Analysis of AUDUSD 1-Hour Chart with 4-Step Trading System Guide
Step 1: Trend - Capturing Market Pulse
From the chart, it can be observed that after a significant drop, the price has been consolidating within an ascending channel pattern.
Step 2: Position - Determining Trading Zone
The red area above indicates a reasonable short zone. Special attention is needed when the price approaches this zone.
Step 3: Behavior - Interpreting Price Action
When the price enters the marked sell zone, it is crucial to observe its behavior within this area. If the price shows clear reversal signals, such as long lower wicks or significant moves in candlesticks, it indicates a strong reversal sentiment in this zone.
Step 4: Exit - Maximizing Profit
When the price touches the support/resistance area and shows signs of a pullback, consider taking profit. It is essential to adjust the trading strategy flexibly according to market changes to maximize profits while controlling risk.
📝 By following these steps, we can clearly grasp market dynamics, determine trading opportunities, interpret price behavior, and maximize profits within the trend. Specific operational strategies will be provided in our VIP section.
From the chart, it can be observed that after a significant drop, the price has been consolidating within an ascending channel pattern.
Step 2: Position - Determining Trading Zone
The red area above indicates a reasonable short zone. Special attention is needed when the price approaches this zone.
Step 3: Behavior - Interpreting Price Action
When the price enters the marked sell zone, it is crucial to observe its behavior within this area. If the price shows clear reversal signals, such as long lower wicks or significant moves in candlesticks, it indicates a strong reversal sentiment in this zone.
Step 4: Exit - Maximizing Profit
When the price touches the support/resistance area and shows signs of a pullback, consider taking profit. It is essential to adjust the trading strategy flexibly according to market changes to maximize profits while controlling risk.
📝 By following these steps, we can clearly grasp market dynamics, determine trading opportunities, interpret price behavior, and maximize profits within the trend. Specific operational strategies will be provided in our VIP section.
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.