Is it time to buy AUDUSD?
Updated
Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
Let's see a scenario for AUDUSD LONG.
- Very strong support/resistance @0.745 - white line
- An upward movement for 7+ days
- A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
Comment
Price is coming towards our entry point.Comment
I entered AUDUSD long @0.74557Trade active
Entry: @0.74557S/L: 20pips away
T/P: 45 pips away
looking for only 1:2+ RR
Comment
1:1RR has achieved; moving on to 1:1.5RRComment
The trade looks like it has hit the top for now. Position is not in risk anymore, if 1:1.5RR is reached I close it.Comment
AUDUSD has reached the 1:1.5RRTrade closed: target reached
The 1:1.5RR has been reached.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.