🔍 Market Structure & Price Action:
After a clear Break of Structure (BoS) to the upside, AUDUSD is currently retracing back into a Bullish Order Block and sitting above a strong Support Zone and an ascending Trend Line.
Previous Bearish Momentum has shifted into Bullish Momentum, suggesting a potential upside continuation from discounted pricing.
📈 Trade Plan:
🎯 Entry: 0.64025 (inside Bullish OB & near support)
🛑 Stop Loss: 0.63870 (below Bullish OB & Support Zone)
✅ Take Profit: 0.64520 (before Bearish OB & inside premium zone)
🧱 Zones to Watch:
🔵 Bullish Order Block: 0.64025 - 0.63947 (entry aligned)
🔴 Bearish Order Block: 0.64585 - 0.64526 (profit booking area)
🟠 Support Zone: 0.63878 - 0.63956 (strong rejection area)
🟢 Resistance Zone: 0.64693 - 0.64605 (final premium structure)
📊 Confluences:
Trendline support + Bullish OB + Support zone + Bullish momentum shift = High-probability buy setup.
RR Ratio: Approx. 3.2:1 📐
🗺️ Expectation:
Price may first wick into the OB/support zone (0.6400 area), then rally towards the bearish OB (0.645x), with potential partials before major resistance.
After a clear Break of Structure (BoS) to the upside, AUDUSD is currently retracing back into a Bullish Order Block and sitting above a strong Support Zone and an ascending Trend Line.
Previous Bearish Momentum has shifted into Bullish Momentum, suggesting a potential upside continuation from discounted pricing.
📈 Trade Plan:
🎯 Entry: 0.64025 (inside Bullish OB & near support)
🛑 Stop Loss: 0.63870 (below Bullish OB & Support Zone)
✅ Take Profit: 0.64520 (before Bearish OB & inside premium zone)
🧱 Zones to Watch:
🔵 Bullish Order Block: 0.64025 - 0.63947 (entry aligned)
🔴 Bearish Order Block: 0.64585 - 0.64526 (profit booking area)
🟠 Support Zone: 0.63878 - 0.63956 (strong rejection area)
🟢 Resistance Zone: 0.64693 - 0.64605 (final premium structure)
📊 Confluences:
Trendline support + Bullish OB + Support zone + Bullish momentum shift = High-probability buy setup.
RR Ratio: Approx. 3.2:1 📐
🗺️ Expectation:
Price may first wick into the OB/support zone (0.6400 area), then rally towards the bearish OB (0.645x), with potential partials before major resistance.
Trade active
Take direct entry nowTrade closed: target reached
Target reached...! 😍
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.