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AUDUSD H4: BEST Level to SHORT/BUY +150/+250 pips(SL/TP)(XABCD)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because I expect LOSSES
before reversal from PRZ/point D of the XABCD
🔸 Summary and potential trade setup
::: AUDUSD 4hours/candle chart review
::: XABCD speculative setup
::: BEARS in control until 6550
::: SPECULATIVE SETUP / do your own due dill
::: for best results short/HOLD rips/rallies
::: until we hit 6550 / PRZ / D
::: point D is reversal / BEARS swing trade
::: BULLS BUY/HOLD 6550 PRZ/D later
::: expecting reversal TP BULLS 6850
::: HIGHER RISK strategy: SHORT rips/rallies
::: SL BEARS 60 pips TP +150 pips 6550
::: BULLS stay out / until 6550 / PRZ D
::: recommended strategy: BUY/HOLD point D/PRZ
::: final TP BULLS 6850
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6550 fresh demand zone
::: 6850 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/dump/6550
::: Sentiment mid-term: BULLS/reversal/D
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.