AUDUSD LONG
What's good guys according to what I see in my chart, price is in a bearish pattern and creating liquidity above with HH AND HL which those liquidity needs to be taken out before it continue going down.
They are two points where the market is likely to boom from, the first one is the $0.66107 and the second is the $0.65857.
The first point at which the market will buy from is more valid on the lower TF not higher TF so it's likely to hit your stop loss depending on how far you set your TP anyway.
but the second point where the market is likely to buy from is valid on both the lower TF and the HTF
However I'm expecting price to buy up to the 0.68201 before we see any other major pull back.
They are two points where the market is likely to boom from, the first one is the $0.66107 and the second is the $0.65857.
The first point at which the market will buy from is more valid on the lower TF not higher TF so it's likely to hit your stop loss depending on how far you set your TP anyway.
but the second point where the market is likely to buy from is valid on both the lower TF and the HTF
However I'm expecting price to buy up to the 0.68201 before we see any other major pull back.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.