AUDUSD Key HTF Levels|Single Print|.618 Fibonacci|Price Action
Evening Traders,
Today’s analysis – AUDUSD – trading at a key location with bearish price action,
Points to consider,
- Price Action Corrective
- Sing Print Fill
- Weekly S/R Support
- Low Volume
Price Action is currently correction, trading at a key location where an impulsive break will lead to a the single print fill.
The weekly support is has strong confluence with the .618 Fibonacci, respecting this region will lead to an intraday price action bounce.
The current volume has climaxed, an increase in volume is needed at lower levels to indicative demand.
Overall, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – AUDUSD – trading at a key location with bearish price action,
Points to consider,
- Price Action Corrective
- Sing Print Fill
- Weekly S/R Support
- Low Volume
Price Action is currently correction, trading at a key location where an impulsive break will lead to a the single print fill.
The weekly support is has strong confluence with the .618 Fibonacci, respecting this region will lead to an intraday price action bounce.
The current volume has climaxed, an increase in volume is needed at lower levels to indicative demand.
Overall, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee