AUDUSD Buy on Weekly chart
Updated
Structure BBMA quite obvious on weekly chart
Weekly dah hit MALO
So SL placed below MALO and midBB on weekly chart
For this coming a few weeks I would expect the trend would go up to topBB
Whatever it is take care of MM
Trade at your own risk. This just for my personal analysis.
Weekly dah hit MALO
So SL placed below MALO and midBB on weekly chart
For this coming a few weeks I would expect the trend would go up to topBB
Whatever it is take care of MM
Trade at your own risk. This just for my personal analysis.
Trade active
Daily CS on Friday closed slightly above MAHI5 which made the CS as CSA.However I could see H4 CS closed as CSAK on Friday and currently still not hitting the fibo161 yet.
There's a possibility H4 CS will hit fibo161 and yet trend still go back down to follow Monthly trend.
But IF Daily CS closed as CSAK on Monday, high possibility we would see the trend to go upward next week.
Otherwise the fight would be between weekly trend and monthly trend.
Meaning that this would be a long battle until we see Daily CS closed as CSAK (CS closed above MA High (MAHI) and midBB).
Note
Monday Daily CS closed as CSAK (above mid BB + MAHI)And yesterday Daily CS also closed as CSAK
It's a good sign
Now we wait and see
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