Hello to all
It seems that the rise of the Australian dollar against the US dollar will continue and I think it will reach at least $0.75. Until the drawn trend lines are not broken, you can think about buying.
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1. Am not trading against the 4hrs time am following the trend on the lower timeframe ENTRY OFF___1hr___
2. My levels/zones are marked correctly so I know were price can
reverse from before taking profit/entry.
3. Waited for candle to close on the____4hr_____ before entering this trade
4. Am not taking a full 4hrs Bullish/Bearish...
Greeting fellow traders,
Roughly about 3-4 weeks ago, price has violated the weekly demand zone by closing below 0.625 weekly support line. In addition to the newly created weekly supply zone (0.655 - 0.636). This suggests that sellers are in control. In terms of long term, there's a possible chance that AUDUSD might drop further ( to weekly support - 0.598)....
hello freands
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FX:AUDUSD for buy now
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An analysis made on HTF D, H4, and H1 and execution on LTF on 15m and 1m.
Very risky entry since confirmations are not so solid as they can be in the coming minutes/hours, so something I don't recommend.
But still interesting to share anyway.
