AUDUSD Top-Down Analysis (Potential Long Setup)
Monthly:
Bullish bias after the last monthly candle closed above the previous month's high. Buy-side liquidity is resting above, which could attract price higher.
Weekly:
Market structure still bullish. After an impulse move up, price corrected to around the 38.2 retracement, suggesting the potential for another higher high.
Daily:
Price is bouncing from a strong level and holding above the 50 EMA. This area has acted as resistance in the past and is now being retested as support.
4H Trade Plan:
Waiting for a strong bullish close / engulfing candle above this flipped zone.
If confirmed → planning a long.
• Stop: Below the recent 4H low (invalidation)
• Target: Previous high
• RR: ~1:3
• Management: Move stop to breakeven once price clears the first high.
Options
⭐ 1/5 – Weak
⭐⭐ 2/5 – Below Average
⭐⭐⭐ 3/5 – Decent
⭐⭐⭐⭐ 4/5 – Strong
⭐⭐⭐⭐⭐ 5/5 – A+ Setup
Monthly:
Bullish bias after the last monthly candle closed above the previous month's high. Buy-side liquidity is resting above, which could attract price higher.
Weekly:
Market structure still bullish. After an impulse move up, price corrected to around the 38.2 retracement, suggesting the potential for another higher high.
Daily:
Price is bouncing from a strong level and holding above the 50 EMA. This area has acted as resistance in the past and is now being retested as support.
4H Trade Plan:
Waiting for a strong bullish close / engulfing candle above this flipped zone.
If confirmed → planning a long.
• Stop: Below the recent 4H low (invalidation)
• Target: Previous high
• RR: ~1:3
• Management: Move stop to breakeven once price clears the first high.
Options
⭐ 1/5 – Weak
⭐⭐ 2/5 – Below Average
⭐⭐⭐ 3/5 – Decent
⭐⭐⭐⭐ 4/5 – Strong
⭐⭐⭐⭐⭐ 5/5 – A+ Setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.