Weekly scenarios on AUDUSD
After some pinbars on actual support (clustered with a weekly channel), I expect some bullish strength. But the price has also broken an up trendline (purple diagonal rectangle). So there are my plans.
1. Seeking daily and hourly buy signals to target 0.765, 0.78 and then 0.81.
2. After the pullback on 0.765-0.78 (I'd prefer 0.78), I will seek sell signals on daily and hourly timeframes. Targets are : 0.75 - 0.733/0.738 - 0.72 - 0.69
1. Seeking daily and hourly buy signals to target 0.765, 0.78 and then 0.81.
2. After the pullback on 0.765-0.78 (I'd prefer 0.78), I will seek sell signals on daily and hourly timeframes. Targets are : 0.75 - 0.733/0.738 - 0.72 - 0.69
Note
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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.