AUDUSD Strong Buy
Strong Buy AUDUSD!
Entry after a pullback in the area of 0.6720 and stop below 0.6665. The projection results in a target at 0.6900. (174 Pips)
Risk/Reward: 3.26
Reasons: Weekly Delta Positive and rising.
Lots of dormant liquidity in the area above 0.6900
Furthermore, the seasonal trend for the next 2 weeks shows strong support for the AUD!(5y)
Plus Lots of short traders trapped with stops in the 0.7150 area, which shows much higher potential for longer term positions in AUDUSD.
All of this would be confirmed if the AUD can establish itself above 0.6900
Entry after a pullback in the area of 0.6720 and stop below 0.6665. The projection results in a target at 0.6900. (174 Pips)
Risk/Reward: 3.26
Reasons: Weekly Delta Positive and rising.
Lots of dormant liquidity in the area above 0.6900
Furthermore, the seasonal trend for the next 2 weeks shows strong support for the AUD!(5y)
Plus Lots of short traders trapped with stops in the 0.7150 area, which shows much higher potential for longer term positions in AUDUSD.
All of this would be confirmed if the AUD can establish itself above 0.6900
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.
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.