The H4 analysis of the Euro/Australian Dollar exchange rate points to a negative trend, with the price currently undergoing a Fibonacci retracement at the 0.62-0.79 level. I anticipate a potential bearish momentum for the pair with a potential target of 1.6270, representing an area of liquidity that has yet to be explored. However, it is crucial for the price to execute a Break Out of Structure (BOS) on a 15-minute time frame during the London or New York sessions. We hope to observe a clear and significant change in market structure during these sessions; otherwise, the idea is not to be considered viable. We always await the necessary operational confirmations and adhere to an optimal risk management approach. Best regards, as always, from Nicola, and I wish everyone a good day of trading.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.