Weekly Chart Signal Trade idea- Multi-time frame AUDUSD
Jan 04th 2024
1. The weekly swing is bearish on the weekly time frame. (See green 1 for strong market structure)
A. I expect price to move through my risk management strategy to move from 1 to the 2 on the weekly timeframe
2. Price is currently in the equilibrium between the weekly high strong (see green 3 & 4 for reference)
Price is more likely to move from strong market structure to weaker structure. This is how I based my phases of the market.
3. Price is currently in C.4 supply zone and is trending bullish for the Change of Trend (CHoCH)
4. Trade Ideas (Investor trade plan)
A. I could short trade with a risk entry at the short trade at Black 5
B. I Could also go to a lower time frame and wait for a confirmation entry for a higher probability trade
1. The weekly swing is bearish on the weekly time frame. (See green 1 for strong market structure)
A. I expect price to move through my risk management strategy to move from 1 to the 2 on the weekly timeframe
2. Price is currently in the equilibrium between the weekly high strong (see green 3 & 4 for reference)
Price is more likely to move from strong market structure to weaker structure. This is how I based my phases of the market.
3. Price is currently in C.4 supply zone and is trending bullish for the Change of Trend (CHoCH)
4. Trade Ideas (Investor trade plan)
A. I could short trade with a risk entry at the short trade at Black 5
B. I Could also go to a lower time frame and wait for a confirmation entry for a higher probability trade