AUDUSD, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
We can clearly see that price is rejecting the previous broken structure that was resistance
and now it is acting as support for more upside momentum.
Weekly:
Price has already completed the bearish W to the lows and now it is rejecting to the upside.
Daily:
Price formed a reversal pattern which can let us capitalize in a counter trend movment to
the upside.
We are expecting for price to reach the white box and then we have to wait to see what
the price wants to make.
4H:
Price already invalidated the bearish structure and it could possibly continue to the upside.
As this is a counter trend move any trade we take should be with a 0.5% of risk.
We can clearly see that price is rejecting the previous broken structure that was resistance
and now it is acting as support for more upside momentum.
Weekly:
Price has already completed the bearish W to the lows and now it is rejecting to the upside.
Daily:
Price formed a reversal pattern which can let us capitalize in a counter trend movment to
the upside.
We are expecting for price to reach the white box and then we have to wait to see what
the price wants to make.
4H:
Price already invalidated the bearish structure and it could possibly continue to the upside.
As this is a counter trend move any trade we take should be with a 0.5% of risk.
Trade active
Monthly: Weekly:
Daily:
4H:
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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.