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Currency-trading

AUDUSD POTENTIAL BUY OPPORTUNITY (1D CHART) AUDUSD POTENTIAL BUY OK so I know it has been a little longer since I have posted on here but this is going to be my first post since coming back. My thing is I understand that there is opportunity happening every week and heck even every day sometimes. But since I have people seeing my work I want to only be posting QUALITY content not QUANTITY content for followers, etc. I want to be able to give very precise analysis for everybody that is seeing my content because I hold myself to high standards and I expect my viewers to as well. SO, lets take a look at this. If you see this pair you can see that AUDUSD has actually been in a downtrend for a little bit of time now. If you look at what's been happening recently AUDUSD failed to make new lows then it was now followed by a very strong push to the upside by the buyers showing great interest in this pair by the buyers. Something that has really helped me in my trading is implementing the fact of BUYING AT LOW POINTS AND SELLING AT HIGH POINTS. Therefore when I see this kind of momentum occurring at a low point in the market, it shows me its more probable to go to the upside because we have more buyers down here. Lets take a look. 1D Chart: *On the daily chart we can see that price failed to break new lows and then was followed by a very strong buyer interest *price had broken recent significant structure around previous lows around the .71400 handle *look for a weak pullback by the sellers into that recent significant structure area *look for strong buyer interest to come back in at this area to show he is still interested in this pair 4H Chart: * look for a weak pullback by the sellers on this timeframe *use this timeframe to have a more precise look into a proper and possible entry and exit positioning on this pair *watch for buyer interest again P.S. SINCE AUDUSD IS IN A DOWNTREND LOOK FOR A POSSIBLE FAKEOUT TO THE DOWNSIDE IF WE SEE ONE BEFORE THIS POSSIBLY REVERSES UPWARDS. Please like and follow my page for more posts! Always remember to implement proper risk management with every trade setup and make sure to follow your strategy with discipline and patience! Cheers!
Long
by JosePips