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Rockqet
May 24, 2023 6:22 AM

AUDUSD H4 | A A bounce off 1st support? Long

Australian Dollar/U.S. DollarFXCM

Description

Based on the H4 chart analysis, we can see that, price is falling to our buy entry at 0.6575 which is a swing low support level. Our take profit will be at 0.6606 which is a pullback resistance level. Stop loss will be at 0.6523 which is an overlap support.


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Comments
swftysloth
was hoping for a retest of the break out from the decending symetrical triangle, ut it went all the way to the low instead. this was 1 of 4 of my ideas too. what kind of price action will decide your long?
swftysloth
@swftysloth, im thinking 655 for my entry based of a trend line?
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