSD should rally... I suspect the manipulations are over and price is ready for this move. Follow me for more eye-opening analysis Here is my analysis on the dollar index Cheers, David
Long
by jabariofafrica
Potential swing trade short on AUD/USDThe AUS/USD is within an established bear trend on the 4-hour chart, and closed to a fresh YTD low on Friday having broken beneath the March and April lows. Prices have managed to retrace over the past two days during lower-liquidity trade whilst the US dollar’s rally took a breather. For now, we’re looking for evidence of a swing high below or around the 0.6550 – 0.6572 zone which includes the weekly pivot point, March and April’s lows. We note that some of the heaviest volume during its previous leg lower is at 0.6532, which suggests bears are caught short whist prices retrace higher. SO whilst we see the potential for another burst higher, it’s important prices remain below 0.6580 (otherwise we can expect bears to cover and trigger a short-covering rally). The initial target is around the 0.6500 handle / last week’s lows, a break beneath which brings the 0.6450 / weekly S1 and 0.6400 lows into focus.
Short
by CityIndex
AUD/USD: Precision Analysis for a Lucrative 2.5% OpportunityTechnical Analysis: Red Line: It is a key level in both directions. If it is broken, either upwards or downwards, it indicates a potential long or short position based on the breakout. Orange Line: This line represents the first target. It is a level where traders can consider taking profits or adjusting their positions. Blue Line: Another key level that serves as a target. If this level is broken, it not only indicates a potential target but also provides an opportunity to increase the position size. Stop Losses: Stop losses are not fixed and depend on the specific trade situation. The preference is to use tight stop losses, especially when trading based on one-minute intervals. The choice of stop loss levels may vary depending on the individual trade and risk management strategies.
by UnknownUnicorn14930146
AUDUSD 31May2023there is still a fairly strong bearish pressure, and there is no sign of a reversal. we can argue that the price entered wave 3 with the invalid area boundary in notation (4). special note, even though the price is likely to go up and higher than the invalid area, it does not necessarily mean that the price has reversed. the possibility is that the elliot notation is not correct and the price is still in a bearish period, it's just that he has an upward correction. so, be careful friends when deciding to go long later.
by Hokusai_FX