AUDUSD Bullish Momentum > BUY!
Updated
Welcome back, Traders and Investors, to a new idea I'll be sharing with you today on how I anticipate the price of this asset to perform in these next few days due to research and preparation. I hope you guys find value and direction from this viewpoint, and if you agree with this idea > hit the boost button and follow me for more. Peace and Love
Firstly, the process of this Buy opportunity began with the finding of this first Bullish Candle from this week possessing the three specific principles that have proven to be profitable and effective within itself to potentially play a role towards influencing the price of this currency pair to rise 140 pips above the top bullish candle as well as protecting the price from hitting a 7.5 pip stop loss below the top bullish candle based off my previous data and intentional backtesting. I missed the entry point of this Bullish Candle, which happens.
(These are the four specific principles below 👇🏾)
1st principle = This Bullish Candle with the (Blue Ema) are both above the (Red Ma)
2nd principle = This Bullish Candle currently has a flat bottom
3rd principle = This entire Bullish Candle is fully above the Ichimoku Cloud
4th and final principle = The previous wick of this Bullish Candle is 77 pips below the top bullish candle, which is greater than the last bullish previous wick (45), by 32 = immediately making it a greater previous wick, knowing that the greater the previous wick =, the more effective, powerful and profitable this Bullish Candle has the potential to become within itself and when combined with the right support level
Secondly, I found a new support level that I have combined with this Bullish Candle since it contains the right details below.
1st = The price of AUDUSD has officially reached a new low of 0.643843pts at the 12th hour of the chart time Today, where I began measuring the bottom to the top of this support level.
2nd = The gap between the bottom of this support level and the top of this support level is 14.1 pips from each other, which aligns with the previous support level from the beginning of this month.
3rd = This support level has accumulated a total of 9 bearish candle wicks touching it at the time of my study, which I believe has timely gained the Power within its combination to potentially influence the price of this currency pair to rise 107.9 pips above the 9th bearish candlewick before the market closes as well as protect the price from hitting a 7.0 pip stop loss below the 9th bearish candlewick, this is the current prediction of mine that I stand firm with.
(MY BUY POSITION OFF THIS SUPPORT LEVEL revealed) - 11/14/2023
MY ENTRY PRICE was $ 0.64919
The price of my take profit is set at 0.65937pts (102 pips)
The price of my stop loss is set at 0.64740pts (17.9 pips)
My strict risk management rules are in place within this position (2-3% risk per trade)
- Always apply proper risk management to your trading plan/strategy> MAINTAIN + GROW YOUR ACCOUNT is key
(Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us and lead us not into temptation but deliver us from evil AMEN.
Firstly, the process of this Buy opportunity began with the finding of this first Bullish Candle from this week possessing the three specific principles that have proven to be profitable and effective within itself to potentially play a role towards influencing the price of this currency pair to rise 140 pips above the top bullish candle as well as protecting the price from hitting a 7.5 pip stop loss below the top bullish candle based off my previous data and intentional backtesting. I missed the entry point of this Bullish Candle, which happens.
(These are the four specific principles below 👇🏾)
1st principle = This Bullish Candle with the (Blue Ema) are both above the (Red Ma)
2nd principle = This Bullish Candle currently has a flat bottom
3rd principle = This entire Bullish Candle is fully above the Ichimoku Cloud
4th and final principle = The previous wick of this Bullish Candle is 77 pips below the top bullish candle, which is greater than the last bullish previous wick (45), by 32 = immediately making it a greater previous wick, knowing that the greater the previous wick =, the more effective, powerful and profitable this Bullish Candle has the potential to become within itself and when combined with the right support level
Secondly, I found a new support level that I have combined with this Bullish Candle since it contains the right details below.
1st = The price of AUDUSD has officially reached a new low of 0.643843pts at the 12th hour of the chart time Today, where I began measuring the bottom to the top of this support level.
2nd = The gap between the bottom of this support level and the top of this support level is 14.1 pips from each other, which aligns with the previous support level from the beginning of this month.
3rd = This support level has accumulated a total of 9 bearish candle wicks touching it at the time of my study, which I believe has timely gained the Power within its combination to potentially influence the price of this currency pair to rise 107.9 pips above the 9th bearish candlewick before the market closes as well as protect the price from hitting a 7.0 pip stop loss below the 9th bearish candlewick, this is the current prediction of mine that I stand firm with.
(MY BUY POSITION OFF THIS SUPPORT LEVEL revealed) - 11/14/2023
MY ENTRY PRICE was $ 0.64919
The price of my take profit is set at 0.65937pts (102 pips)
The price of my stop loss is set at 0.64740pts (17.9 pips)
My strict risk management rules are in place within this position (2-3% risk per trade)
- Always apply proper risk management to your trading plan/strategy> MAINTAIN + GROW YOUR ACCOUNT is key
(Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us and lead us not into temptation but deliver us from evil AMEN.
Note
My previous Buy Position on this idea has been changed My TP is now set at $0.66068
My SL is now set at $0.64380
- New week let's get to it 🤑
Trade closed: target reached
1 - 0 this week
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