I believe there will be new bullish move in pairs that have USD as second currency such as AUDUSD, NZDUSD, GBPUSD.....
for example the above chart for daily AUDUSD. In order for bullish move to come true and to seek high probability to success in this trade there should be two conditions must be met.
then and only then the trader can go long in this pair for target 1 or 2 as take profit.
Good luck to you all.
for example the above chart for daily AUDUSD. In order for bullish move to come true and to seek high probability to success in this trade there should be two conditions must be met.
- First of which the price must go down to point C or near it.
- Second of which the price should go up in bullish move (entering trade) that met with other confirmation indicators such as MACD.
then and only then the trader can go long in this pair for target 1 or 2 as take profit.
Good luck to you all.
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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.