AUD/USD 4H Chart Analysis – Capturing the Upside Potential
We're currently analyzing the AUD/USD 4H chart, where a new BUY signal has been triggered, hinting at a potential upward move on Traders Journey Pro indicator.
Key Observations:
- BUY Signal: A BUY signal emerged at 0.66692, indicating a possible reversal from the recent downtrend.
- TP Zone: The Take Profit (TP) zone has been identified between 0.66930 and 0.67160, offering a potential gain of approximately 24 to 47 pips from the entry point.
- Market Structure: The price is holding above key support levels, and the market structure suggests a continued move toward the TP zone. Recent price action points to weakening bearish momentum as the price nears these levels.
Trading Plan:
- Bullish Scenario: Should the price continue to rise as expected, targeting the TP zone between 0.66930 and 0.67160 could present a favorable opportunity. Look for additional confirmations as the price approaches these targets.
- Risk Management: Stay flexible with risk management by adjusting positions based on new signals. Monitoring price action closely will help you adapt to any fluctuations and optimize entries and exits.
Important Note: This analysis serves as a trade idea. Be sure to integrate it into your overall trading strategy and perform your own analysis to align with your risk tolerance.
Stay alert and trade wisely!
Key Observations:
- BUY Signal: A BUY signal emerged at 0.66692, indicating a possible reversal from the recent downtrend.
- TP Zone: The Take Profit (TP) zone has been identified between 0.66930 and 0.67160, offering a potential gain of approximately 24 to 47 pips from the entry point.
- Market Structure: The price is holding above key support levels, and the market structure suggests a continued move toward the TP zone. Recent price action points to weakening bearish momentum as the price nears these levels.
Trading Plan:
- Bullish Scenario: Should the price continue to rise as expected, targeting the TP zone between 0.66930 and 0.67160 could present a favorable opportunity. Look for additional confirmations as the price approaches these targets.
- Risk Management: Stay flexible with risk management by adjusting positions based on new signals. Monitoring price action closely will help you adapt to any fluctuations and optimize entries and exits.
Important Note: This analysis serves as a trade idea. Be sure to integrate it into your overall trading strategy and perform your own analysis to align with your risk tolerance.
Stay alert and trade wisely!
Trade fermée: cible de profit atteinte
The AUD/USD BUY signal from 0.66692 has now reached TP1 at 0.66930, delivering a gain of 24 pips from the entry.
Next Steps:
Close All Profits: If you're satisfied with the current gains, this is a good point to close your trade and lock in the profits.
Hold with Adjustments: If you'd like to leave the trade open, consider moving your stop-loss to breakeven to protect your position and manage your risk effectively.
As always, be sure to incorporate this into your overall strategy and manage your risk accordingly.
Stay sharp and trade wisely!
Trade fermée: cible de profit atteinte
AUD/USD 4H Chart – TP2 Reached
Our AUD/USD BUY signal has now hit the second Take Profit (TP2) at 0.67160, giving a potential gain of 47 pips from the entry at 0.66692.
You can either:
Close your profits now, or
Hold the position and set a Stop Loss (SL) in profit to protect your gains.
Keep an eye on the market and manage your risk as needed. Well done!
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.