H4 time frame.
Structure: The downtrend has been broken.
Key level at 0.73200 was broken.
Wait for the price retracement to confirm the uptrend on the 4-hour timeframe and then look for a buying opportunity with AUDUSD.
The confluence between the 50-61 Fibonacci level and the 0.72400 and 0.72200 support levels is a potential price correction zone.
The profit target is 0.74800 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
Structure: The downtrend has been broken.
Key level at 0.73200 was broken.
Wait for the price retracement to confirm the uptrend on the 4-hour timeframe and then look for a buying opportunity with AUDUSD.
The confluence between the 50-61 Fibonacci level and the 0.72400 and 0.72200 support levels is a potential price correction zone.
The profit target is 0.74800 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.