Hello Traders!
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๐ต AUD / NZD Setup / Analysis
๐ 4hr's Chart
๐ The reasoning for this setup
โโโโโโโโโโ
- ( Take Profit point's ) -
๐ต Take Profit 1 ( 1.07900 )
----
๐ต Take Profit 2 ( 1.08130 )
----
๐ต Take Profit 3 ( 1.08360 )
---
๐ต Last Take Profit 4 ( 1.08660 )
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Reasoning ๐๐๏ธ
โโโโโโโโโโ
๐ฐinner Up Trend ( visible on shorter timeframes, such as the hourly chart )
๐ฐVWAP Poc ( Traders use VWAP to confirm trends. If the current price is above the VWAP and the trend persists, it may indicate bullish sentiment. Conversely, a price below the VWAP might suggest bearish sentiment )
๐ฐVolume Range Hvn ( High Volume Node )
๐ฐFixed Range ( Some traders use fixed range bars as an alternative to time-based charts. In a fixed range bar chart, each bar represents a specified price movement rather than a fixed time period)
๐ฐChoch + BoS ( Choch - change of character / BoS - break of structure )
------
๐ต AUD / NZD Setup / Analysis
๐ 4hr's Chart
๐ The reasoning for this setup
โโโโโโโโโโ
- ( Take Profit point's ) -
๐ต Take Profit 1 ( 1.07900 )
----
๐ต Take Profit 2 ( 1.08130 )
----
๐ต Take Profit 3 ( 1.08360 )
---
๐ต Last Take Profit 4 ( 1.08660 )
---
Reasoning ๐๐๏ธ
โโโโโโโโโโ
๐ฐinner Up Trend ( visible on shorter timeframes, such as the hourly chart )
๐ฐVWAP Poc ( Traders use VWAP to confirm trends. If the current price is above the VWAP and the trend persists, it may indicate bullish sentiment. Conversely, a price below the VWAP might suggest bearish sentiment )
๐ฐVolume Range Hvn ( High Volume Node )
๐ฐFixed Range ( Some traders use fixed range bars as an alternative to time-based charts. In a fixed range bar chart, each bar represents a specified price movement rather than a fixed time period)
๐ฐChoch + BoS ( Choch - change of character / BoS - break of structure )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.