AUD/USD MTF Technical Analysis – Market Commentary – Forex Signal

Hello everyone! This post is covering the AUDUSD on MTF using the Professor setup

password is slicktrade
  • 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 H1
  • 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!

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