Hello Traders!,
Hope everyone has had a good start to the week! The market is full of opportunities this week and today we're looking at a possible BUY opportunity for AUD/USD
What Is The Market Telling Us?
When Should We Enter?
Hope everyone has had a good start to the week! The market is full of opportunities this week and today we're looking at a possible BUY opportunity for AUD/USD
What Is The Market Telling Us?
- We can see price has been ranging between our channel while making higher lows off our trendline support
- Bullish MA crossover adds confluence to our BUY bias as we await a breakout of our channel
- Retracement phase seems to be over due to bullish engulfing candle on the D1 timeframe
When Should We Enter?
- In this scenario we are looking for a breakout of our channel followed by a retest/retracement, once we have bullish confirmation, we look for BUYS
- Our channel resistance may hold and bring us back down to our channel support, if this occurs, look for short-term BUYS off channel support
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.