Timeframe: 1-Hour Chart
Analyzing intraday to short-term movement in AUD/USD.
Entry Zone (Supply Area):
Price entered the resistance zone near 0.64160 – 0.64200, indicating a potential short entry.
Bearish Rejection:
Strong wick rejection from resistance suggests sellers are active at that level.
Stop-Loss (Red Box Top):
Placed just above the resistance at 0.64296, guarding against false breakouts.
Target Zone (Demand Area):
Marked near 0.63560 – 0.63600, indicating a potential take profit level.
Risk-Reward Ratio:
The green (reward) area is significantly larger than the red (risk), showing a favorable risk-to-reward setup.
Trend Bias:
Overall bearish structure with lower highs and lower lows, supporting short trade bias.
Trigger Confirmation:
Price rejected resistance and started falling, indicating short trade activation.
Analyzing intraday to short-term movement in AUD/USD.
Entry Zone (Supply Area):
Price entered the resistance zone near 0.64160 – 0.64200, indicating a potential short entry.
Bearish Rejection:
Strong wick rejection from resistance suggests sellers are active at that level.
Stop-Loss (Red Box Top):
Placed just above the resistance at 0.64296, guarding against false breakouts.
Target Zone (Demand Area):
Marked near 0.63560 – 0.63600, indicating a potential take profit level.
Risk-Reward Ratio:
The green (reward) area is significantly larger than the red (risk), showing a favorable risk-to-reward setup.
Trend Bias:
Overall bearish structure with lower highs and lower lows, supporting short trade bias.
Trigger Confirmation:
Price rejected resistance and started falling, indicating short trade activation.
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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.
📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.