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Audusdweekly

AUDUSD,🟢Is it bullish in the long term? (Details on caption)🟢 Well by examining the AUDUSD weekly chart we can figure out the market structure shifted after pairing the smart money buy orders on the mean threshold of the weekly bullish order block. Then the price rose to the bearish rejection block which formed below the buyside liquidity and the price dropped to grab the liquidity below the equal lows and reached the weekly bullish order block. Now, we can expect the price to rise from here or it may move down more and have a bullish reaction to the mean threshold of the weekly bullish order block. 💡Wait for the update! 🗓️09/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
3
AUDUSD - W1 strong support approaching Analyzing the weekly chart of AUDUSD, our outlook anticipates a price decline toward the lower boundary of the channel, which also coincides with the 88.6% Fibonacci retracement level. We expect the Australian dollar (AUD) to establish strong support at the 0.62750 level. Following this expected support, our projection foresees a robust upward movement toward the 0.66700 level. Our initial stop-loss will be set at 0.61700, positioned just below the previous low recorded in October 2022. This stop-loss level is approximately 1.5% below our anticipated entry point. Importantly, this trade maintains a favorable risk-to-reward ratio of 1:4. Please remember that trading carries inherent risks, and market conditions can change swiftly. This analysis is for informational purposes only and should not be considered as financial advice. Always exercise prudent risk management and consider various factors when making trading decisions.
Long
by Coder775
1
MY OUTLOOK ON AUDUSDMY OUTLOOK ON AUDUSD WEEKLY orderflow is bearish - price has pulled back to Premium Weekly Supply Zone and I'm expecting price to take out the weekly swing low @0.61699. DAILY orderflow is bullish in respect to mitigate the Weekly refined Daily Zone. 4H is still bullish too and is yet to mitigate the 4H refined Supply Zone from the Daily, since the 4H broke structure to the upside and has mitigated the Discount Demand Zone then there is a high probability that the 4H Swing High will be taken. 15min orderflow is bullish and I'm expecting a pullback to the Discounted Demand Zone @0.67693 and a great push to the upside to mitigate the 15min refined 4H Supply Zone @0.69000 as my full profit target where my first profit target will be @0.68300 I draw inspirations from these great traders and I hope you see this projection and give your advices. Thank you Bosses. I love you all. @PhotonTradingFX @allisodiq507 @FalconTradingGuidance @WorldwideFxTrade @sabzfx @Milliondollarambitions @SHOKANE_E
by Sjcosmas
AUDUSD right on major resistance, time to sellSell below 0.7554. Stop loss at 0.7588. Take profit at 0.7490. Reason for the trading strategy (technically): Price has testing our major resistance at 0.7554 (Fibonacci extension, horizontal resistance) and we expect a strong reaction off this level for a drop to at least 0.7490 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is dropping nicely from our 93% resistance with good downside potential. Correlation analysis: Overall AUD weakness expected today with a drop on AUDUSD and AUDJPY.
Short
by MEX_Exchange
AUDUSD testing major resistance, remain bearishSell below 0.7589. Stop loss at 0.7622. Take profit at 0.7514. Reason for the trading strategy (technically): We remain bearish looking to sell below 0.7589 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to 0.7514 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 93% level where we expect a corresponding drop in price from. We can also see bearish divergence vs price signalling that a drop is impending. To read about the daily technical analysis strategies in more detail, you can check them out here : www.theforexarmy.com
Short
by theforexarmy
AUDUSD above major support, remain bullishBuy above 0.7696. Stop loss at 0.7643. Take profit at 0.7780. Reason for the trading strategy (technically): Price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits. RSI (34) is seeing ascending support holding price up really nicely.
Long
by theforexarmy