AUDUSD BUY
CONFIRMATIONS
- On 8/15/22 the monetary policy comes out for the reserve bank of Australia. This matters because it influences interest rates. Im thinking interest rates will be more hawkish and affect the market bullish .
- We have a possible bullish rectangle forming which should affect the market positively.
- DXY is on a possible downtrend.
- Waiting for candlestick confirmations to form. ( Doji , Hammer , Shooting Star .)
- 50 moving average is about to be right under price, which is typically a bullish sign.
- According to where my SVP is, I am trading away from that.
- Risk/Reward 3:1
- On 8/15/22 the monetary policy comes out for the reserve bank of Australia. This matters because it influences interest rates. Im thinking interest rates will be more hawkish and affect the market bullish .
- We have a possible bullish rectangle forming which should affect the market positively.
- DXY is on a possible downtrend.
- Waiting for candlestick confirmations to form. ( Doji , Hammer , Shooting Star .)
- 50 moving average is about to be right under price, which is typically a bullish sign.
- According to where my SVP is, I am trading away from that.
- Risk/Reward 3:1
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