Is it time to buy AUDUSD?

Güncellendi
Hey Everyone!

Let's see a scenario for AUDUSD LONG.

  • Very strong support/resistance @0.745 - white line
  • An upward movement for 7+ days
  • A valid trendline that holds the price


Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.

The safest place to enter is above the green line at around 0.7475

I will update you as soon as a trade is taken on this pair.
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Price is coming towards our entry point.
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I entered AUDUSD long @0.74557
İşlem aktif
Entry: @0.74557
S/L: 20pips away
T/P: 45 pips away

looking for only 1:2+ RR
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1:1RR has achieved; moving on to 1:1.5RR
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The trade looks like it has hit the top for now. Position is not in risk anymore, if 1:1.5RR is reached I close it.
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AUDUSD has reached the 1:1.5RR
İşlem kapandı: hedefe ulaştı
The 1:1.5RR has been reached.
audaustrailianaususdLONGpositiontechnicaltechnical_analysisTechnical AnalysistradeUSD

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