As u can see on the long run there was a shift on the MS. The price is slowly correcting to the upside creating a rising wedge pattern. But soon we should see breakout to the downside and further continuation.
What can be concluded according to this info. When we see a massive correction on the BTC, all the market starts correcting but after sometime...
Overall the trend is up. There might be a correction to the downside at the beginning of the week or might not be. I guess the price will go to the instit. candle and reverse down to grab some liquidity before trend continuation.
Overall on the H4 we have a bullish market structure. The price is approaching the flip zone and as u can see creating a falling wedge pattern and the MS on H1 is down. Wanna see a break of MS on H1 after which we can go long on the pullback.
Price is near the weekly low of the previous week. on the daily and weekly price failed to make a new high to the up and retraced back. Expecting that price will make head down to grab some liquidity for going up. For now highly likely price will retrace up to fill some liquidity before going down.
The price has been consolidating in this interval for several days. I have identified three main levels where we need to be alert to price movement. These are: 0.7815, 0.7775, and 0.7690. I indicated my guess how the price might act this week with arrows.
DXY (Dollar Index)
DXY - This is the dollar index against a basket of other major pairs. An analysis of this index before trading dollar pairs is highly recommended, as I know the general trend where $ is going, you can clarify the situation with other pairs.
In general, as you can see the index is "nowhere". The past few weeks have been bearish for the dollar,...
AUDUSD H1 Intraday set up!
As u can see the price broke above the range and retracing to test the broken level. Just watch how does the price reacts to that level. If the level holds and we see some patterns e.g. Pin bar, Engulfing we can go long. If the bribe breaks down with nice impulse and holds below, it can be treated as false break and go short.