AUDUSD 10/04/17
Just my idea and analysis on the pair for the upcoming week, but on the 4 hr chart.
Looks like the beginning of an inverse head and shoulders pattern.
The RSI and Stochastic indicators both indicate that it is in oversold territory, and is due for a move upwards.
The key to this trade will be the current support line not being broken and a strong move up after it.
Will be looking to buy at the 0.74990 mark if the close if not below the support line.
Would need to see a strong movement upwards to be able to fulfill this idea so trade carefully guys :)
Looks like the beginning of an inverse head and shoulders pattern.
The RSI and Stochastic indicators both indicate that it is in oversold territory, and is due for a move upwards.
The key to this trade will be the current support line not being broken and a strong move up after it.
Will be looking to buy at the 0.74990 mark if the close if not below the support line.
- SL would be set at the next support line at 0.7465
- 1st TP would be at the first resistance at 0.7585
- 2nd TP would be set at 0.7670
Would need to see a strong movement upwards to be able to fulfill this idea so trade carefully guys :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.