Hello Traders!
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๐ต AUD / NZD Setup / Analysis
๐ 4hr's Chart
๐ The reasoning for this setup
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- ( Take Profit point's ) -
๐ต Take Profit 1 ( 1.07900 )
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๐ต Take Profit 2 ( 1.08130 )
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๐ต Take Profit 3 ( 1.08360 )
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๐ต Last Take Profit 4 ( 1.08660 )
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Reasoning ๐๐๏ธ
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๐ฐinner Up Trend ( visible on shorter timeframes, such as the hourly chart )
๐ฐVWAP Poc ( Traders use VWAP to confirm trends. If the current price is above the VWAP and the trend persists, it may indicate bullish sentiment. Conversely, a price below the VWAP might suggest bearish sentiment )
๐ฐVolume Range Hvn ( High Volume Node )
๐ฐFixed Range ( Some traders use fixed range bars as an alternative to time-based charts. In a fixed range bar chart, each bar represents a specified price movement rather than a fixed time period)
๐ฐChoch + BoS ( Choch - change of character / BoS - break of structure )