PriceActionTrading

AUDUSD D1 END OF WEDGE PATTERN?

FX:AUDUSD   Australian Dollar/U.S. Dollar
247 5 9
POSSIBLE TRIANGLE WEDGE PATTERN FORMED ON D1 H4.
POSSIBLE BREAKOUT SOON.
WAIT FOR BREAKOUT (AS CONFIRMATION) TO EITHER SIDE FIRST BEFORE ENTERING ANY TRADE AS CURRENT RR AND PROBABILITY IS LOW.
I WOULD VERY MUCH PREFER TO TRADE AT KEY LEVELS

0.80500 IF UPSIDE BREAKOUT &
0.7900 IF BREAKOUT BOTTOM IS CONFIRMED


EITHER WAY, WE SHOULD WAIT FOR TODAY'S D1 TO CLOSE FIRST BEFORE ENTERING ANY TRADE.

H4
snapshot
tommyjones91
2 years ago
Again thank you, Great Idea on multiple timeframes, I find these really helpful.
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PriceActionTrading tommyjones91
2 years ago
Yea i always conduct my analysis using at least 2 timeframes. Followed by entering trade on the lowest timeframe, for me it is H4.
Thanks.
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AmeerSamy PriceActionTrading
2 years ago
So you Think it's Time to enter Short now , or Still waiting confirmation
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PriceActionTrading AmeerSamy
2 years ago
Well at this point i do not know what direction it is going to explode. Hence the indecision Doji bar D1 last friday. The market is indecisive, so as a conservative trader it is best to wait for confirmation.
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tommyjones91 PriceActionTrading
2 years ago
Exactly the same as I, Analysis on the D1, W1 Entries on the 4H. Good Luck, I'll be watching this one also.
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