See callout bubbles. The SGD likes to move in tandem with the USD, so if we're thinking long AUDUSD, we might as well be thinking long AUDSGD. Here is a nice place to possibly join the uptrend. I believe that this one has a lot of potential going for it, so let's hang in there and get that second target!
Always measure your risk and be okay with being wrong ; )
Always measure your risk and be okay with being wrong ; )
Comment:
AUD down today against SGD and USD. One thing I noticed today that I didn't mention is that we also have the 100EMA (6h) right smack in the middle of our highlighted zone.
Comment:
Price is moving sideways before our entry which is normally a No Go for me, however, because we have a nice looking zone with a strong move away, along with a 100EMA that is right inside our zone, I'm going to keep this entry open and see if we get the expected bounce in price.
As always... always measure your risk and be okay with being wrong ; )
As always... always measure your risk and be okay with being wrong ; )
Trade active:
The AUD found some weakness and we got our entry last night along with the bounce that we expected.
Let's see some more AUD strength and hit that first 2:1 target ; )
Let's see some more AUD strength and hit that first 2:1 target ; )
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