Hello,
This is a long term opportunity on the AUD/USD currency pair. The price has already reached a strong weekly resistance area and went down from it. It is currently standing inside of an H4 trend channel, which gives us a great opportunity to look for future developments. In my opinion the pair will move once more up to the weekly resistance area, before going down and breaking the trend channel. My long term views for the pair are that it will go down after the break of the trend channel, thus filling up our Sell Zone 1 and reaching our Target 1 level. From there we might see a correction and another nice down swing going inside of our Sell Zone 2 and hopefully reaching all the way down to the Target 2 level. Keep the pair in mind this week, because we might see the break of the trend channel this week. The plan is made on the H4 time frame, but will be traded on the M30 time frame thus giving us a better entries and SL placements. Follow up on Twitter for Live Signals based on the plan. Below you can find the Sell Zones in numbers:
Sell zone 1: 0.7960 to 0.7825
Sell zone 2: 0.7790 to 0.7615
Good luck and may the pips be with you! :)
This is a long term opportunity on the AUD/USD currency pair. The price has already reached a strong weekly resistance area and went down from it. It is currently standing inside of an H4 trend channel, which gives us a great opportunity to look for future developments. In my opinion the pair will move once more up to the weekly resistance area, before going down and breaking the trend channel. My long term views for the pair are that it will go down after the break of the trend channel, thus filling up our Sell Zone 1 and reaching our Target 1 level. From there we might see a correction and another nice down swing going inside of our Sell Zone 2 and hopefully reaching all the way down to the Target 2 level. Keep the pair in mind this week, because we might see the break of the trend channel this week. The plan is made on the H4 time frame, but will be traded on the M30 time frame thus giving us a better entries and SL placements. Follow up on Twitter for Live Signals based on the plan. Below you can find the Sell Zones in numbers:
Sell zone 1: 0.7960 to 0.7825
Sell zone 2: 0.7790 to 0.7615
Good luck and may the pips be with you! :)
Comment:
Our first Sell Zone was covered and the price is currently in the second Sell zone. Looking for Sell signals. Follow us on Twitter for Live Signals based on my trading plans.
Order cancelled:
Plan covered both our Sell Zones.