AUDUSD - Buy Stop
Updated
The dollar index is bullish and the australian dollar index is bearish which suggests that there should be bullish momemtum of AUDUSD pair.
The bullish divergence is also formed and the current price action is at 78% FIB retracement which further strengthens our idea. We'll go with two trades, first with TP1 and other we'll trail.
It is also likely that trade may not trigger and price forms another lower high which will also be a good sign to buy because of the strong support.
The bullish divergence is also formed and the current price action is at 78% FIB retracement which further strengthens our idea. We'll go with two trades, first with TP1 and other we'll trail.
It is also likely that trade may not trigger and price forms another lower high which will also be a good sign to buy because of the strong support.
Order cancelled
cancelled
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.