Hello everyone! This post is covering the AUDUSD on MTF using the Professor setup
- AUDUSD Hourly Timeframe
- Currency Strength is showing short
- Trend is currently creating lower highs and lower lows – short trend
- Key Level Breaks (with candle body hold, not wick):
- Long – 0.632913 with target zones of – 0.636624 – 0.638015
- Short – Target Zone – 0.624795 – 0.619659
- AUDUSD H4 Timeframe
- Trend is currently creating lower highs and lower lows – short trend
- Currently on second short leg
- Key Level Breaks (with candle body hold, not wick):
- Long – 0.63854 with target zones of – 0.64041 – 0.64318
- Short – 0.6270 with target zones of – 0.62455
- AUDUS Daily Timeframe
- Price is in a consolidation period following an uptrend
- Key Level Breaks (with candle body hold, not wick):
- Long – 0.63986 – if price breaks previous high and creates a new high, then we could enter consolidation or long position with target zones of – 0.644057 – 0.653462
- Short – 0.622683 – if price is in a correction, then we follow the channel next key short entry would be around the 0.63699 level with a target of 0.622683
Cheers to another successful week!