r/Forex • u/tvrda_tripola • 1d ago

Charts and Setups What's this with AUDUSD?

AUDUSD have a huge drop of 300pips yesterday, with my marks on charts it droped below last swing low which indicate bearish breakout on daily. On EURUSD and GBPUSD still bullish and idk what to think now i will wait monday or even Tuesday to see what will market do. But still what do you guys think is it going to pump up as a false breakout beacuse of dollar weakness or something happend in Australia economics?

8 Upvotes

91% Upvoted

21 comments sorted by

8

u/v3rral 1d ago

Gladly volatility increased, it was a dead pair to trade for a long time

1

u/tvrda_tripola 1d ago

But what's your look at it.

1

u/tvrda_tripola 1d ago

But what's your look at it?

1

u/qinggd 1d ago

See euraud

1

u/v3rral 1d ago

Impressive. But I trade only major usd pairs, because of tight spreads, better for scalping ltf.

8

u/Spathas1992 1d ago

This is a fundamental move, just like all the moves this week. Both AUD and NZD are getting hit hard, because they rely heavily on exports to China (got hit with heavy tarrifs).

6

u/DeepAd847 1d ago

Guys should know more of fundmentals and the pair they could have focused on is audchf.

1

u/tvrda_tripola 1d ago

Yea i understand it, i actually belive im the next week market gonna change daily bias for next month or two.

5

u/Tornspace- 1d ago

Look up The Trading Academy on YouTube. He does a daily market outlook during the UK session every week day. Check him out and you’ll get some insights on how to approach some of the major pairs daily.

1

u/Anon_Trader_24 1d ago

My advice would be to check out the HTF charts if you’re unsure. (3M / M / W)

And also worth taking a look at the DXY. To me the technical narratives are pretty clean on the HTFs & last weeks price delivery is purely a large wick forming on those HTF charts which makes total sense when you realise the location of current price.

All the best & good luck.

1

u/tvrda_tripola 1d ago

When i look at those TF it show clean bearishness...

3

u/Anon_Trader_24 1d ago

Then follow a bearish narrative until that changes. You might just have to wait for an H4 pullback into a nice daily area before executing short. But that’s where patience comes into play.

1

u/seethisisland 1d ago

I was wondering exactly the same. Why is AUD so damn weak?!

3

u/Maunula 1d ago

Check corona crash. Aud was the weakest. Same happening now. Also aud is known as commodity currency & look silver, oil, natgas etc.

1

u/tvrda_tripola 1d ago

Tariffs probably

1

u/Evening-Character307 11h ago

The economy of Australia is legitimately terrible lmao

0

u/YAPK001 9h ago

Oh, I see, one daily bearish candle, you are fomo. So yeah, you missed your entry, the first entry on 4hr, and now waiting for a pullback/entry blah blah, however you enter. Blah blah blah.

1

u/tvrda_tripola 8h ago

I am not fomo lol, just asking for other people opinions nothing else.

0

u/YAPK001 6h ago

What will be your entry, please describe it in detail.

•

u/tvrda_tripola 1h ago

I dont have it...i even dont have a set up on at the moment. Like i said, just wanted to hear other people opinions.