AUD/USD Currently Long but may add to position
I am currently Long the AUD/USD. Position was taken at .7510. Signal was a pullback to the trend line combined with a divergent STOCH bottom. Targets are set near the trend line created by the most recent swing highs.
However, having looked at this more closely, I believe we may break through this line and complete a 1:1 move (that being of the most recent large measured move). If we get the 1:1 than that would take us to the 1.272 extension of that move. There is resistance there at which point we may see a nice pullback.
If the current trend line to the upside gets broke I will take this trade off and possibly reverse my position.
All of my trades can be discussed live over at twitch.tv/ghostdigg or on youtube with the same name. I usually stream from 5:00 CST - 11:00 CST M-F. Stop by and say hi to the group.
However, having looked at this more closely, I believe we may break through this line and complete a 1:1 move (that being of the most recent large measured move). If we get the 1:1 than that would take us to the 1.272 extension of that move. There is resistance there at which point we may see a nice pullback.
If the current trend line to the upside gets broke I will take this trade off and possibly reverse my position.
All of my trades can be discussed live over at twitch.tv/ghostdigg or on youtube with the same name. I usually stream from 5:00 CST - 11:00 CST M-F. Stop by and say hi to the group.
Nota
Looking at the price action on the smaller TF I have taken 1/2 of this position off at a 2:1 profit and moved my SL to break even. If price continues to trade above the current bullish trend line I will keep this trade on and shoot for .8110 area.Nota
Getting close to the upper trend line here. I will be watching this area closely for a possible rejection. If we manage to get through than .8110 is very possible.Nota
Closing the break of the hourly trend line.
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.