Breakdown OK
Free signal. TD Breakdown valid. Breakdown qualifiers OK. Trendline retested. This is very similiar setup as on EURUSD as both things correlate.
It is good entry because price reversed at yearly pivot level S2 having retested it. Price usually reverses at yearly pivots (traditional).
DM projection target coincides with monthly pivot - May close - what makes sense.
THIS IS NO FINANCIAL ADVISE.
Top Absolute Correlation 4 hrs
1 AUDUSD - AUDCHF 97.7%
2 AUDUSD - AUDSGD 96.0%
3 AUDUSD - EURAUD -95.8%
4 AUDUSD - GBPAUD -94.2%
5 AUDUSD - GBPUSD 92.3%
6 AUDUSD - AUDJPY 91.9%
7 AUDUSD - AUDCAD 89.6%
8 AUDUSD - USDRUB -87.4%
9 AUDUSD - USDHUF -86.7%
10 AUDUSD - US2000 86.4%
It is good entry because price reversed at yearly pivot level S2 having retested it. Price usually reverses at yearly pivots (traditional).
DM projection target coincides with monthly pivot - May close - what makes sense.
THIS IS NO FINANCIAL ADVISE.
Top Absolute Correlation 4 hrs
1 AUDUSD - AUDCHF 97.7%
2 AUDUSD - AUDSGD 96.0%
3 AUDUSD - EURAUD -95.8%
4 AUDUSD - GBPAUD -94.2%
5 AUDUSD - GBPUSD 92.3%
6 AUDUSD - AUDJPY 91.9%
7 AUDUSD - AUDCAD 89.6%
8 AUDUSD - USDRUB -87.4%
9 AUDUSD - USDHUF -86.7%
10 AUDUSD - US2000 86.4%
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