Evening Traders,
Today’s analysis – AUDUSD – trading at a key support region where a bounce is possible,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci
- RSI Oversold
AUDUSD’s immediate price action is corrective and is approaching a key resistance zone that has the .618 Fibonacci and the Weekly S/R in confluence, allowing for a bullish bias.
The current RSI is in oversold conditions, this signifies over-extension where a mean reversion is likely to occur.
Overall, 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,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Today’s analysis – AUDUSD – trading at a key support region where a bounce is possible,
Points to consider,
- Price Action Corrective
- Weekly S/R Support
- .618 Fibonacci
- RSI Oversold
AUDUSD’s immediate price action is corrective and is approaching a key resistance zone that has the .618 Fibonacci and the Weekly S/R in confluence, allowing for a bullish bias.
The current RSI is in oversold conditions, this signifies over-extension where a mean reversion is likely to occur.
Overall, 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,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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— Team The Alchemist ⚔️
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
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 ⚔️
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.