AUDUSD Looking for mean reversion trade (SHORT TERM)
Updated
Daily Chart seems over extended using 200sma Bollinger Band and RSI reacting at 25 oversold level although this could still push lower. If my predictions is right that the price could pull back to at least close to mean there could be an opportunity for a trade
1hour execution timeframe I waited a pullback to a 61.8 fib from the range also at the rsi 100sma pull back for confluence
1hour execution timeframe I waited a pullback to a 61.8 fib from the range also at the rsi 100sma pull back for confluence
Trade active
PROTECTING TRADE NOW AS WE ARE STILL GENERALLY ON A DOWNTREND AND WE ARE JUST SPECULATING THE CORRECTION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.