Hello traders, here we have a lovely AUDUSD Long trading idea here. We are aiming for 90 pips on our first TP with a risk of 30 pips making the first position 1:3 Risk:Reward. The second take profit is at 150 pips which makes the R:R 1:5!
If you want to see more content like this then be sure to like and comment! It really means a lot thanks!
Affter price hit out take profit at resistance level, a gravestone doji formed at the resistance point, we can sell upon the close of the current candle stick on the 1hr time frame to the support level. tell me what you think. apply good management tho.
Looking short for a 150-200 pip target. Strong resistance level, howeverm if price breaches and closes above the resistance with strong bullish PA, then the setup will no longer be valid.
Please also understand this is a forecast and entries will be anticipated on the smaller timer frames and subject to risk and money management.
GBP in all time lows, break of formation trend-line plus a nice support zone formed! Going long here after confirmation in candles for a good entry maybe at 1.1550! keeping an eye on this one!
What you think? Let me know in the coments!!
Also dont forget to join me on telegram if you wish to talk about my analysis! t.me/tradingbayfx
Price is still consolidating as i see it! And next move down could come any time soon! Later todar we have NZD CPI and that could trigger the so waited down movement! Right now price is respecting this zone with a megaphone pattern !
Entering short here with 40pips SL !
What do you think?? Care to comment? join me on telegram so we can discuss other analysis...
We have a nice setup going long here if we see a good candle closure above the trend line formed by the two previous spikes! i would like to see the daily candle closing above 1.0320! On the other hand, if price breaks below the trend line, we could see a nice rally all the way to 1.0200 ! That would be very interesting aswell! Now we wait!
What you thik?? Let...