The 4 hour chart shows that the Aussie dollar is entering an uptrend. As long as the bottom
parallel line holds, we could be on to a winner here!
So far it seems plain & simple, & sometimes these are the best trades!
The MACD (moving average convergence divergence) is on the point of crossing which adds
even more confirmation to a buy signal.
As always protective stop should be placed below the bottom trendline in case it is broken.
For now I'm sticking with the trend.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
parallel line holds, we could be on to a winner here!
So far it seems plain & simple, & sometimes these are the best trades!
The MACD (moving average convergence divergence) is on the point of crossing which adds
even more confirmation to a buy signal.
As always protective stop should be placed below the bottom trendline in case it is broken.
For now I'm sticking with the trend.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
