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For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators.
After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before.
I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell.
I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free.
I expect a Sell to the support area of 81.877.
*** THIS IS NOT FINANCIAL ADVICE ***
For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators.
After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before.
I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell.
I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free.
I expect a Sell to the support area of 81.877.
*** THIS IS NOT FINANCIAL ADVICE ***
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。