I'm placing a sell limit order on AUD/USD at a key resistance level, with a take profit set at the bottom of the current daily range. This is a swing trade based on both technical structure and fundamental reasoning.
Technically, price has been moving in a consolidation range on the daily chart, trading between the EMA 100 and EMA 200, which often signals indecision and potential reversal zones. The resistance I'm targeting has acted as a ceiling within this range.
From a fundamental perspective, the USD has been under prolonged pressure due to political uncertainty and weakening investor confidence in the U.S. economy. However, this bearish momentum may be overextended — the DXY (Dollar Index) is currently testing the 99.600 level, a significant historical support. A potential bounce from this zone could bring USD strength back into the picture, increasing the probability of a reversal in AUD/USD.
This trade idea aligns a technical resistance rejection with a possible USD recovery, making it a high-probability short setup in the current market context
Technically, price has been moving in a consolidation range on the daily chart, trading between the EMA 100 and EMA 200, which often signals indecision and potential reversal zones. The resistance I'm targeting has acted as a ceiling within this range.
From a fundamental perspective, the USD has been under prolonged pressure due to political uncertainty and weakening investor confidence in the U.S. economy. However, this bearish momentum may be overextended — the DXY (Dollar Index) is currently testing the 99.600 level, a significant historical support. A potential bounce from this zone could bring USD strength back into the picture, increasing the probability of a reversal in AUD/USD.
This trade idea aligns a technical resistance rejection with a possible USD recovery, making it a high-probability short setup in the current market context
註釋
Trade is on, let me know in comments if you want to know how I manage it. See you guys!交易進行
Trade Update:I'm moving my stop loss to break even as the trade has reached a 1:1 risk-reward ratio. With today's upcoming U.S. economic data releases — including unemployment claims and other potentially market-moving news — I prefer to lock in risk-free exposure and let the trade play out safely.
Let’s see how the market reacts. Staying cautious but optimistic. 🔒📈
交易結束：達到停損點
The trade ended as a breakeven, so there was no loss. Looking forward to seeing you on the next trade!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。