top of page
Search

AUD/USD: Hawkeye WideBar Creates Respected Supply Zone

Speciale Analysis

Hey Trader,


A Message of Strength for Your Trading Journey


I hope this message finds you well. As we navigate the ups and downs of the market, it's crucial to remember that we are not alone in our endeavors.


"So do not fear, for I am with you; do not be dismayed, for I am your God. I will strengthen you and help you; I will uphold you with my righteous right hand." - Isaiah 41:10


This verse serves as a powerful reminder that no matter the challenges we face in our trading journey, we have a source of unwavering strength and support.


Let this assurance empower you to face the market with confidence and resilience.


Keep faith in your abilities, trust your strategies, and remember that you are supported every step of the way.


Be Relentless In Pursuit Of The Will 

Which God Has Set Upon Your Heart,

Anthony Speciale



AUD/USD: Hawkeye WideBar Creates Respected Supply Zone


Hello, fellow traders! Anthony Speciale here with Hawkeye Traders.


Today, I want to dive into an insightful analysis of the Australian Dollar/US Dollar (AUD/USD) currency pair, showcasing how the Wide Bar indicator sets the stage for identifying supply and resistance areas.


This analysis isn't just theoretical—it's a practical demonstration of how you can apply these principles to your trading strategy for improved outcomes.


The Importance of the Wide Bar and High Volume


Let's start by zooming in on a crucial aspect of this trading session.


I've marked off two specific candles on my chart, focusing on their wicks and the accompanying ultra-high buying volume. Here's why these elements are critical:


  1. Wide Bar with High Selling Volume: One particular candle stands out due to its significant selling volume, indicated by a red volume radar dot and an extensive wick. This wide bar signals potential resistance or supply for the rest of the session.

  2. Supply Area: The wick of this wide bar establishes a supply zone, causing price action to struggle within this area and eventually push to the downside.


By closely monitoring these high-volume areas, you can anticipate market movements more accurately. In this case, after testing these levels, the price broke through the previous lows, leading to a substantial selloff.



Utilizing Trend Lines and Volume Indicators


To pinpoint where the price might break down, I often use trend lines alongside volume indicators. For instance:


  • Connecting Lows: By drawing a trend line connecting key lows, you can better predict where the price might face resistance or support.

  • Break and Retest: Although in this scenario, we didn't get a retest after breaking the trend line, the setup still indicated a strong bearish trend.



The Hawkeye system simplifies this by providing clear signals—like ultra-high selling volume and wide bars—that prompt you to pay attention to specific price actions.


chart analysis

The Power of Volume and Price Action


My years of trading have taught me one vital lesson: volume and price action are the most reliable indicators of market behavior. Here's why:


  • Consistency Across Markets: Regardless of whether you're trading stocks, futures, forex, cryptocurrencies, or options, volume and price action remain relevant.

  • Adaptability: These principles apply to various trading platforms, including Ninja Trader, Trade Station, TradingView, and MetaTrader.


By focusing on these elements, you build a robust trading plan that adapts to different market conditions. This approach has provided me with consistent results over time, and I believe it can do the same for you.



Recommendations for Traders


If you're not currently employing volume and price action as your primary trading tools, I strongly encourage you to start. Here are some steps to get you on the right track:


  1. Get the Right Tools: Invest in Hawkeye indicators if you haven't already. These tools are designed to help you interpret volume and price action effectively.

  2. Education: Take advantage of the Hawkeye Mastery videos. These resources are invaluable for deepening your understanding of market dynamics.

  3. Practical Application: Whether you're day trading, swing trading, or position trading, apply these concepts consistently to see better results.



It took me over a decade to refine my approach, and now I'm sharing these insights with you. Embrace these principles, integrate them into your trading plan, and watch your trading performance improve.


Thank you for taking the time to read this post. I appreciate your dedication to becoming a better trader. Click Here to master Volume with Hawkeye Tools NOW


God bless, and I look forward to sharing more insights with you in future posts.



Happy Trading,

Speciale Analysis

 
 
 

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.

Copyright © All Rights Reserved

​

The Speciale Foundation Corp.     -     ASJR Enterprises, LLC     -     Speciale Analysis     -     Speciale Venture Capital LLC     -     A&T Auto Repair, Inc.

​

By engaging in this site, emails, videos, social, purchasing or subscribing to products or services you are acknowledging complete disclaimer!

Complete Legal Disclaimer, Terms Of Use, Conditions and Privacy Policy Can Be See @ www.anthonyspeciale.com/disclaimer

​

By submitting this form or any form and/or contacting us in any manner, you Agree with and Understand all Disclaimers within complete site:

 

U.S. Government Required Disclaimer Stock, Futures, Forex & Options trading has large potential rewards, but also large potential risk and it is not appropriate for everyone. You must be aware of the risks and be willing to accept them in order to speculate in the Stocks, Futures, Forex, and Options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell any securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

 

CFTC RULE 4.41 Hypothetical or simulated performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

​

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

​

Cryptocurrency Trading Cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before getting involved in Cryptocurrency trading you should carefully consider your personal venture objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial deposit and therefore you should not place funds that you cannot afford to lose. You should be aware of all the risks associated with Cryptocurrency trading, and seek advice from an independent financial advisor if you have any doubts. The information contained on this web page does not constitute financial advice or a solicitation to buy or sell any Cryptocurrency contract or securities of any type. Dyno Trading will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

​

You should fully understand the risks associated with trading futures, options, ETF’s and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, ETF’s and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.  NO FINANCIAL, INVESTING OR TRADING ADVICE OFFERED.

​

Hypothetical Results Hypothetical or simulated performance results have certain inherent limitations - unless noted otherwise that an image or any material discloses live money was used, results displayed or openly discussed are to be assumed simulated for educational purposes only. No live money brokerage accounts will be traded or displayed by request or otherwise.  Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

​

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

​

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. NO IMPLICATION IS BEING MADE THAT ANYONE UTILIZING ANY OF THE SERVICES OF DYNO TRADING HAS OR CAN OBTAIN SUCH PROFITS AND RESULTS. THIS INFORMATION IS NOT A RECOMMENDATION TO BUY OR SELL AT THIS TIME, BUT MERELY A PRESENTATION OF TRADING STRATEGIES. THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT IS NOT GUARANTEED AS TO THE ACCURACY OR COMPLETENESS. WE ARE SOFTWARE MARKETERS AND EDUCATORS ONLY. UNDERSTAND THAT TRADING OF ANY KIND IF RISKY AND YOU NEED TO CHECK WITH YOUR FINANCIAL ADVISOR TO DETERMINE IF TRADING IS FOR YOU.

​

UNDER NO CIRCUMSTANCES WILL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES WITH RESPECT TO THE SUBJECT MATTER OF THE AGREEMENT, LOSS OF DATA OR LOST PROFITS, REGARDLESS OF WHETHER OR NOT SUCH DAMAGES COULD HAVE BEEN FORESEEN OR PREVENTED.

​

Educational Purposes. All software materials and presentation materials are for educational purposes only. The information contained on this website or in any product or service that Speciale Analysis provides does not constitute financial advice or a solicitation to buy or sell any securities of any type. Speciale Analysis will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All Product Demos are distributed to potential customers via Video Screencast demonstrating the Software features.

​

You should fully understand the risks associated with trading futures, options, ETF’s and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, ETF’s and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.  NO FINANCIAL, INVESTING OR TRADING ADVICE OFFERED.

​

Copyright Notice: Images Unless Noted Otherwise Have Been Sourced From GOOGLE IMAGES, FOREX FACTORY, TRADING VIEW, OIL PRICE or have received written or verbal consent for use - this applies to all pages of this website, emails, marketing materials and/or social media posts.  

​

By submitting your information you are opting in to receive email promotions and text messages from us and you agree and acknowledge that you have read and agree to the terms of using this website, receipt of email offers, registration reminders and other communications mentioned here

​

​Clients are required to self-manage their reoccurring PayPal subscriptions - Speciale Analysis will not be held liable for any aspects of this task.

ALL SALES ARE FINAL - NO REFUNDS - NO PRORATES - NO EXCHANGES - NO CREDITS - NO EXCEPTIONS - NO EXCUSES - NO GUARANTEES - ENGAGE AT YOUR OWN RISK

bottom of page