Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is testing major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing...
Buy above 0.7600. Stop loss at 0.7510. Take profit at 0.7790.
Reason for the trading strategy:
Price is bouncing nicely above our buying entry from last week. This week we remain bullish above 0.7600 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7790 resistance (Fibonacci extension, Horizontal resistance).
RSI (34) is seeing...
Buy above 0.7659. Stop loss at 0.7604. Take profit at 0.7780.
Reason for the trading strategy (technically):
Price is above major support at 0.7659 (Fibonacci retracement, horizontal overlap support, pullback support, ascending support) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection).
RSI (34) is seeing...
In my previous analysis, i discussed about buy setup on this pair. This pair followed that rally. Now this pair touched 200 ema on h4 and started falling from this EMA. Expecting some bearish movement on this pair.
Hello Everyone. AUDUSD is now following the pattern but as you all knows that We cant take any action until the pattern completes. So we really need to wait until it will come to the blue zone to buy thanks
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sorry for late post, some mod banned me for 3 days, i am already in this trade
