AUDUSD - 4hrs ( Short Trade Target Range 135 PIP )
🔺Hello traders, Let's review and go over analysis and strategies for AUD / USD As I was expecting before even posting this trade. There was gonna be a big rejection from this area. I can now see that it has been a bigger rejection. Breaking the trend line, meaning that we could expect a retest of the trend line and down to the bottom lows area.
🔻NEWS : The Australian Dollar (AUD) retreats after posting gains in the previous two sessions, despite the release of improved Australia Consumer Confidence data on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment index surged 6.2% to 86 in February from 81 in January, marking its highest reading in 20 months. However, the index remained below the neutral 100 mark since February 2022.
Australian Dollar faces downward pressure as Australian inflation moderates, leading to the market sentiment that the Reserve Bank of Australia (RBA) has completed its monetary tightening cycle. This downward trend in the Aussie Dollar weighs on the AUD/USD pair. Additionally, the Australian money market's decline may further constrain the AUD's performance.
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🔴Or Price could end up breaking this support area and making it into a resistance area. And going down to the trend line and maybe breaking it and going down towards the up trend channel band. Lower Band
🔵There is a lot of reasons for why price could go up and could go down. I will give you some examples. Praise good, go up to this liquidity trend line that has been formed. And maybe all the way up to the main Channel band Since this is a high volume area End price is at the middle of the channel band. This is also known as support and resistance area. And price gets support from this other trend line that you can see.
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Reasons VIP ✔️
Points of interest - for VIP➕
Entry Point - VIP➕
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🧭Please hit the like button so I can continue guiding you through your journey
🌫️May the wind be with you!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
🔻Advice🔻
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
🔻NEWS : The Australian Dollar (AUD) retreats after posting gains in the previous two sessions, despite the release of improved Australia Consumer Confidence data on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment index surged 6.2% to 86 in February from 81 in January, marking its highest reading in 20 months. However, the index remained below the neutral 100 mark since February 2022.
Australian Dollar faces downward pressure as Australian inflation moderates, leading to the market sentiment that the Reserve Bank of Australia (RBA) has completed its monetary tightening cycle. This downward trend in the Aussie Dollar weighs on the AUD/USD pair. Additionally, the Australian money market's decline may further constrain the AUD's performance.
________
🔴Or Price could end up breaking this support area and making it into a resistance area. And going down to the trend line and maybe breaking it and going down towards the up trend channel band. Lower Band
🔵There is a lot of reasons for why price could go up and could go down. I will give you some examples. Praise good, go up to this liquidity trend line that has been formed. And maybe all the way up to the main Channel band Since this is a high volume area End price is at the middle of the channel band. This is also known as support and resistance area. And price gets support from this other trend line that you can see.
------
Reasons VIP ✔️
Points of interest - for VIP➕
Entry Point - VIP➕
------
🧭Please hit the like button so I can continue guiding you through your journey
🌫️May the wind be with you!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
🔻Advice🔻
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
💲Telegram : t.me/DeltaDiamondd
