A+ Setup on AUDUSD
Asset: AUDUSD
Bias: Bullish
Price range: 0.6525 ~ 0.6500
Confluences;
Invalidation level: A close below 0.6485
Volatility: US consumer confidence and job openings on Tuesday, AUD inflation YoY prints 9 hours later, FOMC 18 hours after Aussie's inflation print
My ideal trigger is a bounce at our confluent level, followed by a break of the current descending channel.
Bias: Bullish
Price range: 0.6525 ~ 0.6500
Confluences;
- 61.8% retracement of 2023’s 4th quarter bullish rally
- 100% extension of the first bearish wave from 28 Dec to 5 Jan (Healthy corrections appear in 2 equal legs) (Elliot wave) (Harmonics)
- Level held as support during the first 7 months of 2023, price closed twice below this level but subsequently rallied away from this level the next day on both occasions.
- Descending channel formation
Invalidation level: A close below 0.6485
Volatility: US consumer confidence and job openings on Tuesday, AUD inflation YoY prints 9 hours later, FOMC 18 hours after Aussie's inflation print
My ideal trigger is a bounce at our confluent level, followed by a break of the current descending channel.
İşlem aktif
Price has broken out of the descending channel. We can confirm that 0.6530 was a significant low on the 17th of Jan. Green light for buying opportunities.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.