Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUD setting up for LONG mid-term next couple of day.
Australian Dollar / U.S. Dollar
Long
AUD setting up for LONG mid-term next couple of day.
By Amir_S_G
Follow
Follow
Nov 23, 2023
2
2
2
Nov 23, 2023
AUD setting up for a mid-term LONG.
1. DXY is melting as stocks climb.
2. AUD has a seasonal and COT Bullish pattern which is aligned with Risk-Off wave.
3. Price action has been bullish, but displacement is yet to happen.
4. Technicals indicate that it can dip to current week open to do a stop hunt of price action, and then run to highs.
5. Bullish Orderblock is expected to play out.
Beyond Technical Analysis
Amir_S_G
Follow
ASG
Humility & Discipline.
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
.