AUDUSD: BULLISH Market Analysis! Watching for CONTINUATION
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the AUDUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.[/I]
Top Down Technical Analysis:
In high time frame, the market has been moving since a while inside a big corrective structure, forming many patterns within patterns.
At the end of October, it broke the LTF descending channel, pumping up with a strong impulsive upward move.
The price is currently at the top of the HTF structure, correcting, most probably to prepare for the next further bullish movement.
When, where and why would we step into the market?
Considering the overall still bullish momentum, we will be looking to enter long if we get the right confirmation, a breakout of the LTF flag with a further correction will be enough to enter this market, targeting the next swing high at about 0.69000.
However, the correction could spend more time before be completed, so without a clear breakout, no action will be taken on this market.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
Top Down Technical Analysis:
In high time frame, the market has been moving since a while inside a big corrective structure, forming many patterns within patterns.
At the end of October, it broke the LTF descending channel, pumping up with a strong impulsive upward move.
The price is currently at the top of the HTF structure, correcting, most probably to prepare for the next further bullish movement.
When, where and why would we step into the market?
Considering the overall still bullish momentum, we will be looking to enter long if we get the right confirmation, a breakout of the LTF flag with a further correction will be enough to enter this market, targeting the next swing high at about 0.69000.
However, the correction could spend more time before be completed, so without a clear breakout, no action will be taken on this market.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
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