BestForexTradingSignals

AUDUSD - 5 Reasons For A Daytrade Buy!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Buy #AUDUSD Plan

First Entry was at 0.7381
Second Entry is pending order at 0.7364
Stop is at 0.7335
Target is at 0.7425

I have 5 reasons to buy AUDUSD for a daytrade.

1. Currency Strength Meter AUD is strong USD is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bullish Divergence Signal

The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.

like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.