Evening Traders,
Today’s Analysis – EURAUD- impulse close above Local S/R, a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (200 MA Confluence)
- Structural S/R Resistance
- RSI Bullish Control Zone
- Increasing Volume
EURAUD’s immediate price action is impulsive above Local S/R, holding these regions allow us to have a bullish bias on the market.
The Local S/R is current support that is in confluence with the .382 Fibonacci, price action has a high probability of respecting this level.
Structural S/R is objective, clearing this level will greatly increase the probability of trend continuation.
The RSI is currently trading in its respective bullish control zone, maintaining these levels with increasing volume is indicative of market strength.
Overall, in my opinion, EURAUD 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 – EURAUD- impulse close above Local S/R, a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (200 MA Confluence)
- Structural S/R Resistance
- RSI Bullish Control Zone
- Increasing Volume
EURAUD’s immediate price action is impulsive above Local S/R, holding these regions allow us to have a bullish bias on the market.
The Local S/R is current support that is in confluence with the .382 Fibonacci, price action has a high probability of respecting this level.
Structural S/R is objective, clearing this level will greatly increase the probability of trend continuation.
The RSI is currently trading in its respective bullish control zone, maintaining these levels with increasing volume is indicative of market strength.
Overall, in my opinion, EURAUD 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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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.