Jack_Le
Long

AUDUSD WAITING FOR BUY ENTRY ON H4 PART 2

FX:AUDUSD   Australian Dollar / U.S. Dollar
We have bought AUDUSD at 0.687x and fortunately, it made a good bounce :) from our entry.
What's next, now we are waiting for price action at 0.691-693 to confirm the low of the daily chart .

Weekly Support Zone
Waiting for a Bullish Signals => BUY

Plan 1: Buy AUDUSD 0.686 - 0.688
TP1: 0.693 TP2: 0.70
SL: 0.685

NOTE: All of my plans, you have to be patient to wait for the price close to the EXPECTED ZONE. Then you should WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe before EXECUTING ORDERS.
Please LIKE and Leave a COMMENT!
Comment: First time to touch EMA 100 on the H1 chart.
Short-term target is 0.691x with 40+ pips from our entry
Comment: A bit rejection from 0.693x, RS on H4 chart
Comment: Assume 0.686x is the big reversal point, 0.689 - 0.6905 must be held
and we will make HIGHER HIGH very soon
Comment: Good news about election could not boost Aud.
Now we will trade inside this range.
Comment: Great Reward/Risk ratio to BUY
Comment:
Comment:
Comment: This range trading works very well:)
Comment: Now i think it will test 0.689 - 0.69 again
Comment: Failed at level 0.6905 again
Comment: The price went up and down in the range with the target of this swing is 0.693
It is called sideway structure, quite boring but safe profit :). Note that we only go Buying not Short-Selling
Comment: Going up as planned
Comment: First target reached. Now waiting for price action at this zone
Comment:
Comment:
Comment: Still in the support zone but it looks quite weak
Comment: Range trading again
Comment: 30 pips done
Comment: Next target 0.697
Comment: Almost reach target
Comment:
Comment: This analysis took too long so I will not update it anymore. If it makes a correction then I update you with another analysis.
Congrats followers for great trade again:).

Comments

Good trade profit - thank you.
Reply
Jack_Le mikejd
@mikejd, cheers
Reply
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