Position: Long
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern.
3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly.
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern.
3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly.
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Nota
Here we have some fundamental insights to support this idea. fxstreet.com/news/aud-usd-gathers-strength-above-06630-on-weaker-us-dollar-202405262311
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.