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.
Trade chiuso: stop raggiunto
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.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.