AUDUSD: RISK APPETITE drives Aussie higher ?

FX:AUDUSD   Australian Dollar / U.S. Dollar
197 0 4
AUDUSD: I enter a fresh LONG position of AUDUSD             at current price.

Take profit at 0.9390 and stop loss at 0.9310

Indeed, I open this trade totally base on : RISK APPETITE

I expect risk appetite will drive AUDUSD             higher to 0.94 level and because of lacking US economic data + profit taking, traders will choose AUD to buy.

Technical Analysis:
- I see two patterns I show on the chart:

+ Double Bottom pattern.
+ Head and Shoulder pattern.

No matter what you choose what pattern, the price also broke the neckline in both pattern, and this is the BUY signal.

Thus, I decide to take risk. BUY AUDUSD             to 0.9390.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out