#12 AUDUSD (Long and Short Idea)
Hi everyone! I'm excited to share my latest trade idea with you. With the right proper management strategy these trades can turn out great. So, let's start looking at this trade.
As you can see on the chart, the price bounced right at the 2023 open price. A broader perspective can be seen below.
On February 2, the price was able to penetrate the supply zone which is above the 2020 open price (white arrow),
which might be used as an indication that the price will head towards the 2022 open price.
Last week, the price plunged towards the 2023 open price and bounced right above it after previously being unable to close at the 2020 open price.
But, here I see the price is not bouncing on the demand zone that I have marked before.
In this pair, there are several places that I think are good for opening positions.
Numbers 1 and 2 are for short positions, and numbers 3 and 4 are for long positions.
Note:
This trade idea is only according to my personal perspective, which of course can be positive or negative, so be wise and don't just blindly believe in this idea. When considering to trade, it is important to take your time and do your research and be aware of your personal emotions and biases when entering into any trades.
Good Luck!
As you can see on the chart, the price bounced right at the 2023 open price. A broader perspective can be seen below.
On February 2, the price was able to penetrate the supply zone which is above the 2020 open price (white arrow),
which might be used as an indication that the price will head towards the 2022 open price.
Last week, the price plunged towards the 2023 open price and bounced right above it after previously being unable to close at the 2020 open price.
But, here I see the price is not bouncing on the demand zone that I have marked before.
In this pair, there are several places that I think are good for opening positions.
Numbers 1 and 2 are for short positions, and numbers 3 and 4 are for long positions.
Note:
This trade idea is only according to my personal perspective, which of course can be positive or negative, so be wise and don't just blindly believe in this idea. When considering to trade, it is important to take your time and do your research and be aware of your personal emotions and biases when entering into any trades.
Good Luck!
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