AUDUSD - ( 4h 140 PIP ) Back Down to low of oct 23?!?
🔹Hello traders, Let's review and go over analysis and strategies for AUD / USD As you can see, price has been in this nice and clear move to the downside For some time now What I'm looking for now is the price to come down to the bullish reversal area Shouldn't take out some of the liquidity and to continue its path direction I am expecting it to go down to the previous monthly low Any more than that is a sign of a continuation of the current trend.
🔹NEWS : The prospect of further policy easing becomes more and more likely but any changes to the interest rate could see the yuan depreciate even further than what we have seen playing out in January thus far. The Chinese index sold off on Wednesday amid the disappointing growth data, likely charting a new path to the downside. looking at the weekly chart, price action fell beyond the major low of April 2022 with the March 2020 low next insight. the Chinese economy has been plagued by the deteriorating property sector, worsening aggregate demand and deflation.
🔹Reasons : As you can clearly see, prices arrived to break the inner uptrend. And combined with that, the monthly low, this is a major sign for traders to go seek a short opportunity in the market This is also a liquidity & accumulation area. This is also a sign of reversal and attraction for the market to go after. The visible range hvn On the other hand, HVN represents a price level with a significant amount of trading volume. There is also a clear ABCD pattern Which you can slide seed. I've mopped this out on the charts This pattern starts at 0.68725$ and with the reversal area being at that main target 0.63870$
🎁Please hit the like button and
🎁Leave a comment to support me!
🗨️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 prospect of further policy easing becomes more and more likely but any changes to the interest rate could see the yuan depreciate even further than what we have seen playing out in January thus far. The Chinese index sold off on Wednesday amid the disappointing growth data, likely charting a new path to the downside. looking at the weekly chart, price action fell beyond the major low of April 2022 with the March 2020 low next insight. the Chinese economy has been plagued by the deteriorating property sector, worsening aggregate demand and deflation.
🔹Reasons : As you can clearly see, prices arrived to break the inner uptrend. And combined with that, the monthly low, this is a major sign for traders to go seek a short opportunity in the market This is also a liquidity & accumulation area. This is also a sign of reversal and attraction for the market to go after. The visible range hvn On the other hand, HVN represents a price level with a significant amount of trading volume. There is also a clear ABCD pattern Which you can slide seed. I've mopped this out on the charts This pattern starts at 0.68725$ and with the reversal area being at that main target 0.63870$
🎁Please hit the like button and
🎁Leave a comment to support me!
🗨️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/ForceTradingFX
