AUDUSD - Buy (15/4/21)
Updated
Month - Uptrend , lots of room to push up towards
4H - There is a possibility that it can retrace deeper as it has reach the resistance area. Before pushing upwards again. This will be my ideal scenario.
1H - 1hr candle structure and how the candles broke, AU tends to give no fuck and continue trending. If price retraces to minor support area i might be keen for a buy however it has to meet my entry criteria with more than 3 confluence before taking this trade. Half position only if i decided to enter.
Not trading today, will just be monitoring.
4H - There is a possibility that it can retrace deeper as it has reach the resistance area. Before pushing upwards again. This will be my ideal scenario.
1H - 1hr candle structure and how the candles broke, AU tends to give no fuck and continue trending. If price retraces to minor support area i might be keen for a buy however it has to meet my entry criteria with more than 3 confluence before taking this trade. Half position only if i decided to enter.
Not trading today, will just be monitoring.
Note
1 Month Note
4H
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.