AUDUSD Very low risk trades
AUDUSD hit Support (1) and is rebounding.
The Fibonacci levels align almost perfectly with Support-Resistance levels.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
2. Sell if it closes under Support (1).
Targets:
1. 0.67850 (Resistance 1)
2. 0.65700 (Support 2).
Tips:
1. The RSI (4h) hit the 25-day Falling Support. This is an additional buy indicator for as long as it holds.
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The Fibonacci levels align almost perfectly with Support-Resistance levels.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
2. Sell if it closes under Support (1).
Targets:
1. 0.67850 (Resistance 1)
2. 0.65700 (Support 2).
Tips:
1. The RSI (4h) hit the 25-day Falling Support. This is an additional buy indicator for as long as it holds.
Please like, follow and comment!!
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