As usual - Do your own research, this is simply how I am perceiving the markets this week.
With the end of last week seeing some strong weekly moves to key areas; I think this week will provide some exciting opportunity to make some $$$
AU made a nice push to the upside before reaching some exhaustion/resistance areas under a weekly bearish trend line.
HH and HL have shown that AU may be in for a run upto the key 70C mark - and possibly further if the USD breaks down around the area we are currently at.
current @ 6850, this provides a great R:R opportunity for 150 pip move to the upside if entering longs @ current position.
A break and retest of the Trend line could also offer a second long chance for those who wish to wait for further confirmation of bullish sentiment with AUD.
Long @ 6850
stop @ 6820
TP @ 7000
Win / Lose I will provide an outcome once we reach stop or TP.
With the end of last week seeing some strong weekly moves to key areas; I think this week will provide some exciting opportunity to make some $$$
AU made a nice push to the upside before reaching some exhaustion/resistance areas under a weekly bearish trend line.
HH and HL have shown that AU may be in for a run upto the key 70C mark - and possibly further if the USD breaks down around the area we are currently at.
current @ 6850, this provides a great R:R opportunity for 150 pip move to the upside if entering longs @ current position.
A break and retest of the Trend line could also offer a second long chance for those who wish to wait for further confirmation of bullish sentiment with AUD.
Long @ 6850
stop @ 6820
TP @ 7000
Win / Lose I will provide an outcome once we reach stop or TP.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.