AUD/USD - Crucial Support @ 0.62000 to 0.61700

٢ فبراير

Dear Friends,

How I see it:

If support area holds, pair can potentially rally to 0.64000 -
in the near term.
It will also confirm the main swing support for the pair.
Up to 0.68000 in the long run.

I have indicated my buy zone, please see how price react first.

Keynotes:
1) If a 4HR candle body closes below 0.61600, I will not enter on that day.
2) To avoid confusion, price may test 0.61700 hard, but if the day candle
pulls back and still closes above 0.62000, we'll be golden.

I'm only creating a perfect scenario for an explanatory reason.
I am confident that you know we are NOT trading in a perfect market,
in la la land!

Thank you for taking the time to study my analysis.

٣ فبراير

ملاحظة

DO NOT BUY UNDER 0.62000 !
Market literally opened gap down, exactly below demand.
Tariffs effect, institutional liquidity sweep...?
I hoped for a gap up open.
Green thesis above is on hold until 1D candle body closes above 0.62000

٤ فبراير

ملاحظة

Yesterday candle did close above 0.62000.
I believe the gap down was n liquidity dip pre-reversal.
Price is currently testing 0.61800 - 0.61600 demand zone.
For safety I will rather look for a long entry above 0.62000.

I will be even more confident in the "GREEN/LONG" thesis if DXY remains below 108.000!

٧ فبراير

ملاحظة

Serious selling pressure @ 0.63000 hurdle

Let's see what happens today - NFP!!