AUD/USD - PICK UP THE TREND! (BUY POTENTIAL)
Technical Overview: - AUD/USD
Check out our previous posted analysis
Recently we had seen the Australian Dollar get stronger and we had been waiting for price to sell off.
Last week we mentioned we are looking for long positions after taking out marked level as "fuel"
we had seen bullish week previously, after tapping into our marked sell zone we anticipated a sell which led us down again into smaller time frame discount areas.
This week we would love to see bears take control and bring us back down again into great buying areas!
We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday
Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place.
HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back.
Keeping it simple with fundamentals, stimulus had been officially passed this means more printing of the Dollar...
We do not update our weekly analysis frequently on this site!
From a smaller time frame we are expecting to continue this bullish run however we are not able to enter unless we get price falling down to our buy potential points of interest.
If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish momentum.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis
Recently we had seen the Australian Dollar get stronger and we had been waiting for price to sell off.
Last week we mentioned we are looking for long positions after taking out marked level as "fuel"
we had seen bullish week previously, after tapping into our marked sell zone we anticipated a sell which led us down again into smaller time frame discount areas.
This week we would love to see bears take control and bring us back down again into great buying areas!
We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday
Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place.
HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back.
Keeping it simple with fundamentals, stimulus had been officially passed this means more printing of the Dollar...
We do not update our weekly analysis frequently on this site!
From a smaller time frame we are expecting to continue this bullish run however we are not able to enter unless we get price falling down to our buy potential points of interest.
If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish momentum.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
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.