AUDUSD
Currently in resistance but it is forming a higher low and higher high as such we are in view that this pair may want to retest the higher high before any swing confirmation.
Thus for intraday long, we are planning the following:
EP: 0.707
SL: 0.699
TP: 0.7165
As for the bigger swing perspective, we are seeing a possible 9mths swing towards the upside for this pair
If you have the patience and do not mind the negative swap now, you may want to look into longing this pair when it hits 0.698 - 0.7 area
With a SL of about 70pips, we are aiming a swing of about 1100pips
EP: 0.7
SL: 0.693
TP: 0.81
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Currently in resistance but it is forming a higher low and higher high as such we are in view that this pair may want to retest the higher high before any swing confirmation.
Thus for intraday long, we are planning the following:
EP: 0.707
SL: 0.699
TP: 0.7165
As for the bigger swing perspective, we are seeing a possible 9mths swing towards the upside for this pair
If you have the patience and do not mind the negative swap now, you may want to look into longing this pair when it hits 0.698 - 0.7 area
With a SL of about 70pips, we are aiming a swing of about 1100pips
EP: 0.7
SL: 0.693
TP: 0.81
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade closed: target reached:
Short term target reached despite not hitting our entry price
Nonetheless, we do see potential upside to this pair as it falls back to the support zone aka demand zone
EP: 0.709
SL: 0.702
TP: 0.723
Nonetheless, we do see potential upside to this pair as it falls back to the support zone aka demand zone
EP: 0.709
SL: 0.702
TP: 0.723
Comment:
Do refer:
Trade active