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BestForexTradingSignals
Mar 21, 2022 11:05 AM

AUDUSD - 5 Reasons For A Daytrade Buy! Long

Australian Dollar/U.S. DollarFXCM

Description

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.

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The trading strategy is fully explained in video below

Trade closed: target reached

Comments
Arii_V
Iam bearish on audusd, I have a shark pattern on h4/h1. Also, there is divergence with RSI 25 around 70 on 1h.
BestForexTradingSignals
@AriiValles, Good for you, I reached my target
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