tradetoprofit

AUDUSD Setup - Trending Market to Relieve Swing Low

Long
OANDA:AUDUSD   Dollar Australien/Dollar Américain
Observe the major swing low in mid-July, that began from the top of the trend line of resistance. AUDUSD appears to be making a bullish trending market with the beginning series of Higher High's and Higher Low's . I do not currently believe we will hit another Higher High unless that trendline of resistance is broken, that would be a big push.

I am bullish on this pair at least up to 0.6900 , but not after that. From 0.6900 I forecast the pair to turn bearish again, as this is the macro trend. My entry at 0.6818 , SL at 0.6677 and TP at 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.