Hi, everyone On the monthly TF, the price is near a strong support level. The price has repeatedly turned around in this zone in 2020 and 2022. An idea for lovers of long-term trades, entry in the zone 0.8250-0.8310 with a target of 0.8950-0.9000. Good luck to everyone and have a nice day!
OANDA:AUDUSD On D1, there is still an ascending structure, the price moves within the ascending channel. The price is now near the bottom of the channel. Potentially good opportunity to open long trades targeting 0.6800-0.6810 and 0.6940. On H4, a support level appeared in the zone of 0.6700-0.6715, a good zone for opening long trades when a signal appears. Good...
Hello everyone! This is my first post on market analysis. I will try to explain my thoughts on this pair. After the two-week fall of the EURUSD pair, which started from the 1.1200 zone, the pair found its support in the 1.0900-1.0890 zone. A pin bar was formed on D1, which also indicates that sellers are losing their positions + a long divergence was formed on H4....