AUD USD TRADE SET UP AUD/USD pair has formed a head and shoulders pattern on the 4-hour timeframe, indicating a potential trend reversal.
A short entry will be executed upon a retest of the neckline on the lower timeframe.
The first target is set at a 1:2 risk-reward ratio, and the second target is at the 4-hour demand level.
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Euruusdanalysis
EURUSD 4H LONGSGiven EU's bullish rally on the 4 hour, we are seeing an inevitable bearish retracement. I have highlighted two areas of interest where price may look to bounce off and continue its bullish push higher(if it so wishes). If price breaks below the lower POI I would be interested in looking to go short.
EURUSD - FOMC CPI DATA WITH CURRENT SENTIMEN ANALYSE , DXY ⛔️ Today is a fairly important day for the EURUSD. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE. But even if USD CPI is NEGATIVE, its impact will largely be on the EURO itself.
⛔️ DXY is currently at 103.717 LEVEL. Also the EUR FEATURE stays at 1.0557 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE will SELL a SHORT TERM a little more.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS IS GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
⛔️ The EURUSD PRICE can be slightly down to 1.0314 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned. USD INFLATION DATA or CPI DATA to be released today at NEWYORK SESSION