Yuriy_Bishko
Long

AUD/USD has show Signal for Buy

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD made a fake break of key buy level 0.7325

Take a look on the chart, price bounced from weekly level. Also, currency rate was near that level 14 months ago. Big players respect such levels. Because many retail traders hide theirs loses under it. Which become fuel for market makers when they hit it.

Open buy near 0.7340 – 0.7360
S/L: 0.7310
Goal: 0.7629

Trade active: I opened the 2nd buy at 0.7356.
D1 close upper key level. That`s why I reopen a position. Also, the price hit my S/L yesterday.
Comment: You can move S/L on AUD/USD into breakeven because currency rate can make a pullback
Trade active: After consolidation, I think the price will move up.
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Comments

Hello sir
I have opened a buy position at .7392 and price now @ .74022, do you thinl it will retrace to the entry point you mentioned?
Should i take current profit and wait for retracment? Thx
Reply
@Galtamimi, AS you see the price made fake broke of 0.7329

I give a recommendation for my students only.
Reply
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