AUDUSD TWO POSSIBILITIES
Hi traders,
The AUDUSD has gotten pretty close to the bullish trendline, that was initiated about 2 months ago.
I am waiting for 1 of 2 things to happen. The first one is an immediate bullish bounce at the trendline. The second one is a break through the trendline and then a retracement.
--------BULLISH--------
Entry: 0.74624
Stop: 0.73966
Target 1: 0.75586 = R:RR 1.53
Target 2: 0.76309 = R:RR 2.65
--------BEARISH--------
Entry: 0.74864
Stop: 0.75718
Target 1: 0.73398 = R:RR 1.72
Target 2: 0.72465 = R:RR 2.81
I will keep this updated as time progresses. Best of luck!
The AUDUSD has gotten pretty close to the bullish trendline, that was initiated about 2 months ago.
I am waiting for 1 of 2 things to happen. The first one is an immediate bullish bounce at the trendline. The second one is a break through the trendline and then a retracement.
--------BULLISH--------
Entry: 0.74624
Stop: 0.73966
Target 1: 0.75586 = R:RR 1.53
Target 2: 0.76309 = R:RR 2.65
--------BEARISH--------
Entry: 0.74864
Stop: 0.75718
Target 1: 0.73398 = R:RR 1.72
Target 2: 0.72465 = R:RR 2.81
I will keep this updated as time progresses. Best of luck!
Trade active
Note
Target 1 hit.Trade closed manually
Closing the remaining position at break-even before FOMC meeting.Order cancelled
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Related publications
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.