AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5
days. From here I expect a move toward the upper first and second VWAP lines and so will
take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP
+2) The stop loss will be under the mean VWAP at 0.6515.
days. From here I expect a move toward the upper first and second VWAP lines and so will
take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP
+2) The stop loss will be under the mean VWAP at 0.6515.
Note
Price moved up. Partial of 50% taken at the first target. Stop loss now above break-even. Profitable trade moving foward.Note
Price hit the higher target. 25% more taken off the table. Targeting 0.6625 to closethe trade.
Note
Price moving higher. Another 25% off the table.Trade closed: target reached
Closed on the reversal before the final target.
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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.