AUDUSD still downtrending
Updated
Perfect downtrend on the AUDUSD well supported by the Ichimoku lines and with the break of the previous low.
I've market two potential TP levels, one for the short term traders, one for the longer term traders at the next major Ichimoku level, the MLY KS. Of course, the latter will need to be confirmed yet with the price action in the following days.
TODAY = NFP. Mind the USD that will certainly increase the volatility on this pair.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/ INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
I've market two potential TP levels, one for the short term traders, one for the longer term traders at the next major Ichimoku level, the MLY KS. Of course, the latter will need to be confirmed yet with the price action in the following days.
TODAY = NFP. Mind the USD that will certainly increase the volatility on this pair.
Glossary :
WLY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span/Chikou Span
TL = Trend Line
TP = Take Profit
SL/ INV = Stop Loss / Invalidation level
TF = Timeframe
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Note
The WLY Chart :Note
TP 1 Reach. The pair is still downtrending.Trade closed: target reached
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