Blue Palm Institute Setup 💎
Pair💰: AUDUSD
Weekly Time Frame🖥️:
Weekly Excelsius View🖥️:
Daily Time Frame🖥️:
Daily Excelsius View🖥️:
4 Hour Time Frame🖥️:
4 Hour Excelsius View🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly is forming, we rejected both weekly lower highs and the monthly lower high as well with last weeks movement. We could be seeing a short term reversal coming this week and maybe next week to come to test the most recent weekly higher low
Daily Time Frame📚: The daily did break the daily higher low before the week ended, which is hinting a break of daily structure to the down side. The break was right after price completely falsely broke the monthly and weekly lower high 0.75555. You can see as well the false break was right at excelsius block 1 rejection zone
4 Hour Time Frame📚: There is a couple of things to look out for on this pair. For starters, if we would like to get in safely for buys, we need a break above the weekly lower high (0.76166) on the 30 minute time frame, wait for a 30 minute higher high to form on the 30 minute time frame and then a break of that new higher high formed.
Second the more aggressive buy that can be very short lived is the buy above the past daily higher low, I would not advise to get into these buys as price can reject the monthly/weekly lower high 0.75555.
Lastly, for sells, we would need a break below or respect the past daily higher low, wait for price to form a new 15 minute lower low, after it is formed, wait for price to break the new found 15 minute lower low.
Pair💰: AUDUSD
Weekly Time Frame🖥️:
Explanation of Analysis📚
Weekly Time Frame📚: With how the weekly is forming, we rejected both weekly lower highs and the monthly lower high as well with last weeks movement. We could be seeing a short term reversal coming this week and maybe next week to come to test the most recent weekly higher low
Daily Time Frame📚: The daily did break the daily higher low before the week ended, which is hinting a break of daily structure to the down side. The break was right after price completely falsely broke the monthly and weekly lower high 0.75555. You can see as well the false break was right at excelsius block 1 rejection zone
4 Hour Time Frame📚: There is a couple of things to look out for on this pair. For starters, if we would like to get in safely for buys, we need a break above the weekly lower high (0.76166) on the 30 minute time frame, wait for a 30 minute higher high to form on the 30 minute time frame and then a break of that new higher high formed.
Second the more aggressive buy that can be very short lived is the buy above the past daily higher low, I would not advise to get into these buys as price can reject the monthly/weekly lower high 0.75555.
Lastly, for sells, we would need a break below or respect the past daily higher low, wait for price to form a new 15 minute lower low, after it is formed, wait for price to break the new found 15 minute lower low.