Audusdbuysignal
Setting Sights on a 0.64 BUY, Plus a Short-Term SELL IdeaI have two different perspectives: a short-term SELL trade for the upcoming week and a long-term BUY.
After a significant break and close of the 0.655 support last week, the next potential level for this pair could be the 0.64 zone. This area marks the untested Weekly DEMAND/BUY zone that was established last year, following a rapid drop to the MONTHLY DEMAND/BUY zone at 0.61.
Comparing the momentum of last year's drop and rally with the current price movement, the difference is notable. Both the drop to and rally from the 0.61 level were swift, characterized by large candles. The current price movement, however, is rather choppy, alternating between small drops and pauses.
The 0.64 level appears promising for a BUY entry point. It aligns with both dynamic trendline support and the Weekly DEMAND/BUY zone. I'll be watching this area closely for potential BUY entries, using the TRFX indicator from the 8hr timeframe and up.
On the chart, I've marked the likely path for this pair, though please note it may still drop. My stop level will be set well under last year's low, with targets extending up towards 1.70. I will provide more details when the trade triggers.
For my short-term SELL idea, I'm predicting a brief rally early next week back up to the previous support around 0.655. This will be my SELL entry point, targeting 0.64 or below.
As always, ensure proper risk management. Trades will be updated once they are entered. Happy trading!"
Remember, even the best analysis can be wrong due to the unpredictable nature of the markets. Always use proper risk management and never risk more than you can afford to lose.
AUDUSD Long TermAUD Weakness will be Over in Near Future.
Bullish Momentum will resume near 0.65000-0.66000 Area.
Wait for Price Action to Confirm Bulls Entry in Order Block Zone.
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Please Ensure You fully Understand the Risks and Carefully Consider your Financial Situation and Trading Experience Before Trading.
The Analysis may Subject to Change at any Time without Notice and is Provided for the Sole Purpose of Assisting Traders To Make Independent Investment Decisions.
Patience | Discipline | Trade Management
AW Aussie Dollar Long Swing Trade - The Bulls Are In Control...This chart relates to the video idea linked below.
Entry: At market.
Stop Level: .68725
Target 1: .80 Cents.
Target 2: .90 Cents.
Target 3: 1.00 Dollar.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
AW Aussie Dollar Analysis - The Bulls Are In Control...The corrective idea from the previous video has flown out the window with a break of the highs.
I see prices moving higher from this point. I believe Wave 3 is now playing out.
Whether it can be conceived that the correction was so small for Wave 2 could indicate overall Wave 3 price action.
From here we need to break a couple of levels and then we should see prices rise significantly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Where Too Start Buying AUDUSD ??We are quickly approaching key areas on the AUDUSD with a huge Monthly DEMAND/BUY zone that was created in 2020 after the flash crash at the start of this zone we also have a untested Weekly DEMAND/BUY zone starting around 0.616 this is where i will look to start buying this pair.
I will wait for my indicator to give a BUY signal on daily charts as we enter this price area and target the previous MONTHLY support around 0.662 this will be a first easy target for buyers and will also be an area that could attract large sellers to come back into the markets to push lower into the 2020 Monthly DEMAND/BUY.
The intial stop loss will be under the weekly DEMAND/BUY zone its a tight weekly level that if the signal occurs good risk/reward.
AUD/USD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
AUD/USD: Daytrade-Execution
Market-Buy-Order: 0,76590
Stop-Loss: 0,76400
Point of Risk-Reduction: 0,76770
Take-Profit: 0,76980
Stop-Loss: 19 pips
Risk: 0,5% - 1%
Risk-Reward: 2,20
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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AUD/USD 1H👋 Hello and welcome traders to another trade
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AUD/USD - Buy Set UpWe have a long term buy set up for the AUD/USD.
In this video, we look at how Iron Ore is a key export for Australia and the effect the commodity price has on the AUD/USD exchange rate.
With China's economy expected to grow in 2021, an increase in Australia's key export to the world's second-largest economy should support a continuation of the bullish momentum in both Iron Ore prices and the AUD/USD exchange rate.