AUD/USD moving within a range, chance for the buyers?
Dear traders, in my previous AUD/USD analysis, I recommended selling AUD/USD
at the 0.7815 resistance level. As you can see price dropped exactly from the resistance
level and hit the 0.77 support. So, the sell trade gave us 110+ pips.
(Previous idea attached below for reference)
Currently, price is at the support level and the last 4 hour candle shows bears losing momentum.
So, if there is bullish price action at this support level, there is a chance for the buyers.
A buy at the 0.77 support level with 0.7810 as Target would be a potential trade for the buyers.
at the 0.7815 resistance level. As you can see price dropped exactly from the resistance
level and hit the 0.77 support. So, the sell trade gave us 110+ pips.
(Previous idea attached below for reference)
Currently, price is at the support level and the last 4 hour candle shows bears losing momentum.
So, if there is bullish price action at this support level, there is a chance for the buyers.
A buy at the 0.77 support level with 0.7810 as Target would be a potential trade for the buyers.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.