Evening Traders,
Today’s analysis – AUDUSD- respecting Daily S/R with an influx, currently trading towards a bearish retest,
Points to consider,
- Price Action Impulse
- Daily S/R Support
- Local S/R Resistance (.618 Fibonacci)
- Oscillators Neutral
- Volume Influx
AUDNZD’s immediate price action is impulsive; confirming a bearish retest of Local S/R allows us to have a bearish bias on the market.
The Daily S/R has been respected, a back test of the level must be held on continued downwards probable.
Local S/R is in confluence with the .618 Fibonacci, thus a rejection on first attempt is probable.
Both oscillators are neutral, extending into overbought conditions increases the probability of a reversion.
Currently there is a valid volume climax, indicating a temporary bottom in place as price action finds its equilibrium.
Overall, in my opinion, AUDNZD is a valid short 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,
A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
Today’s analysis – AUDUSD- respecting Daily S/R with an influx, currently trading towards a bearish retest,
Points to consider,
- Price Action Impulse
- Daily S/R Support
- Local S/R Resistance (.618 Fibonacci)
- Oscillators Neutral
- Volume Influx
AUDNZD’s immediate price action is impulsive; confirming a bearish retest of Local S/R allows us to have a bearish bias on the market.
The Daily S/R has been respected, a back test of the level must be held on continued downwards probable.
Local S/R is in confluence with the .618 Fibonacci, thus a rejection on first attempt is probable.
Both oscillators are neutral, extending into overbought conditions increases the probability of a reversion.
Currently there is a valid volume climax, indicating a temporary bottom in place as price action finds its equilibrium.
Overall, in my opinion, AUDNZD is a valid short 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,
A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
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Claim $1000 Deposit Bonus 🎁
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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 ⚔️
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。