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Aussiedollar

The Secret Of 4 - AUDUSDThe secret is there is no secret. When trading Elliott wave moves (4) can often be the most complex, and unpredictable. Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below that of wave three. This is a good place to buy a pull-back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend. At the end of wave 4, more buying sets in, and prices start to rally again. In this instance, we have a clear Monthly target zone - supported by Overbought Oscillators. Weekly outlook is also similar to that of the monthly. The Daily structure is more interesting to see the move off the X-Trend or dip below it. A key area for the daily is around 0.73000 level In addition, there is a 2.618 extension from below - usually acting as a good target back for a retest after such an impulsive move up. Turning dates and pointers - This is a relatively new method for me, but a good friend of mine has used it for many years and in all fairness, it's not often too far out. Next date being around the 6th -12th of April for a change in direction. (Daily) as there's a weekend in there it's more likely to be 6-9th. On the smaller timeframes - there was a clear tag and go from the Golden Zone which dates back some time. Wyckoff structure - leaving the station (again smaller timeframe) Some pretty lines that make me think of a certain kind of pattern. 😜 And finally the DXY - I would really like to see a 93.20 level to complete this 4 move up DXY (Down AUDUSD). So overall trend bias is bullish - this is clearly a messy 4 move down, so expect a pullback here and a continuation down for a little more. Safe trading! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures
AUDUSD - Shorting a strong level + H&SDXY is set to continue getting stronger, gold seems to be getting weaker. This is bad news for the the Aussie Dollar. There's a head and shoulders structure formed on the daily with the neckline formed roughly around 0.76. Last night, we broke the 0.786 level that was previously a 4 touch support. This is a perfect place to short due to: Strength of the level as the inverse That very violent bounce on the 17th from the level It's a Fibonacci level Using our LTF chart to find an entry to take advantage of the HTF move, we can therefore short there with our HTF target. See chart for entries and exit. I've chosen that as my target since it's the last resistance before this whole run/range started. Happy trading:) follow for more
Short
by pasojov
AUD/USD - CLOSE TO OVERSOLD (BUY AREAS)Technical Overview: - AUD/USD Check out our previous posted analysis - Australian Dollar had been bullish for a long time following the printing of the US Dollar The more you have of something the less valuable it becomes, the feds had been printing day and night and they are not planning on stopping any time soon.. Just recently stimulus package was passed in the senate house leading to more printing, while the DXY can squeeze into highs, the outlook remains bearish Higher Time Frame - Last week we tapped into our buy zones after selling off and causing slippage due to NFP, on Friday late in the week we may see this bullishness carry over from this zone and continue to possibly see more bullishness over the week but for us to get a new entry we need to see lower pricing ideally in the lower zone Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
AUDUSDThere is a bullish trend on the WEEKLY timeframe for the AUDUSD pair. On the DAILY timeframe there has been a couple of different support and resistance ZONES. On the H4 timeframe we can see the 1 and 2 ZONE. Currently, the price has extended to no man's land. The final candle shows that there may be some bearish pressure as indicated by the bottom wick. In the next week we could see a move to the resistance of ZONE 2 and possibly a move towards the support of the same ZONE.
Short
by Godfather-Pips
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