I've created a technical analysis chart for the AUD/USD currency pair on TradingView. Here are the specific actions I've taken on the chart:
1. **Highlighted Previous Week's Highs and Lows:**
- I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
2. **Key Psychological Numbers:**
- I've highlighted key psychological price levels in grey boxes. These levels are often round numbers that traders commonly watch and can act as support or resistance points due to their psychological significance to market participants.
3. **Weekly Low Analysis:**
- Our weekly low is outside our psychological zone. However, if we have any highs or lows, or session confirmation within 30 pips from our psychological zone, they are still valid. This indicates that we can still potentially see a reversal in such scenarios.
Overall, my chart reflects a detailed analysis of recent price action with a focus on significant highs and lows, key session highs, and critical price levels that may influence future trading decisions.
1. **Highlighted Previous Week's Highs and Lows:**
- I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
2. **Key Psychological Numbers:**
- I've highlighted key psychological price levels in grey boxes. These levels are often round numbers that traders commonly watch and can act as support or resistance points due to their psychological significance to market participants.
3. **Weekly Low Analysis:**
- Our weekly low is outside our psychological zone. However, if we have any highs or lows, or session confirmation within 30 pips from our psychological zone, they are still valid. This indicates that we can still potentially see a reversal in such scenarios.
Overall, my chart reflects a detailed analysis of recent price action with a focus on significant highs and lows, key session highs, and critical price levels that may influence future trading decisions.
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.