AUDUSD - Very good opportunity- Forecast
Hello Traders,
Based on the time cycle zone (two vertical lines), there is a high probability of Trend reversal in AUDUSD m30.
Starting point of the Reversal could be during the zone but It might continue upwards till the end of the zone (vertical line on the right) or few candles after that.
I believe we will see the good reversal in m30 timeframe.
Good luck
P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.
Based on the time cycle zone (two vertical lines), there is a high probability of Trend reversal in AUDUSD m30.
Starting point of the Reversal could be during the zone but It might continue upwards till the end of the zone (vertical line on the right) or few candles after that.
I believe we will see the good reversal in m30 timeframe.
Good luck
P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.
Trade closed: target reached:
As forecasted, by the end of the time cycle zone a reversal happened. It worked fine based on the time (number of candles) but in terms of price movement it did not.
If I want to trade only based on this time frame and the time cycle zone in m30 I can close my position here.
There is a bigger time cycle in a bigger time frame that can move price lower at least to the first support area or even the second one. But based on the m30, it is done.
If I want to trade only based on this time frame and the time cycle zone in m30 I can close my position here.
There is a bigger time cycle in a bigger time frame that can move price lower at least to the first support area or even the second one. But based on the m30, it is done.