Get started

Audusdshort

Is 0.68445 the New Resistance?What an eventful week we've just had. The AUDUSD pair did the three things we were expecting (anticipating) in the previous ideas. 1. Price closed above the 0.67700 level, finally. 2. Price tapped into that 0.68000 level and barely closed above it. 3. Price dropped massively on the second daily tap on that 0.68000 level and that can be seen on the hourly time-frame. We can thank the USD Non-Farm Employment Change and Unemployment Rate news release for that. Now, with these three points, what can we expect this coming week? Well, as the title of the idea entails - is 0.68445 the new resistance? I mean that being the case would be a great start. We already have enough evidence (confluences) that clearly show that price wants to drop lower. However, we need to get a resistance (supply level) for that to happen. By that I mean we want to see price continuing below the 0.68445 level; And when that happens, we will look for more setups to go short on the hourly time-frame. We still have to wait for the market to tell us when it wants to go and so, for now, we will just enjoy the weekend. Until next time, let me hear your thoughts and views below.
by MSQUAREDN
AUDUSD - Daily Trade Idea - 30-Nov-22AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1
AUDUSD H1: Bearish outlook seen, further downside below 0.6680On the H1 time frame, prices are facing bearish pressure from the resistance at 0.6680, in line with the descending channel, 23.6% Fibonacci retracement and M15 supply zone. A pullback to the resistance zone at 0.6680 presents an opportunity to play the drop to the next support target at 0.6630, which coincides with the graphical resistance-turned-support level and Fibonacci confluence levels. Ichimoku cloud is showing signs of bearish pressure as well, supporting the bearish bias.
Short
by T3-Consultancy
1
AUDUSD Analysis Bearish Opportunity-Price found support at the monthly demand zone and formed a double bottom. -Price then made a series of Highs and Lows as it began it's bullish push -Price then met resistance and closed Friday candle as a doji, hinting at bullish exhaustion. -The large bearish candle of today closing further confirm that price is ready to make a move to the downside. -Price also formed a double top pattern, which is a bearish reversal candlestick pattern. -I am expecting price to make a retracement to the 50.0 Fib level, which also will test the previous high. -A test of this previous high is also a test of the neckline of the previous double bottom. -A retest and respect of the previous high 50.0-61.8 fib level will serve as a higher low.
Short
by NoCeilingsTrading
1
AUDUSD - Daily Trade Idea - 29-Nov-22AUDUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
AUDUSD to Distribute Shorts?Howdy, howdy! Moving on from this week’s price action, we can clearly see that price has found support at 0.65848 and not the 0.65777 level we anticipated earlier this week (pretty close 😊). Anyway, what can we expect this coming week? 1. Well, for one, we still haven’t closed above the 0.67700 level on the daily time-frame (we have retested it again though) and honestly, I don’t think we have to close above it this coming week. For the coming week a touch at the 0.68000 level is enough for us to see some reversal signs. 2. Price looks to be creating some Wyckoff Distribution Schematics on the hourly time-frame and we are currently expecting the UT of Phase B. 3. Some short-term buys at the current SOW level can be expected. And yeah, that's pretty much it.
by MSQUAREDN
6
AUDUSD H1: Bearish outlook seen, further downside below 0.6750On the H1 time frame, prices are facing bearish pressure from the resistance at 0.6750, in line with the H4 supply zone, graphical resistance zone and 78.6% Fibonacci retracement. A pullback to the resistance zone at 0.6750 presents an opportunity to play the drop to the next support target at 0.6670, which coincides with the graphical resistance-turned-support level and Fibonacci confluence levels. Stochastic is testing resistance at 94.50 as well where we could see a reversal below this level.
Short
by T3-Consultancy
AUDUSD selling opportunity | 22 Nov 2022After price was significantly hiked upon news of softer than expected US inflation data on 11 November, a ranging AUDUSD can be seen early in the past week as competing macroeconomic events in the US and Australia left traders conflicted on price direction. However the first signs of a potential reversal could be seen late on 16 November when the release of US core retail sales data boosted investor confidence on consumer spending, which increased the prospect of inflation motivated Fed rate hikes and pushed AUDUSD down. Despite tight employment data from Australia being released shortly after that threatened to turn the downside move merely into a retracement on a larger bullish trend, hawkish statements from US Fed members decisively led the transition to a bearish bias. The downside move led prices to test the support level at 0.66500 which coincides with the 38.2% Fibonacci retracement. Price subsequently rebounded, but a breakthrough of the channel late on 22 November indicates a continuation of the downside move. Stochastic RSI is declining from the overbought region back past the 80th percentile level, supporting the bearish bias. We forecast a breakthrough of the 0.65800 support level to reach the next support level at 0.64000 which coincides with the 100% Fibonacci extension level. Tomorrow (23 November), a slew of US economic data expected to be released could trigger a break below the support zone, providing the bearish acceleration to the next support target.
Short
by T3-Consultancy
EURUSD Forecast: Swing Trade IdeaHey trader. As you can see the price is currently running in the double tops L1 and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L2 and L3 together for the 200 MA (that's visible on the MT4 chart). But the price will confirm that once it has bullishly spiked the Mini Daily H&S Neckline with a bearish candle close below the key level, 50 and 8 MAs (again). That will confirm both trade's biases. However, if the price rallies to break and retest the 1st 4H Key Lvl and 21 MA, that will reject these trade ideas. With that in mind, DO NOT TAKE THE TRADES, because this isn't financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind you doing that - I'd love to know your thoughts! That's it for today. I hope you found value in this article. If you have questions or would like to see more content like this one, check the listed articles below then hit the like button and drop your question. ;) Trade Safe, Sphatrades.
Short
by Doji-2k1