AU D Buy Idea 5/8/24
Updated
Daily bearish trendline has broken and is now being retesting, so I am now looking at buys.
There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.
This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.
This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Note
1:3.8RR completed Note
1:5.1RR completed Trade active
1:22.8RR completed Trade active
In my opinion, buys are still currently valid. Price is currently in a bit of consolidation, so we will have to wait and see what this week has in store.Trade active
Structure has not broken so I am still currently bullish from a higher time frame perspectiveTrade closed: target reached
TP -27 and -61.8 hit on this idea. I've been trading futures so I didn't make it to TP with this idea. BUT it did get there.
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