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MEX_Exchange

AUDUSD approaching profit target nicely, prepare to buy

Panjang
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
MEX_Exchange  
FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD audusdshort audusdlong audusdforecast audusdsignal audusdsell audusd_short audusddaily forexsignals
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trendanalysis harmonicpatterns chartpattern audusd audusdshort audusdlong audusdforecast audusdsignal audusdsell audusd_short audusddaily forexsignals
Buy above 0.7537. Stop loss at 0.7496. Take profit at 0.7629.
Reason for the trading strategy (technically):
Price has continued its drop perfectly towards our profit target. We look to buy above major support at 0.7537 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7629 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is seeing support above 1.3% where we expect a corresponding bounce from.
Penafian

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