Bearish Outlook on AUDUSD- 19 May 2023On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 0.67, which is in line with the 50% Fibonacci retracement level, and a break below downside confirmation level at 0.6580 could provide the bearish acceleration to the support zone at 0.6420, which coincides with the 161.8% Fibonacci extension level. Price is hovering below the 20 EMA and ichimoku cloud, supporting our bearish bias.
Audusdshort
AUD/USD To continue in its bearish move.This is another view of the previous Idea i stated regarding AUD/USD For the short.
Looking for the Trade to enter a downtrend when it hits the resistance line at 0.66927 also looking for my confirmation to enter the trade @ 0.66809, As you can see AUD/USD still has a large gap area to be filled looking for the trend to continue filling the gap ass well .
aud/usd continuation move here we see aud/usd at a support area how ever on the higher time frame we've broken structure
im setting a sell/stop to trigger if price comes backs down its going to execute and get me in there to catch the move to the downside
dollar looking very strong in the near short term as its recently broken a resistance looking to go to the the next résistance
disclaimer - trading is risky and you should never trade with money you cant afford to loose
this information shared is for educational and demo purposes only!!
AUDUSD Sell PotentialHere is the framework for these two sell setups:
Weekly:
-we remain bearish, albeit the ranging markets and consolidating behavior
-the pair has been trapped between 0.68000 and 0.66000 key institutional levels for the last 10 weeks!
-this implies that most of the price action within these two levels has been in a bid to collect orders and liquidity for when the pair finally breaks out of the consolidation parameters- whether to the upside
or the downside.
Daily:
-I have noted a head and shoulder pattern on the daily amidst the choppy price action.
-this pattern is bound to play out in the course of the next few weeks. I simply remain aware of it without using it as a confluence or core reason for my current bias.
H4:
-we swung strongly to the downside from 0.68183, precisely, all the way to the most current market lows at 0.66286.
-we have since then retraced to the 38.2% fib level and,
-according to my assessment, are bound to create a double top at this level
Midrange: M15 TO H1
-we are bearish.
-we have, however, also been in range within this time frame
-we harvested the Tuesday and Monday low respectively in the course of the Asian session on 17.05
-we also tapped into the weekly low set last week at 0.66362 and had a clean rejection to the upside after tapping this liquidity
-current price action indicates that we have the Monday and Tuesday highs sitting amply at 0.67087 and 0.6798 respectively.
-the two highs portend a source of liquidity for the pair
Fundamentals":
-the Australia employment figures come in at 4.30am (UTC+3)
-IF price ends up pushing north to harvest the aforementioned highs, I will be inclined to sell the pair with the following confluences:
1. we have an institutional level, 0.67000 where institutions are bound to place sell orders on the pair from
2. the Monday and Tuesday highs will have been neutralized to provide the needed fuel to drive price south
3. H4 will have formed a Moolah/double-top around the 38.2% fib level on its swing. This will allow the pair a double rejection incentive to sell off the aforementioned highs
4. the weekly low at 0.66060 remains my area of target for the pair as we seek to collect liquidity off the lows
Based on these confluences and the market environment, I am comfortable selling the pair with the right price rejection around 0.67150 on two fronts:
a) sell on the intraday and aim for 0.66400, the most recent visible demand level where price might be limited in breaking
b) due to a continuation on H4, I intend to sell all the way to 0.66000, owing to the -27% extension that sits at 0.65876 as well as the aforementioned weekly low acting as incentive for sells at 0.66060.
NOTE: all this is just my opinion and not financial advice. Analyze the market yourself and place trades based on your own biases and conclusions.
AUDUSD - AMD Pattern Confirmation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we can see a clear confirmation of AMD pattern, price was accumulated for last 2 months and then manipulated buy side liquidity and then started the distribution. I see price to continue bearish price action to fill the imbalance lower.
Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate, negative results could support our analysis for bearish move.
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IntradayThirty Minute setup on AUDUSDI enjoy taking a miniature move within a larger scaled move. What we have on AUDSD is a 4h swing low to create a lower low. then a retest up to 38.8% then a rather quick continuation with the bearish trend. I'm looking to short on a 30minute setup. Simple lower lows and lower highs will support my decision to trade this pair.
AUDUSD 15M: Bearish outlook seen, further downside below 0.6665On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 0.6700, which coincides with the 61.8% Fibonacci retracement, and a break below downside confirmation at 0.6680 could present an opportunity to play the drop to the resistance-turned-support zone at 0.6665. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
AUDUSD 250pips HIGH PROBABILITY SETUP!!!AUDUSD just had a CLEAN BREAK to the downside, now we for a PULLBACK for a solid SHORT setup.
Price is currently below, 200ema & 800ema, baseline, cloud, with a super strong BEARISH confirmation on D1.
#1 ENTRY (Risk Entry, Good Reward) -: New SHORT TREND has been set, now we need to get entry at a point with the least amount of risk and area that is most likely to trigger a massive SELL OFF
that would be around the 800ema on H4. Wait for price to pullback and get a SHORT.
INVALIDATION
Price fixing ABOVE 800ema on H4 will be seen as a RECOVERY, when this happens, exit all SHORT positions.
TARGETS
We are looking at FIRST TP to be at the next AUTOMATED KEY ZONE (Blue zone - 0.65000)
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
AUDUSD 4hrsAUDUSD has been ranging for a long time within this support and resistance. I price rejection at this level and i will look for a sell entry, meanwhile there is possibility for price to break the resistance and continue the reversal to the uptrend.
I will wait for retest and of the key zone and i will look for buy entry.
AUDUSD Potential SellWeekly:
-remains bearish in my opinion
-closed very bullish
-high probability of opening bearish on the short term
Midrange:
-tapped into a zone of orders/supply level on H4:
-Friday low at 0.66890 the most preferred level to grab liquidity and rally thereafter
-50-60 pip potential
Trade plan: await a close of the spread window (usually 1hr into the market open), and take a sell of the pair if and when the market indicates a clear rejection on M15 in favor of the bears.
Target: 0.66850
NOTE: this is not to be construed as financial advice. It is simply my opinion based on my analytical tool.
AUDUSD Sellers are back!A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone.
AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback.
Sell is the Call and we will use .6754 as the stop loss.
Enjoy!