#Setup 1 AudusdAUDUSD
There is a short-term Bearish BIAS on DXY.
So I am going long on AUD/USD with a risk/reward ratio of 2
AUDUSD trade ideas
AUDUSD LongAU failed to push lower on Friday and I don't see any sells I can see AU making a higher high and breaking structure on the 30 min time frame there's too many sells market seems to be rebalancing on the 4h time frame so I see this buy setup and see the USD pairs also losing momentum as well.
W Patern on 4HR Chart - It's a buy for next few days.As per my technical analysis, it's confirmed that this pair will retrace to my profit target 1 or 2 ( I will closely monitor the price action for the next couple of days to re-confirm my TP level). i have executed my buy entry last Friday on 4 HR chart (3 bar reversal candles). Good luck....
AUD/USD Bullish Momentum From Support We're currently seeing the Australian dollar strengthen against the US dollar and it advances with strong bullish impulse from major 4H support.
With good R:R we could catch a considerable number of pips with T1 and T2 as our targets as marked on the chart.
Most resent liquidity grab has been confirmed.After the sell off last week we will be looking for longs again.
This is exactly why you use stop losses, not all trades work.
I was wrong last week and not ashamed its just part of learning
we should all look back and re analyze our trades every weekend.
Good Luck Traders
AUDUSD ShortA simple continuation trade following the trend.
Bearish flag formed waiting for clean break targeting next support
AudUsd Trade IdeaOn October 5th I published a short set up for the pair but price never gave the retest and just kept on dumping to the downside. Higher time frames show the shift in price. We had clean bullish structure up until 69350. I personally won't be looking at the pair until we can reach 68200 on the daily to potentially get into some shorts or wait on the push back above the daily HL to continue those longs. The last thing I want is to get caught in a false shift.
AUDUSD. Weekly price action analysisOANDA:AUDUSD
On D1, there is still an ascending structure, the price moves within the ascending channel. The price is now near the bottom of the channel. Potentially good opportunity to open long trades targeting 0.6800-0.6810 and 0.6940.
On H4, a support level appeared in the zone of 0.6700-0.6715, a good zone for opening long trades when a signal appears.
Good luck everyone and stay safe!
AUD/USD – Inverse Head & Shoulders Breakout on 4H On the 4-hour chart, AUD/USD has broken through the neckline of an inverse head and shoulders pattern. The first target is the initial resistance level, with the potential to reach a second resistance.
Trading Scenarios:
1. Long: Take advantage of the breakout to target the first resistance.
2. Short: At the second resistance, consider reducing positions or opening a short if the price shows signs of reversal.
AUDUSD - Short the Rally!20SMA - Blue
200SMA - Pink
How I see it:
1) Still waiting to short.
2) Should a strong correction cause price to close the daily candle
above "SHORT" zone. We'll have to re-calibrate.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
AUD/USD POTENTIAL OUTLOOK UPCOMING WEEKSDaily bias is bullish
One of the key ICT concepts is that price moves from IRL(internal range liquidity) to ERL (external range liquidity).
The price retraced back and filled the order block (IRL) at OTE level (fib level between 0.618 to 0.786) and reacted off it strongly.
I expect price to seek liquidity above at 0.69500
Tell me what you think of this idea.
Follow for more
Read The AUDUSD MarketLet's Looking at AUDUSD Chart and Decide to What can we do with the Market in next week, Good luck With Your Trades <3
AUDUSD Long - AU closed quite well in favor of my long position that I initiated last week. I will now look to trade this intraday as and when price pulls to my key LTF areas. If I were to add to my position, I will look to do so when price pulls to previous week's VA / POC.
Rules of Motive WavesMotive Waves are the components of Elliot Wave structure. Motive Waves consists of 5 sub-waves of which 3 are impulse (In the direction of trend) and 2 corrective waves. The Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend. Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend.
🎲 Types of Motive Waves
Motive Waves are broadly classified by two types:
Impulse Waves
Diagonal Waves
Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal.
🎲 Rules of Motive Waves
🎯 Generic Rule of any motive waves are as follows
Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa)
This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low.
Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end.
Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price
Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three.
Here is the pictorial representation of the rules of the Motive Waves
For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves.
🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are:
Wave-4 never overlaps with Wave-1 price range
Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5
Pictorial representation of the impulse wave rules are as below:
🎯 Rules for the Diagonal Waves are as follows
Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range.
Wave-1, Wave-3 and Wave-5 are either in expanding formation or contracting formation. That means, we need to have either Wave-1 > Wave-3 > Wave-5 OR Wave-1 < Wave-3 < Wave-5
Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation.
Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation.
Multiple Bullish Patterns Spotted - Possible 1:6 Risk-RewardAUDUSD broke out of its bearish channel, forming three patterns:
-Inverted head and shoulders
-Double bottom
-Cup and handle
Now that price broke above and is retesting the necklines, I think this will be a high probability trade for a fantastic 1:6 risk-reward. Stop can be widened further to avoid stop hunts for a 1:3.
I will review this setup at market open.
Forex Pair :AUDUSD + 3 Step Rocket Booster StrategyThis forex pair FX_IDC:AUDUSD
has showed up
on my trading system which
am using..The name of
the trading system
is called the
rocket booster strategy
now in this video I show you
another indicator that
can be used to boost this trading strategy
This trading strategy + this indicator
will really boost your understanding
of the trading system
Called the rocket booster
strategy.
Also remember that on the 19th Of October 2024
am going to reveal the "Top 13 Iron Wathclist"
This watchlist is the one am going to be using
to determine the market cycles of 2025
save that date.
Rocket boost this content to learn more
Also remember to watch this video again.
Disclaimer: Trading is risky you will lose
money whether you like it or not
please learn risk management
and profit-taking strategies.
AUDUSD BUY!AUDUSD is currently bullish, trading above the 100 SMA, with a series of higher highs and higher lows confirming the uptrend.
HIGH PROBABILITY OF BUYING IN AUDUSD!HELLO TRADERS THIS IS MY MAIN TRADING IDEA FOR NEXT WEEK I HOPE YOU LIKE MY IDEA AND COMMENT WHAT YOU THINK
TECHNICAL ANALYSIS
CONFLUENCES FOR PURCHASE AT THE MOMENT
1.- bullish weekly time frame
2.- bearish daily time frame
3.- time frame 4 hr bullish
4.- psychological level 0.67500
why i like it?
the price has reached a weekly and daily interest area, the time frame in 4 hours has changed from bearish to bullish, we will wait for a restest of the interest area to buy as soon as our entry signal shows.
thank you read your comments.
AUDUSD - Waiting for price to reach Weekly and Daily supply zoneWaiting for price to reach Weekly and Daily supply zone
Monthly: Uptrend
Weekly: uptrend broken and consolidation.
Daily: uptrend broken and consolidation
AUDUSD LongAustralian 🦘 dollar vs US dollar i am watching it closely as in the next week i see a flying in the pair as Australian dollar is getting stronger against US dollar index
Technically i am watching that the rally upwards will complete its 68% of Fibb retracement and after this i am expecting flying in AUD
AUDUSD SELL TF H4 TP = 0.6653On the H4 chart the trend started on Oct. 1 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6653
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
