AUDUSD - 8 March 2022
In 1H/15m, the most recent impulsive move to downside showing a clear bearish intention. The push is clean and clear, and the way price is pulling back now showing the bearish momentum is way more stronger than bullish atm. Impulsive downmove, corrective upmove. Also the low is not formed well, rounded bottom, this will probably be used as ERL when the price turns back to bearish, best place to TP..
Structurally and momentum telling us the market is favoring short now. However, based on where the price is (quite low in the leg) and the most recent PA showing it’s likely to give a pullback after the 1H bearish impulsive move, I decide to wait for a Long, of course gonna play it more conservatively and wait for at least 2 confirmation.
Structurally and momentum telling us the market is favoring short now. However, based on where the price is (quite low in the leg) and the most recent PA showing it’s likely to give a pullback after the 1H bearish impulsive move, I decide to wait for a Long, of course gonna play it more conservatively and wait for at least 2 confirmation.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.