Hi Traders,
Aussie Dollar is showing good opportunity for a buy, only if we get a pullback from 20 ema or a fake breakout of 1deviation bollinger band. If this condition is met, we have 2 price targets. if price fails to close above 1st target on the initial attempt,
it is safe to exit at this level. If price breaks through the 1st target the n its more likely to hit target 2. Its advisable to wait for next candle after the pullback to confirm the same.
Pls feel free to comment and like.
Aussie Dollar is showing good opportunity for a buy, only if we get a pullback from 20 ema or a fake breakout of 1deviation bollinger band. If this condition is met, we have 2 price targets. if price fails to close above 1st target on the initial attempt,
it is safe to exit at this level. If price breaks through the 1st target the n its more likely to hit target 2. Its advisable to wait for next candle after the pullback to confirm the same.
Pls feel free to comment and like.
Trade closed: target reached
Target 1 reached. Price didnt breakthrough the 1st target.So we book profit at Target1
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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.