AU m15 supply poi for sellselling AU at this POI, confirmed first rejection from supply. Low risk high reward
USDAUD trade ideas
AUDUSD has limited downside room on RBA dayHaving breached a one-month-old bullish channel the last Friday, AUDUSD portrays a recovery that recently crossed the 200-SMA and a horizontal support area comprising multiple levels marked since early December 2022, respectively near 0.6900 and 0.6880-70. Also adding to the downside filter is a seven-week-long ascending trend line, close to 0.6840 at the latest, a break of which won’t hesitate to drag prices toward the previous monthly low surrounding 0.6685. It should be noted that the oversold RSI (14) hints at a corrective bounce even if the MACD supports the bearish momentum.
Alternatively, recovery moves may initially aim for the 0.7000 psychological magnet in case of the hawkish RBA announcements, other than the already known 0.25% rate hike. Following that, the aforementioned channel’s lower line, around 0.7080 by the press time, could probe the AUDUSD bulls. In a case where the Aussie pair buyers remain in control past 0.7080, a weekly resistance line near 0.7165 will act as the last defense of the ears bears.
To sum up, AUDUSD remains on the bear’s radar on the RBA day but the downside appears limited.
Having a Bullish Outlook As the price has come into lower bound range it seems more favorable to anticipate a good Bull run .
AUDUSD might be heading SHORTFX:AUDUSD
A retracement to the upside then a strong pull back to the downside is expected on AUD/USD
USE RISK MANAGEMENT AND TRADE THE MONEY YOU ARE WILLING TO LOSE
SMART MONEY CONCEPT
AUDUSD Down Trend.!#AUDUSD Looking for Sell trade setup as I mentioned in the Chart.!
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AUDUSD Sell Trade opportunityAUDUSD Sell Trade opportunity
Currently, the market is on the Fibonacci 0.61 level, there is a bearish candle indicating that it is a good level for a retracement. I am expecting that the market will retrace to the next support level indicated on the chart.
AUDUSD stays pressured towards 0.6980-75 support confluenceDespite the latest pause, AUDUSD extends the week-start pullback from a nine-month high as the economic calendar starts spreading key releases. In doing so, the Aussie pair stays inside the monthly bullish channel. That said, the RSI retreat from overbought territory joins the downbeat MACD signals to also tease bears. Even so, a convergence of the stated channel support line and the 100-SMA highlights the 0.6980-75 zone as the key for the bear’s entry. Following that, a seven-week-old horizontal support zone near 0.6880 could challenge the quote’s further downside before placing the bear in the driver’s seat.
Meanwhile, multiple highs marked around 0.7130 and the recent peak surrounding 0.7150 could challenge AUDUSD bulls. Also acting as an immediate upside hurdle is the aforementioned bullish channel’s top line, close to 0.7170 at the latest. In a case where the Aussie pair remains firmer past 0.7170, the 0.7200 round figure and May 2022 high surrounding 0.7285 could gain the buyer’s attention.
Overall, AUDUSD slips from the bull’s radar but the bears need confirmation before taking control.
aud usd sellsell aud usd
key levels
inducement
break of structure
poi
and good risk reward
pls support
AUDUSD - 15M PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
AUDUSD -AUDUSD H1 Short Analysis.
-Strong USD= Sell AUDUSD.
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Approach towards AUDUSD Short.Hello Traders!
1. We see an Elliotical rising wedge completed.
2. A clear impulse down . We can expect at least one more impulsive wave even if it happens to be a zigzag correction and not an impulse down.
3. A retracement of 61.8%.
4. The invalidation level and target levels have been marked on the chart .
5. This is not a very long term trade . Though, it is not expected for AUDUSD market to touch the invalidation level even after our trade is complete, we will still not go short further than Target 2 and wait for re-entry.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
AUDUSD SELL LIMIT1) order limit
2) maintain stoploss
3) follow money management
4) journal your trade
Thank you
AUDUSD braces for further upside inside 3.5-month-old bullish chDespite the AUDUSD pair’s south-run on the downbeat Aussie jobs report, the pair trades successfully inside a 3.5-month-long upward-sloping trend channel. That said, the overbought RSI highlights beyond an ascending trend line hurdle stretched from mid-November and the 61.8% Fibonacci retracement level, respectively near 0.7015 and 0.7090 as near-term key hurdles. Following that, the August 2022 peak surrounding 0.7140 could act as the last defense of the Aussie pair sellers, a break of which could propel prices towards June’s top of 0.7282 before eyeing further advances.
Alternatively, pullback moves could aim for the aforementioned channel’s lower line, near 0.6800, as well as the 50-DMA level surrounding 0.6770. In a case where the AUDUSD price drops below 0.6770, the bearish trend could be respected, which in turn highlights the 23.6% Fibonacci retracement level near 0.6500 as the attraction for bears.
Overall, AUDUSD holds onto further upside even as the overbought RSI line hints at a pullback.
#AUDUSD Important Resistance ZonePrice has reached a very strong resistance zone
On the H2 time frame
As we can see, price is moving in a rising wedge pattern
Two ways to enter the trade
1: Sell price with your nearest target at 0.69600
2: Wait for the breakout of the pattern to short price
The Ikigai of Profitable TradingYou're mistaken if you think that being a profitable trader revolves around cracking the code to defeat the market and being able to predict it's every move.
Trading is about probabilities and about how well you're able to maintain the balance of the ikigai of trading (my words) which are 3 equally important things namely - an edge, risk management and psychology.
Master your mind to master the charts.
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AUDUSDDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
AUDUSDPrice reach at supply zone
Entry at limit
Follow risk management
Journal your each trade
Thank you
