joely1483

AUD/USD Long Idea - 4H

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
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3
Still learning but........

AUD/USD - 4 Hour Chart

Trend line has been respected for the 4th time.

Next major resistance marked by yellow line.

SL - 0.76769

TP - 0.81200
Trade active: New idea shared to show update

Comments

If you zoom out to the higher time frame structure you'll see a liquidity point. Typically though not always price will trickle up to this liquidity point as the sellers sit on their hands and wait for it to reach get there and by doing this they cause an imbalance of buyers and sellers in the market which actually causes price to keep trickling up to it. ✌🏻
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joely1483 StewySongs
@StewySongs appreciate the feedback 👍🏻 What do you mean by liquidity point?
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Mokham19 StewySongs
@joely1483 the cash grab point. Or the demand area of the currency
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