Hello everyone 👋
Today I bring AUDUSD.
My analysis is based on structure and Chart patterns.
My view from the HTF ,AUDUSD has formed a pattern which is Descending in nature .
My view from the LTF , after and strong impulse push down. We now seem to also be correcting in a Descending nature aswell . I also see a Double Bottom Point Of Interest ( POI) area adding to the confluence.
How I would take this setup is wait for a strong bullish impulse phase outside of the LTF pattern and then wait for a LTF continuation pattern and plan my trade .
However if we do not get that push up I will wait for more developement on AUDUSD .
Thank you.
Today I bring AUDUSD.
My analysis is based on structure and Chart patterns.
My view from the HTF ,AUDUSD has formed a pattern which is Descending in nature .
My view from the LTF , after and strong impulse push down. We now seem to also be correcting in a Descending nature aswell . I also see a Double Bottom Point Of Interest ( POI) area adding to the confluence.
How I would take this setup is wait for a strong bullish impulse phase outside of the LTF pattern and then wait for a LTF continuation pattern and plan my trade .
However if we do not get that push up I will wait for more developement on AUDUSD .
Thank you.
