Audusd:where to find target?
Good day traders,
Last Idea for audusd did not filled because there had been strong buyers in the market.
It was clear that price removed sevral strong sell area and we had engulf for this reaction.
Now it is on it's way towards target.
If you look at this analyze you can see last daily candle from left consumed sell orders and then retraced.
There is two important area in this daily chart, one is where that i called last buyers temple where we had this and price moves up from that zone.
And then sellers used all buy orders in that station and cleared that box as well.
Now this box may be our target ,which price entered it and may move to extreme of it, where i showed in picture as temple fire door.
Here we can see sellers activity's again and this can build what i call a confirm to enter a trade.
I hope this may help new traders to get a better understandings of price action and price structure bricks.
Wish you all my best.
Have fun
Last Idea for audusd did not filled because there had been strong buyers in the market.
It was clear that price removed sevral strong sell area and we had engulf for this reaction.
Now it is on it's way towards target.
If you look at this analyze you can see last daily candle from left consumed sell orders and then retraced.
There is two important area in this daily chart, one is where that i called last buyers temple where we had this and price moves up from that zone.
And then sellers used all buy orders in that station and cleared that box as well.
Now this box may be our target ,which price entered it and may move to extreme of it, where i showed in picture as temple fire door.
Here we can see sellers activity's again and this can build what i call a confirm to enter a trade.
I hope this may help new traders to get a better understandings of price action and price structure bricks.
Wish you all my best.
Have fun
Note
This os not to sell right now nor to buy at this moment because it is too late to buy at weekend.Best option for a good trader is to wait to find sell set up from top
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.
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.