The FOMC saw stocks and risk on currencies strengthen after the decision from the FED.
We are seeing weakness in AUDUSD after this strong move.
RSI - H4, H1, M30 and M15 is overbought
Divergence - H1, M30 and M15.
There is a harmonic pattern at a higher level.
Stop loss above 0.7300
We are seeing weakness in AUDUSD after this strong move.
RSI - H4, H1, M30 and M15 is overbought
Divergence - H1, M30 and M15.
There is a harmonic pattern at a higher level.
Stop loss above 0.7300
Trade active
This trade worked out perfectly. Currently on 130 pips of profit. Took out half the position a bit early.05/05/22 DEAL AUD/USD Mini converted at 1.37078165 SD SD38.18
Funds: SD10,162.44
Trade closed: target reached
Held this trade for 170 pips. Expecting the pair to make a recovery so looking for short opportunity later on.06/05/22 DEAL AUD/USD Mini converted at 1.3809804 SD SD62.72
06/05/22 DEAL AUD/USD Mini converted at 1.3827515 SD SD44.61
Funds: SD10,293.33
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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.