"Here's my analysis of the AUDUSD pair using Smart Money Concepts (SMC):
# Tools Used:
1. Break of Structure (BOS): Highlights the continuous trend direction.
2. Change of Character (CHoCH): Indicates a potential change in market direction.
3. Liquidity (LQD): 0.63400 - Highlights the sweep area.
4. Support & Demand: 0.63200 - Highlights the reversal area or support to prevent further decline.
5. Resistance & Supply Zone: 0.64300 - Highlights the potential reversal area.
## Trade Setup:
- Entry Point: 0.63450
- Targets: 0.63650, 0.63900, 0.64150
- Stop Loss: 0.63150
## Risk Management:
- Risk/Reward Ratio:(Potential profit: 2.56 (Potential stop loss: 0.094)
What do you think about my analysis of AUDUSD? Share your thoughts in the comments below."
# Tools Used:
1. Break of Structure (BOS): Highlights the continuous trend direction.
2. Change of Character (CHoCH): Indicates a potential change in market direction.
3. Liquidity (LQD): 0.63400 - Highlights the sweep area.
4. Support & Demand: 0.63200 - Highlights the reversal area or support to prevent further decline.
5. Resistance & Supply Zone: 0.64300 - Highlights the potential reversal area.
## Trade Setup:
- Entry Point: 0.63450
- Targets: 0.63650, 0.63900, 0.64150
- Stop Loss: 0.63150
## Risk Management:
- Risk/Reward Ratio:(Potential profit: 2.56 (Potential stop loss: 0.094)
What do you think about my analysis of AUDUSD? Share your thoughts in the comments below."
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.