AUDUSD, Forecast next week !

Australian Dollar/U.S. DollarFXCM

Description

⋅ Aug 19, 2018 5:25 AM

D1:
- Structure: Downtrend
- Prior tendency: sideway but broken
- Closed below resistance
--> Waiting confirmation --> Sell

⋅ Aug 20, 2018 1:43 AM

⋅ Aug 21, 2018 8:41 AM

If Buy:
Take profit 1/2 volume, move stoploss to entry

Comments

ahmedzahid2799

⋅ Aug 22, 2018 11:37 AM

?would you recommend sell AUDUSD? targetting 0.73?

DatTong

⋅ Aug 22, 2018 11:46 AM

@ahmedzahid2799, not now, wait for reversal candle at the expected zone

ahmedzahid2799

⋅ Aug 22, 2018 11:57 AM

@DatTong, thanks a lot.. is the expected zone just under 0.74?

DatTong

⋅ Aug 22, 2018 12:24 PM

@ahmedzahid2799, yeah it's a zone around that number, could be a bit higher but not so much lower till candle forms, no good candle--> no trade