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theforexarmy

AUDUSD Weekly View: Bouncing nicely, remain bullish

Panjang
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
theforexarmy  
FX:AUDUSD   Dolar Australia / Dolar A.S.
AUDUSD audusdshort audusdidea audusddaily audusdnews audusdlong USD aud audusdanalysis audusd1hr audusdlongsetup audusdsell audusdforecast
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audusd audusdshort audusdidea audusddaily audusdnews audusdlong usd aud audusdanalysis audusd1hr audusdlongsetup audusdsell audusdforecast
Buy above 0.7600. Stop loss at 0.7510. Take profit at 0.7790.
Reason for the trading strategy:
Price is bouncing nicely above our buying entry from last week. This week we remain bullish above 0.7600 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7790 resistance (Fibonacci extension, Horizontal resistance).

RSI (34) is seeing support at the 53% level which would hold price up.

Idea Berkaitan

theforexarmy
AUDUSD above major support, remain bullish
theforexarmy
AUDUSD above major support, turn bullish for a strong push up
Penafian

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