AUDUSD H4: Bearish outlook seen, further downside below 0.6780On the H4 timeframe, prices have fallen below a key support-turned-resistance zone at 0.6780, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6700, in line with the graphical low and 23.6% Fibonacci extension. Prices are holding below the Ichimoku cloud, supporting the bearish bias.
Audusdshort
Look for sell opportunities on AUDUSD!AUDUSD we are bearish biased. We are expecting US dollar index (DXY) to appreciate during the coming days, which in turn will send Australian dollar lower. Technically, the pair has now switched bearish. We will be looking for short opportunities the coming week and we will be paying attention to an imbalance and a bearish candle that opened at 0.65044 on 09 November 2022 (AUDUSD is more likely to gravitate towards that).
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AUDUSD 2hr Minor correction (22/02/2022)After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow.
However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly.
What are your thoughts on this? Feel free to share your comments below.
AUDUSD Bearish on weekly (24/02/2023)Using my topdown analysis from monthly TF upto to 4hrs TF, everything is pointing to a bearish trend for AUDUSD. AUDUSD failed to break the resistance trendline and it has presently showed an engulfing bearish candle on the weekly and monthly chart.
I'm expecting the price to retest the last major support at 0.61792. I am anticipating over 400pips as the market descend.
I have placed my entry and 2 TP targets on 4hr time frame.
However, there is a probability for price to retrace at the minor key level of 0.66880 marked in yellow.
What's your thought on this? kindly like and comment
AUD/USD Running In 50 Pips 0 Drawdown , Did You Enter With Me ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD bias is still for lower levels.AUDUSD - Intraday - We look to Sell at 0.6885 (stop at 0.6925)
Buying pressure from 0.6794 resulted in prices rejecting the dip.
We are trading at oversold extremes.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.6785 and 0.6765
Resistance: 0.6925 / 0.7160 / 0.7400
Support: 0.6780 / 0.6665 / 0.6550
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AUD/USD showing promising signs to our original target at 0.6500AUDUSD as previously mentioned. Formed a Rising Flag (broke below)
At the time the indicators were all mixed but now we have stronger signs that the price wants to come down.
21 >7 - Bearish
RSI < 50 - Bearish
Target 0.6500
CONCERNS:
The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
AUDUSDThere is evidence of bearish order flow imprinting on the AUDUSD. We have registered a CHOCH and BOS on the 4HR. For confirmation, we have a CHOCH an the DTF confirming our bearish bias. In the interim we anticipate a bullish correction targeting the unmitigated OB(in yellow sitting lower-aggressive) or the fair value gap inside the unmitigated OB sitting higher(conservative entry) targeting a 9 RR. As swing traders, we favor the conservative entry targeting the 0.63 region.
AUDUSD Analysis
Hey yall Hey
I am super brand new to posting ideas so lets get into it!
AUD USD is the pair that we are looking at. The trading week is over.
I use the 50 and 200 EMA to determine the trend momentum.
As of today the momentum is
Monthly - BEARISH
Weekly - BEARISH
Daily - BEARISH
4h - BEARISH
There is a dragonfly doji closing out the trading week 2/17/23.
..... I definitely had an ADHD moment (undiagnosed) I was going to say that if price closes past the high of the previous candle 0.68850in the 4h there will be bullish moment.
2/21/2023
Update: I missed the bullish movement But I did catch the bearish move right after.
The larger trade was manually closed because I got a little nervous. So I hoped out and took my profit. Then I re-entered the market with a .02 lot size so that I could take partials. Im watching this trade to close. Ill move my stop loss before I go to sleep tonight. Drop some feedback in the comments. Keep it cute cause I'm sensitive about my shit!! lol
📌 Potential SELL setup for: AUD/USD👩🏽💻Technical: On the daily chart, the price broke the trendline, but the price is having difficulty breaking lower because of the strong support at 0.6860. Yet, the moving averages are still trending south, suggesting a continued bearish bias for AUDUSD. On the 4-hour chart , we can see that the price tried to break out of the support at 0.6860, but the selling pressure was not as strong enough.
🎯 For an ideal entry: If the support level is broken, we can expect a continuation of the downward trend after a push > exhaustion cycle completion. ONLY ENTER IF IT BREAKS OTHERWISE NO ENTRY.
audusd going short possible sell set up for audusd , dxy just broke out of the bearish orderblock level , bias will switch to bullish , looking for short set up on audusd , waiting for price to break the previous bullish orderblock on audusd before executing the trade set up . will be placing a sell stops order and target will be the next low . stop loss will be placed on the wig of the break out candlestick pattern
AUDUSD H1: Bearish outlook seen, further downside below 0.6920On the H1 time frame, prices are facing bearish pressure from the resistance zone at 0.6920, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6820, in line with the graphical low and 50% Fibonacci extension. Stochastic is approaching resistance as well where we could see a further downside below this level.
AUDUSD GOING DOWN LONG TERM!!!HELLO TRADERS
It seems like on a weekly timeframe this pair reached a resistance or supply zone(LOWER HIGH) and to back this up with top down analysis on a daily timeframe, the market formed a head and shoulders chart pattern which is a reversal chart pattern.
Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market.
Before any sell orders the market has to go through a correction phase to release buyers that are still in the market.
On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries......
N.B THIS ANALYSIS CAN ALSO BE USED ON CORRELATING PAIRS:
EURUSD
GBPUSD
NZDUSD
USDCHF
USDJPY