We can see in the following graph that the audusd is in a distinct downward trend, we see this for several reasons:
1. We are under any serious moving average ( 100, 200)
2. When we have a red cloud is a sign of a downward trend + when you are below the cloud it is a sign of a downward trend and when the blue line above the red is again a sign of a downward trend ( According to Ichimoku indicator)
3. You can see that Audusd has already tried to break the support already 3 times with no success and every time he touched support he went back up but every time it was smaller than the previous time.
Our recommendation is buying in the short term and selling in the longer term.
Buy AUD/USD:
Entry Price: 0.7040
Take Profit: 0.7130
Stop Loss: 0.6950
1. We are under any serious moving average ( 100, 200)
2. When we have a red cloud is a sign of a downward trend + when you are below the cloud it is a sign of a downward trend and when the blue line above the red is again a sign of a downward trend ( According to Ichimoku indicator)
3. You can see that Audusd has already tried to break the support already 3 times with no success and every time he touched support he went back up but every time it was smaller than the previous time.
Our recommendation is buying in the short term and selling in the longer term.
Buy AUD/USD:
Entry Price: 0.7040
Take Profit: 0.7130
Stop Loss: 0.6950
Trade closed: target reached
We are taking our benefits of 53 pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.