Evening Traders,
Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- Low Volume
- Trend
AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The current volume profile is below average, an influx is needed on the next expansion.
The trend is current up with consecutive higher low, a continuation if more likely.
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,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- Low Volume
- Trend
AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The current volume profile is below average, an influx is needed on the next expansion.
The trend is current up with consecutive higher low, a continuation if more likely.
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,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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 ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.