AUD/USD quick strat 11/4/2024

140
Analysis:

Trend Analysis:
- decline trend weak and more overturned by jumping inclined volatility
- MACD decline trend weak and untrying
- historical data shows high inclined volatilty

Structure:
-weak trend bulls overpowering bears significantly
-historical data in momentum favors bulls stability VS bears instability


Risk Management:
- can be tightened up due to statistical forecast and news & events
regular risk management for this period 40% turned to 20% max, 15% least

News & Events:
- poll burnings
- hurricanes
- Elections
- economic data imbalance looks as if they will lower rates to make currency look attractive


Objective & Targets:
expect jumping volatility to lead to significant inclines/higher price swings buy signifacnt low @ 0.65803 expect price to incline significantly to 0.66442 are. 0.90% incline from entry leaving 1.3% more to go for actual tp1 target

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