AUDUSD 3.12.21| Backtest + Chart Markup
Based on market structure, we can see that buyers are now in control. Over the last week, price has been in a bullish market, however the last couple days, price seemed to break my major trendline; heading to the downside. I placed a descending channel, trapping price - and price still has been respecting my zones. Managing to catch the trend up and the trend down.
Next Week's Outlook: Using the fib levels, price is currently riding the .382 on the 15min. // Signaling possible buy
Confluences: Market Structure, Trendlines, Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
Next Week's Outlook: Using the fib levels, price is currently riding the .382 on the 15min. // Signaling possible buy
Confluences: Market Structure, Trendlines, Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!