AUDUSD H&S.Long-term probability H&S pattern on AUDUSD, one for the swing traders, psychology tester.Shortby Antonio_SpiceAllMoneyIn111
AudusdI hit sl cause I entered too early but we were on a good profit but didn't close so we hv 7 trade 1 sl for last week and this week though de week is not over I entered more buy too on xauusd Longby Greatvic001331
AUDUSD : Short Trade , 4hHello traders, we want to check the AUDUSD chart. The price has broken the ascending channel to the bottom and the price trend is now bearish. The price has pulled back to the specified support level and we expect this level to maintain the downward trend and the price will fall to around 0.65600. Good luck.Shortby mrAT_Trader221
AUDUSD H1 Eyes on audusd looking at a short timeframe 1 hour having a potential continuation of the downtrend however, expecting a breakout to fill in bullsby Sibonginkosi_Sithole-Job3110
AUDUSD Short ideaA new channel is formed, lack of momentum to the upside. Fundamentals show a movement towards downside. Good luck!Shortby Sarka1225
Double Tap and AWAY!! - AUHere I have AUD/USD on the 1 Hr Chart! Clear as day we can see 2 distinct Lows followed by a Pullback to .6653 Outlining what looks to be a Potential Double Bottom Pattern, I suspect we can see this pair move HIGHER!! Adding Confluence to this idea is the fact we are getting a Strong RSI Divergence on these Lows showing Price is looking to head UP! *Confirmation of Pattern comes when price BREAKS and CLOSES ABOVE CONFIRMATION!! -Next we will look for a Retest of that Break for possible BUY OPPORTUNITIES!! *Potential Target Profit being the Overhead Resistance Zone!Longby Novi_FibonacciUpdated 115
AUDUSD Will Go Lower! Short! Take a look at our analysis for AUDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.662. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.659 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 225
trade in lower timeframe structure ⚠️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. Most likely, the buyers' strength will not be enough to pass the resistance. If you are a day trading you can use my H4 Idea for market direction in 15 minutes trend. by fatttane113
AUD/USD:Traders Eye Australian Retail Sales and CPI DataThe AUD/USD pair saw upward movement on Monday, benefiting from the subdued activity in the US markets due to the Memorial Day holiday, which left the Greenback weaker. This rise extends Friday’s recovery into a second consecutive day, providing some momentum for the Aussie dollar. Economic Indicators to Watch Australian Retail Sales and CPI Data: Tuesday: Traders are eyeing the Australian Retail Sales data for April, expected to show a modest recovery with a 0.2% increase following a 0.4% decline in the previous month. Wednesday: The focus will shift to Australia's Monthly Consumer Price Index (CPI) for April, anticipated to grow at 3.4% year-over-year, slightly down from March's annualized 3.5%. US PCE Inflation Data: Later in the week, the US Personal Consumption Expenditure (PCE) inflation data will be closely watched, as it could provide further direction for the USD and consequently impact the AUD/USD pair. Technical Analysis From a technical standpoint, AUD/USD is approaching a critical resistance area: The price is nearing the 61.8% retracement level from the recent daily swing high. Additionally, it is within the 61.8% to 78.6% Fibonacci retracement zone from a more localized swing. This convergence area is a potential point of resistance, where sellers might step in, looking for a bearish retracement. The market inefficiency noted earlier still remains unclosed, suggesting a potential downward correction. Trading Outlook Given the current economic outlook and technical indicators, we anticipate a bearish retracement in the AUD/USD pair: Bearish Setup: The 61.8% to 78.6% Fibonacci retracement zone could serve as an ideal entry point for sellers. Target: The objective would be to capitalize on the market's inefficiencies and the expected retracement back towards lower levels. In summary, while the AUD/USD pair has found some upward momentum, economic data releases and technical resistance levels suggest that a bearish retracement may be on the horizon. Traders should watch for key data points and technical signals to confirm this potential move.Shortby FOREXN1Updated 1113
Could AUD/USD drop from here?Price is rising towards the pivot and could potentially drop to the 1st support which has been identified as a pullback. Pivot: 0.6654 1st Support: 0.6593 1st Resistance: 0.6712 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets10
Bullish market during the weakness of the US dollarDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Downside scenario if DXY becomes stronger Longby mehdi47abbasi798
AUDUSD SELL IDEA Breaker block entry AUDUSD broke out of the 4hr trend line we got a retest and now expecting more downwards movement Shortby Ricothetrader_8
Heading into 50% Fibonacci resistance?AUD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6649 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 0.6685 Why we like it: There is a pullback resistance level, Take profit: 0.6593 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets6
AUDUSD 1D BEARISH PENNANT A BEARISH PENNANT has formed at the top of the AUDUSD bearish line. The BEARISH PENNANT made a lower high when it tested its upper ceiling 3 times. Opened short and target is 0.55141Shortby jonintaij6
AUD-USD Local Short! Sell! Hello,Traders! AUD-USD went up to Retest the horizontal Resistance level of 0.6649 From where we will be Expecting a local Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals116
AU SHORT IDEA Based on price action, i will open a short position in AU. Using Fibo tool with confluence of a order block, in a supply area. Shortby brunokinzel5
Time to short AUDUSDAUDUSD chart is printing bearish trend with bearish divergence and the 3 dark crows EP: 0.66484 SL: 0.66805 TP1: 0.65914 TP2: 0.65344Shortby abdulmoeedsiddiqui5
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3). We expect a rally from this zone following the shallow wave (2) correction. The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario. Alternative Scenario: The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.Longby Samuel124Updated 5
The AUD is rising due to improved demand conditions in ChinaLooking at the trend in the four-hour time frame, it seems that AUD/USD is crossing the medium-term descending channel ceiling resistance and reaching the ascending channel ceiling resistance at $0.6747.Longby arongroups5
AUDUSD ShortAUDUSD Sell Bias HTF chart is down after liquidity was taken and the test of the HTF supply zone. On M15 chart market shift to down side was created. Lastly on M5 chart FVG/IMB was also created. Waiting for inducement/liquidity sweep above the last swing point for proper risk Management.Shortby Murthehelp_fx4
AUDUSD broken the Consolidation for short. Wait for confirmation1. AUDUSD broken below the consolidation. 2.If both the support and 200 EMA crossed over then we can take an Entry from the retest.Shortby Sha_The_IconUpdated 6
AUDUSD BEARISH BREAKOUT ON TREND LINEAUDUSD has confirmed a breakout of the trend line. Following the breakout, we observed a bullish reversal back towards the key zone. However, we anticipate further downside momentum, with the reversal identified at the key zone. The next target is expected to be near the highlighted bottom support level.Shortby traderchamp_5
Prices, pulling up to order pool create short opportunityPrices have been slowly creeping up all morning and have popped up to an order pool based on news. This is set up a nice short opportunity with a profit target of a lower order pool. Shortby waveriderbill4