AUDUSD confluence will influence

FX:AUDUSD   Australischer Dollar/U.S. Dollar
371 0
We have an area of great confluence not far above current pricing. If we get there it may be a lower risk higher reward short trade.
weekly trend line , daily pattern, 4 hour pattern, 1 hour pattern. "e" wave of a 5 wave 4 hr pattern. 1.618 extension of 3 impulses.
Price could break down before we reach this level. I will look for a strong 4 hr candle to break the blue 4 hr trend line and a small correction to short to the green pattern line (dashed). *note if price action breaks the swing high at .7676 the green daily pattern line will become a daily trend line .

If price break the weekly trend line (orange) and gives a shallow pull back on the daily TF look for further up movement.
Watch the DXY as this will give guidance with this pair and gold .

Educate yourself, create a trade plan, validate your trade plan with other traders ideas. Own your trade good or bad.

This is a good community that helps everyone. Please give feedback and thumbs up if you like it. It helps us all
Trade ist aktiv
Trade geschlossen: Stop wurde erreicht
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden