AUDUSD Planning For Short Term Probability Price Move
I reckon if the price will rise back around the weekly pivot point level and then break through it with good momentum it might be a good plan to risk on short term bull bias. If Price rises back upward harder and then breach through the weekly pivot point (blue zone) we can expect from price aftermath head around R1 (red zone).
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. Past performance is not indicative of future results. The high degree
of leverage can work against you as well as for you. Before deciding to invest in foreign
exchange you should carefully consider your investment objectives, level of experience,
and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to
lose.
FOREX DISCLAIMER
Trading foreign exchange on margin carries a high level of risk, and may not be suitable
for all investors. Past performance is not indicative of future results. The high degree
of leverage can work against you as well as for you. Before deciding to invest in foreign
exchange you should carefully consider your investment objectives, level of experience,
and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to
lose.
Comment:
Comment:
Bounce from the S1 and breached through the blue zone. If this zone act as support then the price may prolly chase the red zone.
Comment:
In a 4hour perspective. www.tradingview.com/chart/eLzjioNH/
Trade closed: target reached
