Audusdlong
#AUDUSD Uptrend MOVEMENT POTENTIAL with Risk:reward =2.3Currency pair Australian Dollar Vs US dollar ,
Time Frame is 4 hours.
what is the analysis?
Break out from the downtrend movement.
what is a downtrend movement?
Wave will be created in the form of upper high, upper Low, upper high, upper Low, and we can observe the breakout from the downtrend.
This is the Buy call with a Risk: reward ratio of 2.4, First Target is 0.67043 second target is 0.69175.
Hope our analysis is adding value to your trading journey and Happy trading
#tradingstrategy, #forex trading, #AUDUSD , #currency pair, #AUDUSD forecast
AUDUSDHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
AUDUSD view with smart money concept
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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AUDUSD Buy trade opportunitiesAUDUSD Buy trade opportunities
AUDUSD was running in support & resistance channel It has recently broken the Resistance trendline and closed above its a good opportunity for a long with very good risk-reward target point also mention in the chart
‘Always trade with Stop Loss
AUDUSD:CASE OF ENDING DIAGONAL Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY:
Buy AUDUSD with SL of 0.66800 (clbs) and look for the upside targets of 0.7000/ 0.71000/ 0.71800
AUDUSD ANALYSIS ON H4 CHART.Overall, AUD/USD is ranging across. Recently, AUD/USD broke above the key level of 0.72.
The Australian employment data will be released later at 0830 (GMT+8).
Employment Change (Forecast: 60.0K, Previous: 366.1K)
Unemployment Rate (Forecast: 4.5%, Previous: 4.6%)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000.
Look for short-term buying opportunities of AUD/USD.
AUDUSD Analysis on H4 Chart.Overall, AUD/USD is ranging across. Recently, AUD/USD trended into the resistance zone of 0.73000 after the release of the strong U.S. inflation data, leading to the weakening of USD.
Currently, AUD/USD is trading towards the resistance zone of 0.73000 and the next support zone is at 0.71000.
Look for buying opportunities of AUD/USD only if it breaks the resistance zone of 0.73000.