Evening Traders,
Today’s analysis – EURAUD- bull impulse from oversold conditions, holding Local S/R on a back test is deemed bullish.
Points to consider,
- Price Action Impulse
- Local S/R Support (.50 Fibonacci Confluence)
- Local Target Hit
- Oscillators Neutral
- Declining Volume
EURAUD’s immediate price action is reverting back to Local S/R, confirming an S/R Flip Retest allows us to have a bullish bias.
The Local S/R is in confluence with structure and the .50 Fibonacci, thus a bounce here is probable.
Both Oscillators are neutral; remaining in their bullish control zones allows us to main our bias.
The volume profile is evidently low, an influx is needed to maintain upside momentum, failure is bearish.
Local high is immediate target, taking this level out will increase the probability of a trend continuation.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Today’s analysis – EURAUD- bull impulse from oversold conditions, holding Local S/R on a back test is deemed bullish.
Points to consider,
- Price Action Impulse
- Local S/R Support (.50 Fibonacci Confluence)
- Local Target Hit
- Oscillators Neutral
- Declining Volume
EURAUD’s immediate price action is reverting back to Local S/R, confirming an S/R Flip Retest allows us to have a bullish bias.
The Local S/R is in confluence with structure and the .50 Fibonacci, thus a bounce here is probable.
Both Oscillators are neutral; remaining in their bullish control zones allows us to main our bias.
The volume profile is evidently low, an influx is needed to maintain upside momentum, failure is bearish.
Local high is immediate target, taking this level out will increase the probability of a trend continuation.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
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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.