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AUDUSD Long Opportunity
Australian Dollar / U.S. Dollar
Long
AUDUSD Long Opportunity
By thekwest
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Aug 22, 2016
4
1
1
Aug 22, 2016
AUDUSD is finding support at the 200 EMA on the 4hr chart.
Reasons for going long:
- 200 EMA Support
- Trendline Support
We will need to wait for the current 4hr candle to close & ensure there is bullish price action.
Stop
- Below recent swing low: 0.7575
Profit Target (1:3)
- Look for a 1:3 Risk: Reward: aim around 0.7675
For more insights go to:
fxcoach.tv
aud
AUDUSD
LONG
USD
thekwest
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