Audusddaily
AUDUSD Daily Chart ShortLong positions entered at DAILY SMA600 and they close a big part of the Profit at Daily SMA300
So I expect a down move next week before the up move can continue.
Also, there are more 4 indicators like Bollinger Band, Stochastic Oscillator that show that next week needs to be some down movement, the stop loss I suggest is big enough to handle a sneak attack to a new high.
AUDUSD ShortWhat we see here is quite clear as price bouncing inside uptrend channel, clearly price making higher high higher lows,
What we expect is to price to make new higher high on our resistance and trend line then nicely we can open 1:5 R:R position as shown one the chart,
Very clear setup,
Any question comment bellow
@FxShzd
Expecting an uptrend in AUDUSDAUD/USD appears to be bottoming out and we might see a strong uptrend in the coming weeks.
My preferred strategy is to buy the dips in AUD/USD.
I recommend buying any dips in AUD/USD between 0.7430-0.7465 with SL below 0.74 and initial
TP at 0.7560. Long term traders can target the 0.78 area as TP
AUDUSD AnalysisGrey Lines- 1D
Blue Lines- 4H
Market made a H&S Pattern and broke the strong zone and now doing retesting. Now we have to sit back and wait for market to break it Trendline of D1.
As we can see on AUD is 0.78% strong against USD and Total long positions right now 15365 with 77% Yet short percentage is 23% Only with 7482 Positions.
Hold your beers and wait for market strong move.
GoodLuck Fam ♥