BluetonaFX - AUDUSD Support Rejection LONG Idea
Hi Traders!
AUDUSD has been very bearish over the past couple of months, and there is a possibility that the market is now oversold. Looking at the price action on the 1D chart, we have have highlighted the price rejection at the support area between 0.63847 and 0.63575.
There is a likely pullback incoming due to the market holding above the support area, and our view is now bullish. We are looking for a momentum break above our 20 EMA for a confirmation signal and will look to exit at the first resistance area between 0.64981 and 0.65233. Above the first resistance area is the second resistance area between 0.65767 and 0.66019.
Trade safely and responsibly.
BluetonaFX
AUDUSD has been very bearish over the past couple of months, and there is a possibility that the market is now oversold. Looking at the price action on the 1D chart, we have have highlighted the price rejection at the support area between 0.63847 and 0.63575.
There is a likely pullback incoming due to the market holding above the support area, and our view is now bullish. We are looking for a momentum break above our 20 EMA for a confirmation signal and will look to exit at the first resistance area between 0.64981 and 0.65233. Above the first resistance area is the second resistance area between 0.65767 and 0.66019.
Trade safely and responsibly.
BluetonaFX
Transaction en cours
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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.