AUD/USD 4H Chart Analysis – Targeting Bullish Potential
We’re analyzing the AUD/USD 4H chart, where a new BUY signal has been triggered, indicating a possible bullish move ahead.
Key Observations:
- BUY Signal: Triggered at 0.67956, suggesting a potential reversal from the recent downtrend.
- TP Zone: The Take Profit zone is set between 0.68198 and 0.68416, offering a potential gain of 24 to 46 pips from the entry.
- Market Structure: Price is holding above key support levels, and recent price action points to weakening bearish momentum, signaling a likely move toward the TP zone.
Trading Plan:
- Bullish Scenario: If price continues its upward trajectory as expected, aiming for the TP zone between 0.68198 and 0.68416 could bring a favorable outcome. Monitor the price action for confirmations as it approaches these targets.
- Risk Management: Stay flexible and adjust your risk management strategy as needed based on market conditions. Always monitor your position closely and adapt accordingly.
Stay sharp and trade wisely!
Key Observations:
- BUY Signal: Triggered at 0.67956, suggesting a potential reversal from the recent downtrend.
- TP Zone: The Take Profit zone is set between 0.68198 and 0.68416, offering a potential gain of 24 to 46 pips from the entry.
- Market Structure: Price is holding above key support levels, and recent price action points to weakening bearish momentum, signaling a likely move toward the TP zone.
Trading Plan:
- Bullish Scenario: If price continues its upward trajectory as expected, aiming for the TP zone between 0.68198 and 0.68416 could bring a favorable outcome. Monitor the price action for confirmations as it approaches these targets.
- Risk Management: Stay flexible and adjust your risk management strategy as needed based on market conditions. Always monitor your position closely and adapt accordingly.
Stay sharp and trade wisely!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.