Evening Traders,
Today’s analysis – AUDUSD – trading at a key location with bearish price action,
Points to consider,
- Price Action Corrective
- Sing Print Fill
- Weekly S/R Support
- Low Volume
Price Action is currently correction, trading at a key location where an impulsive break will lead to a the single print fill.
The weekly support is has strong confluence with the .618 Fibonacci, respecting this region will lead to an intraday price action bounce.
The current volume has climaxed, an increase in volume is needed at lower levels to indicative demand.
Overall, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – AUDUSD – trading at a key location with bearish price action,
Points to consider,
- Price Action Corrective
- Sing Print Fill
- Weekly S/R Support
- Low Volume
Price Action is currently correction, trading at a key location where an impulsive break will lead to a the single print fill.
The weekly support is has strong confluence with the .618 Fibonacci, respecting this region will lead to an intraday price action bounce.
The current volume has climaxed, an increase in volume is needed at lower levels to indicative demand.
Overall, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.