Trade (1)
Entry Type : Market Buy @ 74.000
Stop Loss : 72.900
Take Profit : 80.500
R/R : 5.91
R/R % : 0.50% / 2.45%
Technical Analysis:
Price Action has bottomed at 70.000 with a long wick into the psychological supply zone which is highlighted. Post wick and liquidity pull we can see price move up creating a series of higher highs and higher lows. We now look to break and retest 74.000 after multiple rejections on our 50.0 Fibonacci level on our smaller timeframe uptrend. My ultimate target for price is 80.500.
I'm switching my bias to bullish across the board for AUD pairs and XAUUSD into 2020.
Entry Type : Market Buy @ 74.000
Stop Loss : 72.900
Take Profit : 80.500
R/R : 5.91
R/R % : 0.50% / 2.45%
Technical Analysis:
Price Action has bottomed at 70.000 with a long wick into the psychological supply zone which is highlighted. Post wick and liquidity pull we can see price move up creating a series of higher highs and higher lows. We now look to break and retest 74.000 after multiple rejections on our 50.0 Fibonacci level on our smaller timeframe uptrend. My ultimate target for price is 80.500.
I'm switching my bias to bullish across the board for AUD pairs and XAUUSD into 2020.
Comment:
SL moved to BE after roughly 6pips of profit. Saw a 15m doji form and covered stop.
Trade closed: stop reached:
Trade hit SL at BE