AUDUSD 3.12.21| Backtest + Chart Markup
Based on market structure, we can see that buyers are now in control. Over the last week, price has been in a bullish market, however the last couple days, price seemed to break my major trendline; heading to the downside. I placed a descending channel, trapping price - and price still has been respecting my zones. Managing to catch the trend up and the trend down.
Next Week's Outlook: Using the fib levels, price is currently riding the .382 on the 15min. // Signaling possible buy
Confluences: Market Structure, Trendlines, Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
Next Week's Outlook: Using the fib levels, price is currently riding the .382 on the 15min. // Signaling possible buy
Confluences: Market Structure, Trendlines, Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
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.