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Audusdsell

"AUD/USD Reversal Setup – Short from Supply Zone!''🔹 Trend Overview: Price was in a strong uptrend 🔼, forming higher highs and higher lows. Key Zones: 🟦 Supply Zone (🔵 Resistance Area): 0.63803 - 0.64064 Price entered this zone and started to slow down ⏸️, showing signs of seller strength. 🔵🟤🟤🟤 📍Entry Point: 0.63803 This is where the short (sell) trade is planned. ✍️ "Let’s short it here!" 🚫 Stop Loss: 0.64064 Just above the supply zone to avoid false breakouts. 🛑 "If it goes here, we're out!" 🎯 Target Point: 0.62800 Previous support zone. 🟢💰🟢 💥 "This is where we take profit!" Indicators: 📈 EMA (7) – Black line Shows price momentum. Currently flattening ➡️, meaning bulls are losing steam. Trade Idea Summary: 📉 Bias: Bearish (Short) ✅ Entry: 0.63803 🛑 Stop Loss: 0.64064 🎯 Target: 0.62800 ⚖️ Risk/Reward Ratio: ~1:3.8 (Very solid!) ⏱️ Timing: Watching for signs of reversal before entering
Short
by Jameshead007
1
AUD/USD Supply Zone Rejection Trade Setup🔵 Supply Zone → (Blue highlighted area) The price is expected to reverse from here. 🔹 Entry Point → 0.60610 📍 (Marked with a blue line) The trade is planned to start here. 🟠 Stop Loss → 0.60934 ❌ (Marked with an orange line) If the price goes above this, the trade will be exited to prevent further loss. 🔻 Target Point → 0.59400 🎯 (Marked at the bottom) Expected profit zone if the trade moves as planned. 📉 Trade Plan: ✅ Short position (Sell trade) expected to drop from the supply zone. 🚀 Risk-to-reward ratio looks good as the potential profit is higher than the risk. ⚠️ Risk Factor: If price breaks above the supply zone, the setup might fail.
Short
by Jameshead007
32,600 Jobs Added! Aussie Dollar Skyrockets!32,600 Jobs Added! Aussie Dollar Skyrockets! The Australian dollar has surged, driven by an impressive employment report that far exceeded expectations. In the month of June, Australia's net employment rose by a staggering 32,600 compared to the previous month, surpassing estimates by more than double. This development propelled the Aussie currency up by over 0.9%, reaching an intra-day high of $0.6834. The New Zealand dollar also rode the wave, gaining 0.57% to reach $0.6299. Both Antipodean currencies are now poised to reverse the losses incurred over four consecutive trading sessions. The current market sentiment favors the bulls, with both short and long-term momentum in their favor. Price action is trading above the 50 and 200-day moving averages, reinforcing the positive outlook for the Australian dollar. Elsewhere in the currency market, the sterling is doing its best to counter deep losses following a sharp fall in the previous session. The decline was prompted by Britain's inflation data, which fell short of market expectations. The British pound managed a modest recovery, trading 0.15% higher at $1.2958 in the latest session.
by BlackBull Markets