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Audusdlong

AUDUSD POTENTIAL SHORT FORMATION IN PROGRESSWhen we zoom out on the higher time frames, we can see that the pair is in a strong downtrend despite the bullish correction in the daily time frame which lasted a few days. We have listed various reasons which support our bearish basis. 1: Monthly time frame trend suggests a strong downtrend. 2:Price failed to break the lower high formed on the 4th of April 2023 3:Trendline like breakout 4: Ascending triangle breakout We will wait for price to correct on the lower time frames before looking for an entry. We need the trade to be a minimum of 1 to 3 risk reward before we consider looking for an entry.
Short
by NDOBObanks
Will AUDUSD react at previous swing low?AUDUSD - 24h expiry We are trading at oversold extremes. Price action looks to be forming a bottom. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 0.6574. We look to Buy at 0.6575 (stop at 0.6540) Our profit targets will be 0.6665 and 0.6780 Resistance: 0.6665 / 0.6780 / 0.6925 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Top Down Analysis of AUDUSDHere is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside. However, it is possible that we bounce from the current level and head back up towards last weeks high. In this case I'd wait for a break of the PDL which was broken today and if we close above this area I'd look for a setup to try get long and target higher up Liquidity. Time and price will tell
by elliotthforex
Intraday Bullish Momentum swingThis is a follow up and actual trade taken by myself. I placed a short term buy today at 10:30A.M on AUDUSD simply because lower lows ceased being formed at a key support level. After a strong bullish correction trendline was broken then on the 4Hour the 8Moving Average crossed to the upside of the 21SMA. that's relevant because it lags behind price. The 1 hour provided some reversal signals at a clear support and the trade was essentially taken based on pure candlestick analysis. I love trading reversal candlesticks on top of support. Especially after a market gap on Sunday. I believe a potential inverted head and shoulders is on the way after price failed to make a lower swing low and is now attempting to create a new swing high. Potential short term up trend beginning with indecision candles then a bullish engulfing on top of a weekly support.
Long
by DesharedPierreJr.
AUDUSD to find buyers at 0.236 retracements?AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 0.6630 level. We look to Buy at 0.6632 (stop at 0.6602) Our profit targets will be 0.6707 and 0.6727 Resistance: 0.6780 / 0.6925 / 0.7160 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AUDUSD - AMD Pattern Confirmation ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we can see a clear confirmation of AMD pattern, price was accumulated for last 2 months and then manipulated buy side liquidity and then started the distribution. I see price to continue bearish price action to fill the imbalance lower. Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate, negative results could support our analysis for bearish move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDUSD 0.66794 +0.61% LONG IDEA 🐮📈💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at AUD/USD HEADING INTO THE LONDON SESSION 1. Looking for a take of BSL to create some mss+. 2. Trade back into the asian range before continuing towards the upside. 3. Looking at momentum heading into the PD arrays ie. +FVG. 4. Looking for a reversal trade towards the bull should this fail continuing with the bearish trend. 5. TARGET would be the the BSL & THE DAILY +OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
by PULEMokhothu
AUD/USD: 15/05: Short term signal todayOANDA:AUDUSD AUD/USD refreshes the intraday high near 0.6666 as it bounces off key short-term support to record its first daily gain in three days early Monday. In doing so, the Aussie pair also justifies the recovery of the RSI line (14) from the oversold zone. It is worth noting that the bullish MACD signals also support a reversal from the two-week-old horizontal support zone around 0.6645. Even if the AUD/USD pair surges past 0.6685, the 200-HMA and the horizontal zone comprising multiple levels marked since May 5, close to 0.6756, could challenge buyers. before giving them control. Alternatively, a downside break of the aforementioned horizontal support near 0.6645 will not hesitate to challenge the late-April swing low around 0.6570. The RSI has now broken out of the oversold zone. At the same time, the MACD line has started to cross the Sinal line. These are the factors that are currently supporting the AUD/USD rally.
Long
by DNA_TradingFX
AUDUSD to find support at previous resistance?AUDUSD - 24h expiry There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 0.6806. We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 0.6720 (stop at 0.6690) Our profit targets will be 0.6795 and 0.6815 Resistance: 0.6925 / 0.7160 / 0.7400 Support: 0.6665 / 0.6550 / 0.6380
Long
by OANDA
20 Reasons for Buy AUDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Multi-year bearish trend in effect. 2:📆Monthly: Market made an insider high and low, but was rejected from the monthly order block. 3:📅Weekly: Market structure is bearish, but it filled out the last swing 50% area and respected a strong reversal upside signal with a double bottom formation. 4:🕛Daily: Daily structure is bullish and the market completed its inducement, indicating an overall bullish trend. Market may go above 0.7100 levels after a long consolidation. 😇7 Dimension analysis 🟢 Analysis time frame: H4 5: 1 Price Structure: Sideways 6: 2 Pattern Candle Chart: Double Top 7: 3 Volume: High volume during this period suggests buyers are active somewhere. 8: 4 Momentum UNCONVENTIONAL RSI: Above 60, indicating a super bullish zone. 9: 5 Volatility measure Bollinger Bands: High bullish volatility. 10: 6 Strength ADX: Bulls are in power. 11: 7 Sentiment ROC: AUD is the strongest this week. ✔️ Entry Time Frame: 15 Min 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Last FVG should be a support. 15: Wait for a trigger event. ☑️ Final Comments: Buy at support or breakout. 16: 💡Decision: Buy 17: 🚀Entry: 0.6725 18: ✋Stop Loss: 0.6687 19: 🎯Take Profit: 0.6900 20: 😊Risk to Reward Ratio: 1:5 🕛 Expected Duration: 3 Days
Long
by Optimum369
AUD/USD - Bullish Divergence - Bullish Trend Reversal Overview FX:AUDUSD was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low! Analysis & Plan After formation of bullish divergence on FX:AUDUSD , price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long position on break of HH and expecting price to continue the bullish trend!
Long
by Tempo_Trades