AUDUSD Weekly View: Profit target reached perfectly, go bullish
Buy above 0.7520. Stop loss at 0.7440. Take profit at 0.7730.
Reason for the trading strategy:
Price dropped perfectly as expected and reached our profit target. We now turn bullish above 0.7520 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7730 (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees long term ascending support holding price up.
Stochastic (21,5,3) sees long term support at 2.5% holding price up too.
Reason for the trading strategy:
Price dropped perfectly as expected and reached our profit target. We now turn bullish above 0.7520 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7730 (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees long term ascending support holding price up.
Stochastic (21,5,3) sees long term support at 2.5% holding price up too.
Publications connexes
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.
Publications connexes
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.