In general I'm kind of sceptical to the AUD right now. The economy is in a dubious situation, employment and mortgages are not uplifting. But let's not worry about this right now!
This is a mean-reversion trade setup, with AUD bouncing for the edge of its range. Price action has been forming a wedge for a while now, so breakout might come in the next week or two, but I think we still got a few bounces left in the range.
Trade:
- Bounce from resistance
- Stoch and RSI showing clear oversold
- Smaller move inside range on monday.
This setup is good for a scalp, not more.
This is a mean-reversion trade setup, with AUD bouncing for the edge of its range. Price action has been forming a wedge for a while now, so breakout might come in the next week or two, but I think we still got a few bounces left in the range.
Trade:
- Bounce from resistance
- Stoch and RSI showing clear oversold
- Smaller move inside range on monday.
This setup is good for a scalp, not more.
Nota
So slight downside today, we're through horisontal resistance down to bottom of sloping channel. I'm starting so see some divergence on the 30m so expecting a rebound tomorrow. Let's see.Nota
No! This looks like a breakout. Interesting though!
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.