Alikze »» AUDUSD | Corrective wave of the ascending channel!
According to the previous analysis, after correcting to the first green box area and making a buy OB, an uptrend started at the red box area.
💎 But in the 1h time frame, it is moving in an ascending channel, which is currently in the supply zone, which can be determined to be a swing zone or a trading node, which is around the middle of the channel, considering that a candle has created a strong buying demand spike. It is also possible to make corrections.
💎 In addition, in the event of a break in the first correction zone, it can continue until the bottom of the channel and the OB of the rising wave and the explosive start of the recent movement.
💎 If the behavior and structure of the post changes, it will be updated.
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💎 But in the 1h time frame, it is moving in an ascending channel, which is currently in the supply zone, which can be determined to be a swing zone or a trading node, which is around the middle of the channel, considering that a candle has created a strong buying demand spike. It is also possible to make corrections.
💎 In addition, in the event of a break in the first correction zone, it can continue until the bottom of the channel and the OB of the rising wave and the explosive start of the recent movement.
💎 If the behavior and structure of the post changes, it will be updated.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
Comment:
The first target was touched by returning to the previous ceiling.
