Potential Long Position for AUD/USD_Trade Plan 2017.08.03

46
syot kilat

Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level

D1 and H4 are both show the overall trend is still up with price holding above MA200.
Currently, price just broke down the confluences of support area around 0.79557 - 0.79696 (Price Structure, Up Trendline).

Trade Plan:
If price continues its pull back to the next confluences of support area around 0.78751 - 0.78899 (Price Structure, MA100, Fibo Ret 38.2%) and rejected up, long the market to follow the potential uptrend continuation.
With Stop Loss 45 pips and Target Profit 135 pips, the potential trade offers 3.00 Reward-to-Risk Ratio.
As an alternative, can utilize trailing stop to ride the trend continuation.

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.