Objectives complete and now we have new plans... AUDUSD
Greetings fellow traders!
All the major targets marked in the previous idea have been achieved.
The new plan for now is observing what the market does. We do have a bullish Purge and Revert in progress in AUDUSD on the daily. Long till 0.64700. Apart from that, we also have a daily volume imbalance which would draw price towards it. Attaching the daily chart for reference.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
All the major targets marked in the previous idea have been achieved.
The new plan for now is observing what the market does. We do have a bullish Purge and Revert in progress in AUDUSD on the daily. Long till 0.64700. Apart from that, we also have a daily volume imbalance which would draw price towards it. Attaching the daily chart for reference.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
Note
We have SMT divergence in AUDUSD and NZDUSD. Expecting bullishness in AUD. Note
This looks beautiful. Weekly chart.
Also, note that SMT is a mere qualifier and is nothing without a preconceived bias.
Note
Unless proven absolutely wrong, our bias remains bullish, even as the market consolidates.Note
Failed. Continuing bearish stance to last monthly target of 0.62701.
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