MAJOR BREAK OUT! AUD/USD **MUST SEE**
Whats up Tradingview Crew!! First off let me say, I hope y'all caught that EUR/JPY sell I was able to send out on Friday morning! Too my surprise this thing just melted immediately and smashed 200+pips ---> we were only going for 100, but if you know how to trail your trade then you could have caught some additional PIP's on that one!!
So!! with that said, lets get into it!!
Looking here at Current Economic uncertainty and the war that's knocking on our doors! we have to anticipate the possibility that Assets that are good for inflationary reasons and other safe heaven assets Like gold silver will raise/increase in value in the short and potentially very long term! and with this happening i Can see the USD $ get rekt and loose massive strength in the near and of course the longer term!!
SO WITH ALL THIS IN MIND and At play Let's take a look at the AUD/USD Chart on the higher time frames like the monthly and weekly what are we seeing?
on the monthly we have some interesting market structure and patterns we've created... for an example price has been trading in a downwards channel for some time and we can see price on the daily time frame has broken and closed above that structure
then when I took a look on the daily and 4hr I can SEE that we have Double bottom out and started pushing up and broke thru that channel and a significant Resistance are as we can see how this area has reacted in the past we can anticipate it too be a strong support now that price has closed above In the short term I'm looking for a Price Correction to retest the area I have highlighted in Yellow and once price comes back to there I will be looking to enter and ride this wave too anywhere from 1st target area of 65 pips and the 2nd around 120+ pips and Longer term potentially 700+ (SWING POTENTIAL)
Disclaimer-- This information is shared for Educational and demo Purposes only! non of this information should be took as investment advice or anything alike!
LET ME KNOW if you like this kind of Description wrote out and explained slightly more in detail WITH/OUT Giving all of my own personal Secrets away! SO LET ME KNOW IN THE CHATS BELOW!!!
Don't forget to GIVE ME A LIKE AND A FOLLOW FOR FUTURE Educational information and Charting
So!! with that said, lets get into it!!
Looking here at Current Economic uncertainty and the war that's knocking on our doors! we have to anticipate the possibility that Assets that are good for inflationary reasons and other safe heaven assets Like gold silver will raise/increase in value in the short and potentially very long term! and with this happening i Can see the USD $ get rekt and loose massive strength in the near and of course the longer term!!
SO WITH ALL THIS IN MIND and At play Let's take a look at the AUD/USD Chart on the higher time frames like the monthly and weekly what are we seeing?
on the monthly we have some interesting market structure and patterns we've created... for an example price has been trading in a downwards channel for some time and we can see price on the daily time frame has broken and closed above that structure
then when I took a look on the daily and 4hr I can SEE that we have Double bottom out and started pushing up and broke thru that channel and a significant Resistance are as we can see how this area has reacted in the past we can anticipate it too be a strong support now that price has closed above In the short term I'm looking for a Price Correction to retest the area I have highlighted in Yellow and once price comes back to there I will be looking to enter and ride this wave too anywhere from 1st target area of 65 pips and the 2nd around 120+ pips and Longer term potentially 700+ (SWING POTENTIAL)
Disclaimer-- This information is shared for Educational and demo Purposes only! non of this information should be took as investment advice or anything alike!
LET ME KNOW if you like this kind of Description wrote out and explained slightly more in detail WITH/OUT Giving all of my own personal Secrets away! SO LET ME KNOW IN THE CHATS BELOW!!!
Don't forget to GIVE ME A LIKE AND A FOLLOW FOR FUTURE Educational information and Charting