Currently trading in range there is potential AUD bounce around demand zone.
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Pattern is being completed at 0.6720 level.
We'll monitor the area for bullish signal and long it as close as possible to the level.
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AUDUSD is approaching its resistance at 0.67490 where it is could reverse down to its support at 0.68130.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
A Bat pattern form up for a CounterTrend trading opportunity. A potential trend extension as the market has broken the trendline on 4-hourly but note that on the daily chart it wasn't broken. Check your data
Pending Order is set and decision on target extension will be made when market hit the default target2
hola traders como vemos el patron de continuidad está respetando la linea de tendencia alcista y tambien tercer toque en retroceso en forma de bandera, vamos a buscar 2 objetivos, excelente estructura. paciencia!
AUDUSD is in a channel on the 1 HR Timeframe. I would not trade solely on this pattern HOWEVER the price is also nearing a zone/support and the Rsi/stochastic is below the 30 level just backing up the long bias. Enter only if we can get a 3rd confirmation such as a Candlestick pattern (engulfing/doji)
SL is 15 pips TP is 80
1/5 Risk to Reward...
AUDUSD is in a long term bear trend , but with some retracements within the process. Of course the sentiment is bearish that is why I put a short stop at 0.6730 with stop loss at 0.6750 but in case we have an uptrend the confirmation of that occurs at 0.6820 with stop loss at 0.68.