AUDUSD and NZDUSD: Weekly uptrend in place after W bottom
Updated
Analysis on chart.
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.
Good luck,
Ivan Labrie
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.
Good luck,
Ivan Labrie
Comment
Almost 100 pips up since publication.Comment
Trail stop using a 10 period moving average of the lows or the 4 period moving average of the range (HL2).Comment
Comment
Good retracement buy!Comment
Added to longs on retrace. Optimal today.Trade active
On track.
Comment
(We can trail stops to 0.6695.)Comment
Might be wise to book some profits and place stop at entry price for the rest of this move.Comment
Minimal dent on NZDUSD, AUDUSD looks simply too weak.Comment
Safer to close NZDUSD long and wait.
Comment
3.6R long.Trade active
Taking AUDUSD for a spin here.Comment
We trailed stop with our group and have orders to add to it.Comment
Had added at 0.72191, stop 0.71894, closed half at 0.7249.
NZDUSD, I bought 0.67733, stop 0.67594 and closed all at 0.68199.
Comment
You can add to AUD again...weekly uptrend will confirm by this week's close...
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