AUDUSD Momentum Fading (Upside Ahead)
Analysis
-AUDUSD looking bullish and showing signs of a potential reversal following days of consolidation.
-The price action in the consolidation resulted in a daily pinbar at support which is a bullish sign.
-On the 1H time frame, price is making equal lows and looking to break the trendline to the upside.
-There is also bullish MACD divergence on the 1H time frame which further eludes to price possibly moving higher following the equal lows.
-The reward/risk is good for the setup (given the distance between daily S/R levels)
*Trade Safe and at your own discretion!*
-AUDUSD looking bullish and showing signs of a potential reversal following days of consolidation.
-The price action in the consolidation resulted in a daily pinbar at support which is a bullish sign.
-On the 1H time frame, price is making equal lows and looking to break the trendline to the upside.
-There is also bullish MACD divergence on the 1H time frame which further eludes to price possibly moving higher following the equal lows.
-The reward/risk is good for the setup (given the distance between daily S/R levels)
*Trade Safe and at your own discretion!*
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.