On the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded
VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.
The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.
Another good sign is price is approaching a volume void /gap on the volume profile. Finally
there was a mild volume spike when price reversed from the bottom of the high volume area on
the profile. I am looking for rising price action in the intraday upcoming once both London
and New York sessions are overlapping.
VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.
The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.
Another good sign is price is approaching a volume void /gap on the volume profile. Finally
there was a mild volume spike when price reversed from the bottom of the high volume area on
the profile. I am looking for rising price action in the intraday upcoming once both London
and New York sessions are overlapping.
Trade active
AUDUSD had a nice green engulfing bar a 1% pop amplified by 500:1 leverage
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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.