Fundamentals Plus Technical = Profitability over 70% >
So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is -0.2 with previous data showing that actual has been greater than -0.2 for a year now with last years report of m/m being -0.4 so chances are in our favor:
Now looking at Technical Analysis We have a market structure that is bullish with no previous market structure being broken according to 4h chart: we have a strong 4h support as a market in a blue highlighted zone - with that being said we have a confluence with Fibonacci being held at 38.2 ratio for my fib traders out there you know this is a PRZ or price reversal zone for trend continuations to happen while im typing this price is already moving into the bullish projection: Now on my indicators you can see on the 1h RSI that there is bullish momentum no indication that bears are in place: Trend is your friend in most scenarios: GOING TO THE 15m chart i like to call the entry chart is that we see are VC (Value chart) is showing indication that sellers are exhausted and it might be time for buyers to step in, With this trade since im a nadex trader there are two options i can take: one being very conservative and expensive at the .400 level or .600 level that i marked in lime green":
Hopefully this helps you how i trade using nadex platform: using fundamentals and technicals its brief i could of elaborated my thought process but also this is my journal for quick thoughts as well :) enjoy!
Now looking at Technical Analysis We have a market structure that is bullish with no previous market structure being broken according to 4h chart: we have a strong 4h support as a market in a blue highlighted zone - with that being said we have a confluence with Fibonacci being held at 38.2 ratio for my fib traders out there you know this is a PRZ or price reversal zone for trend continuations to happen while im typing this price is already moving into the bullish projection: Now on my indicators you can see on the 1h RSI that there is bullish momentum no indication that bears are in place: Trend is your friend in most scenarios: GOING TO THE 15m chart i like to call the entry chart is that we see are VC (Value chart) is showing indication that sellers are exhausted and it might be time for buyers to step in, With this trade since im a nadex trader there are two options i can take: one being very conservative and expensive at the .400 level or .600 level that i marked in lime green":
Hopefully this helps you how i trade using nadex platform: using fundamentals and technicals its brief i could of elaborated my thought process but also this is my journal for quick thoughts as well :) enjoy!
Comment:
You should have took profit on either .600 2 hours before or my conservatives you’re still in the trader or trade expired