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Cashflowmarcofx

Enough Confluence For A Long Position?

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Dolar Australia / Dolar A.S. (FX:AUDUSD)  
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FX:AUDUSD   Dolar Australia / Dolar A.S.
Multiple Time Frame Analysis Supply and Demand Trend Lines Supply Zone Demand Zone Inverse Head and Shoulders
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mtfa supplyanddemand trendline supplyzone demandzone inverseheadandshoulders
My mentor, and I have a totally different bias on AU. I heard him out, and watched as he charted both sides. His main confluence was a bearish engulfing candlestick on the monthly chart. Pushing him toward "sells" only in the month of April. While that can be intimidating, on the technical side, along with his other confluences, I see potential continuation of an uptrend ; due to Australia raising interest rates! , I decided to soak in his bias, and counter his bias, with my own. Knowing fundamental analysis is usually the total opposite I decided to share why AU may go up, While the USD is strengthening, the Australian Dollar may go "Long" going into Monday.
Dagangan ditutup secara manual:
We closed this trade at market open in profit!

Idea Berkaitan

Cashflowmarcofx
My Experience Going "Long" Into Monday
Penafian

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