Hi Traders
From the current price chart, I am using two indicators to indicate where the direction will go:
Although there is no vital news from both sides (Aussie and US) for today and tomorrow (except the information of New Home Sales in the US), the price could touch 0.64550.
From the current price chart, I am using two indicators to indicate where the direction will go:
- The first one is Bollinger Bands, with a period value 50 and a deviation of 1.0. By using this indicator, we can see the trend could be uptrend for a while between periods of 1H - 4H
- The second one is using RSI as a basic approach.
Although there is no vital news from both sides (Aussie and US) for today and tomorrow (except the information of New Home Sales in the US), the price could touch 0.64550.
Trade closed: stop reached
