Aussie has been in a downtrend and the dollar index has formed a bullish pattern and is trading above the key levels. We are now looking at the consolidation in the aussie and it looks like the consolidation is merely a bear flag from which a downside break is more probable.witht he dollar index forming a inverse head and shoulder pattern and the aussie forming a...
It seems like you are describing a potential trading scenario for the AUD/USD pair based on a clear downward channel breakout after some event related to the USD. You mentioned potential price targets of 0.6598, 0.6606, and 0.6624.
Price is taking support from a strong supply level (support zone) also the price retested this zone. Now waiting for the breakout of bearish treadline. A triangle chart pattern can also be seen here.
Possible AUDUSD trade idea
can look for buys from above mention level
above setup is 1:3 RR
please manage risk properly
Enter at your own risk !
Indicator based SMC approach.
follow and like for more such setups.
AUDUSD struggles to defend the bounce from a two-month-old rising support line and the 200-SMA amid softer Australia Consumer Price Index (CPI) data. Also attracting offers for the Aussie pair is the risk-off mood and an impending death cross on the four-hour chart, a bearish moving average crossover between the 50-SMA and the 100-SMA. It’s worth noting, however,...
-The price makes the higher low and lower high in HTF.
-As the structure suggested, there should be a slight bounce back for the supply area for the further downside
-The sell setup is invalid if the price breaks the near-demand zone.
-The demand and supply zone is marked on the chart
Here is my analysis for AUDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The Australian dollar held below $0.678, hovering at its lowest levels in nearly two weeks, weighed down by a rebound in the US dollar as investors pared back aggressive bets on Federal Reserve interest rate cuts this year.
A cautious turn in risk sentiment also pressured the aussie, with stocks and commodities retreating sharply from recent highs while...
SELL AUDUSD 0.68400, SL 0.68750, TGT- 0.67200, TOTAL 1200 POINTS (120 PIPS)
its a long time given higher high and on weekly chart there is registance and according to Smart Money and Spinner Entry,
SELL AUDUSD 0.68400, SL 0.68750, TGT- 0.67200, TOTAL 1200 POINTS (120 PIPS)
The Australian dollar appreciated to around $0.683, scaling fresh five month highs as cooling US inflation reinforced bets that the Federal Reserve will start cutting interest rates next year. Lower rate expectations also lifted commodity prices, providing a boost to Australia’s resource-heavy industries and currency. Meanwhile, analysts suggested that the Reserve...
FOREXCOM:AUDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
AUDUSD edges higher past 0.6700 after posting the biggest weekly gains since the mid-November. In doing so, the Aussie pair defends Wednesday’s upside break of descending trend line stretched from early February, now immediate support near 0.6650. The resistance break joins upbeat RSI (14) to keep the buyers hopeful. However, the MACD signals appear less bullish...
AUDUSD remains pressured on early Monday, after snapping a three-week uptrend by the end of Friday. In doing so, the Aussie pair justifies its risk-barometer status as traders await this week’s key data/events comprising the US inflation, multiple PMIs and top-tier central bank meetings. In addition to the market’s anxiety, the bearish MACD signals and a...
Go through the analysis carefully, and do trade accordingly.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening )
Our trading Preference
Trading tips: (Accuracy 90%)
AUDUSD Sell: 0.26300-0.66500
TP@0.65400 & 0.64000
SL@0.670000
Best of luck
Never risk 2% of principal to follow any...
