My bullish sentiment on AUDUSD are backed by the following
confluences-
1) Market structure (ChoCh), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity).
So my markups are done on the 1daily timeframe which is higher timeframe (HTF) used.
So price has successfully broken structure higher showing a
Reversal to a bullish trend, and price has
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity and after that price reached my main point of interest which is the Demand below to mitigate it.Now price has given me my basic entry structure on the lower timeframe of 1hr which is a-lower low,lower high, lower low and then a higher high. Then my entry has been placed on a demand formed on the lower timeframe of 1hr. Where I’ll be targeting a minimum of 1:2.5 as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
confluences-
1) Market structure (ChoCh), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(take profit liquidity).
So my markups are done on the 1daily timeframe which is higher timeframe (HTF) used.
So price has successfully broken structure higher showing a
Reversal to a bullish trend, and price has
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity and after that price reached my main point of interest which is the Demand below to mitigate it.Now price has given me my basic entry structure on the lower timeframe of 1hr which is a-lower low,lower high, lower low and then a higher high. Then my entry has been placed on a demand formed on the lower timeframe of 1hr. Where I’ll be targeting a minimum of 1:2.5 as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.