AUD/USD Strong Bullish CBR pattern Suggests Further Move UP

AUD/USD Technical Analysis

  • Bullish continuation
  • ATR is 97 pips
  • CBR bullish pattern
  • Temporary bottom has been established
  • M H5 is the target

MEGATREND MAs: Bullish

D1 Chart AUD/USD

bullish
  1. Order block
  2. CBR pattern
  3. Entry zone
  4. Intraweek target

The AUD/USD is in uptrend. The market has 97 pips of the ATR which indicates bullish market conditions. At this point we can assume that the price will continue upwards towards camarilla M H4 pivot point 0.6962. However, a break higher will lead the price towards 0.7015 and 0.7088 respectively.

I am long and have been buying dips as technicals and fundamentals suggest longs. CBR pattern is formed when the market makes two back to back pinbars. It is a part of the MEGATREND trading course and it’s my proprietary trading candlestick pattern. The suggested ATR projection for intraday trade is 0.7002. AUD and GOLD also have correlation so further strengthening of AUD is positive for GOLD too.

This analysis, all the patterns and all entry signals and targets are a part of the Megatrend system Join my Telegram group to receive trading signals.

Cheers and safe trading,

Nenad

Summary of December trading results is HERE (click to see)

aud/usd

Cheers and safe trading,

Nenad

Leave a Reply

Your email address will not be published. Required fields are marked *

5 keys how to instantly
improve your trading

Enter your email below and download the guide!

To get a discount on all my services open the account by clicking on XM banner below
Company

71-75, Shelton Street, Covent Garden, London, WC2H 9JQ

office@top-xe.com

Past perfomance is not indicative of future results. We don't offer refunds!

© 2023 TOP-XE | ALL RIGHTS RESERVED