✅ **Market & Timeframe:**
AUD/USD, 1‑hour chart.
✅ **Overall Bias (multi‑timeframe):**
* Weekly: Bullish
* Daily: Bearish
* 12H: Bullish
* 6H: Bullish
* 4H: Bullish
➡️ **≈ 80% Bullish bias overall.**
✅ **Pattern & Structure:**
You’ve clearly highlighted an **Inverse Head and Shoulders**:
* Left Shoulder near 0.6520
* Head near 0.6500
* Right Shoulder near 0.6525
Price has broken above the neckline (\~0.6540 area).
✅ **Key Levels:**
* **Daily AOI (Area of Interest):** 0.6537–0.6541
(price currently above, expected to retest this zone)
* **Next upside target:** 0.6588–0.6590
* **Major support:** Lower Daily AOI around 0.6466–0.6490
✅ **Moving Averages:**
* Blue MA (shorter) is above red MA (longer) – showing upward momentum.
✅ **Price Action Plan (illustrated by your arrows):**
1. Price has just broken out above the neckline.
2. Expecting a **retest back into Daily AOI (\~0.6540)**.
3. Looking for bullish confirmation there (e.g., bullish candlestick pattern) to enter **long**.
4. Targeting the resistance zone around **0.6588–0.6590**.
---
📌 **Summary:**
Your chart signals an **80% bullish setup**.
✅ Inverse head & shoulders → breakout above neckline.
✅ Wait for price to pull back into Daily AOI (0.6537–0.6541).
✅ Look for bullish confirmation → then enter long.
🎯 Target: \~0.6588–0.6590.
AUD/USD, 1‑hour chart.
✅ **Overall Bias (multi‑timeframe):**
* Weekly: Bullish
* Daily: Bearish
* 12H: Bullish
* 6H: Bullish
* 4H: Bullish
➡️ **≈ 80% Bullish bias overall.**
✅ **Pattern & Structure:**
You’ve clearly highlighted an **Inverse Head and Shoulders**:
* Left Shoulder near 0.6520
* Head near 0.6500
* Right Shoulder near 0.6525
Price has broken above the neckline (\~0.6540 area).
✅ **Key Levels:**
* **Daily AOI (Area of Interest):** 0.6537–0.6541
(price currently above, expected to retest this zone)
* **Next upside target:** 0.6588–0.6590
* **Major support:** Lower Daily AOI around 0.6466–0.6490
✅ **Moving Averages:**
* Blue MA (shorter) is above red MA (longer) – showing upward momentum.
✅ **Price Action Plan (illustrated by your arrows):**
1. Price has just broken out above the neckline.
2. Expecting a **retest back into Daily AOI (\~0.6540)**.
3. Looking for bullish confirmation there (e.g., bullish candlestick pattern) to enter **long**.
4. Targeting the resistance zone around **0.6588–0.6590**.
---
📌 **Summary:**
Your chart signals an **80% bullish setup**.
✅ Inverse head & shoulders → breakout above neckline.
✅ Wait for price to pull back into Daily AOI (0.6537–0.6541).
✅ Look for bullish confirmation → then enter long.
🎯 Target: \~0.6588–0.6590.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.