AUDUSD - My Long Setup Example
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Your interest motivates me:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
This is my long setup using FIB levels.
Limit orders are not best practice for me, FYI.
I will wait for price to come to me and monitor reaction, rejection, candle stick confirmations etc.
My Stop Loss is below structure support which allow for fake outs.
Price might not even reach my first order in this case, but you get the idea, I'm sure.
KEYNOTE:
This is NFP Week, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Your interest motivates me:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
This is my long setup using FIB levels.
Limit orders are not best practice for me, FYI.
I will wait for price to come to me and monitor reaction, rejection, candle stick confirmations etc.
My Stop Loss is below structure support which allow for fake outs.
Price might not even reach my first order in this case, but you get the idea, I'm sure.
KEYNOTE:
This is NFP Week, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
Note
Price might still come down to indicated order level(s)...
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