Evening Traders,
Today’s analysis – AUDUSD- trading above its weekly S/R where a back test is deemed possible,
Points to consider,
- Price action impulsive
- Weekly S/R Support
(.382 Fibonacci Confluence)
- Swing high objective
- Oscillators extended
AUDUSD’s immediate price action is impulsive above Weekly S/R, price action respecting and holding this .382 Fibonacci is deemed bullish.
The swing high is current objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are extended, trading in their overbought conditions, a reversion to their means is highly probable, allowing for a pull back.
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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s analysis – AUDUSD- trading above its weekly S/R where a back test is deemed possible,
Points to consider,
- Price action impulsive
- Weekly S/R Support
(.382 Fibonacci Confluence)
- Swing high objective
- Oscillators extended
AUDUSD’s immediate price action is impulsive above Weekly S/R, price action respecting and holding this .382 Fibonacci is deemed bullish.
The swing high is current objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are extended, trading in their overbought conditions, a reversion to their means is highly probable, allowing for a pull back.
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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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— Team The Alchemist ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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 ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.