⭕️BUY AUDUSD at the right place ❗️
⭕️You see the analysis of the Australian dollar against the US dollar in four hours(AUDUSD , H4)🔎
🔰BUY Limit AUDUSD at 0.74000
✅TP ; 0.76500
❌SL ; 0.73450
🔰Due to the breaking of the four-hour downtrend line (white line), we are waiting for the price pullback to the trend line areas. The range from which the price can return and resume its uptrend is indicated by two support lines (orange) and the support range (purple)🧐
The target is also placed in the purple resistance range❗️
The profit and loss limits are specified in the image👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
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Audanalysis
💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
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AUD Update 10.24.2020The AUD has been a bit of a mixed bag recently and the USD volatility hasn't helped. The AUD had 2 strong sell-offs and is trying to find balance again. This recent move to the upside is well consolidated, but it's a pretty sharp move. We could see another short term sell-off before reaching new highs.
The AUD has an over-all bearish bias. Expect the sell-offs to have more momentum.