AUDUSD: 0.7150 is our next possible target in 2024?Happy New Year 2024.
AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with 50-80 pips stop loss a long entry worth it. With the take profit of 600 pips, a great risk to reward.
Smctrading
Wave structure of XAUUSD in time frame M15DAY is uptrend => current is impulse
4H uptrend => curent is internal bullish
M15 is dowtrend => current is internal bearish
The price fell and penetrated the i-Swing (Internal Swing) strongly so the internal rising wave ended.
We can find opportunities to sell down when prices rise again
GBPUSD Continuing Bullish Momentum?The daily is still in a bullish pullback and it will probably continue to move upwards until it finds a strong supply area. Most likely at the 1.28500 area.
We can take advantage of this move by looking at the LTF and finding demand areas so we can take longs from.
Wave structure of AUDUSD in 15M, 4H time frame4H is uptrend => current is impulse
15M is uptrend -> current is impulse
The current price is in the supply zone of the daily time frame, so there is a high possibility of a pullback wave of the 4H frame.
We wait for the wave structure to develop and give the CHOCH breakout signal
Wave structure of EURUSD in 4H time frameDay is dowtrend => current is correction
4H is uptrend => current is impulse
15M is uptrend => current is correction
Currently, in the 15M time frame there is a CHOCH signal, there is a high possibility that the wave in the 4H frame will have a pullback wave.
Gold Process, we follow the institutional playersAfter a really good reaction in the OB H1, there might be a good opportunity to sell with a new Bos or witness a significant expansion, but I'm still convinced we are bullish. He possible to Hit the LRLR.
We need to wait for the market to open to assess the situation.
Wave logic analysis of multi-timeframe DXYDay is uptrend -> current is correction
4H is dowtrend -> current is impulse
5M/15M is dowtrend -> current is impulse
Wave 5M/15M reversal increases when the reversal peak is broken. Then the 4H wave is a corrective wave, the price increases back to the Swing High level of the 4H time frame.
If the high of the 4H timeframe is broken, the price will rise back to the swing high of the daily timeframe.
XAUUSD wave structure in 15M timeframe- 4H time frame uptrend
- 15M time frame downtrend => currently pullback up
- 5M time frame downtrend => current pullback up
- The price dropped and broke through the bottom of 5M, creating an i-BOS signal signaling the end of the pullback wave of 5M.
- The 15M and 5M time frames end the pullback wave, with a high possibility that the price will fall to the weak swinglow of the 15M time frame.