Evening Traders,
Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- Low Volume
- Trend
AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The current volume profile is below average, an influx is needed on the next expansion.
The trend is current up with consecutive higher low, a continuation if more likely.
Overall, in my opinion, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- Low Volume
- Trend
AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The current volume profile is below average, an influx is needed on the next expansion.
The trend is current up with consecutive higher low, a continuation if more likely.
Overall, in my opinion, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.