After a strong bullish move, AUD/USD is ready for another leg of bullish run.
Bullish Indications:
- Previous Bullish Impulse and accurate fib retracement
- Strong Liquidity Zone, indicating good support level which is also fib 0.5 level
- Volume decreasing with decreasing prices which indicate change of direction
- Previous consolidation on these levels with volumes
Entry: 0.70665
TP: 0.72087
Stop Loss: 0.70195
Risk: 0.4%
RR: 1:3
If it breaks the stop loss it would turn bearish and move towards deeper corrections. Short positions can be planned in that scenario.
Disclaimer: Trade as per own risk management. This is not a financial advice.
Bullish Indications:
- Previous Bullish Impulse and accurate fib retracement
- Strong Liquidity Zone, indicating good support level which is also fib 0.5 level
- Volume decreasing with decreasing prices which indicate change of direction
- Previous consolidation on these levels with volumes
Entry: 0.70665
TP: 0.72087
Stop Loss: 0.70195
Risk: 0.4%
RR: 1:3
If it breaks the stop loss it would turn bearish and move towards deeper corrections. Short positions can be planned in that scenario.
Disclaimer: Trade as per own risk management. This is not a financial advice.
Trading ditutup: stop tercapai
The liquidity zone did not prove to be a good support and stop was reached. Another impact came from the breakdown of negotiations. Will reattempt if there is a good set up and risk on environment develops.
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.