Aussie Dollar is making nice bullish waves on the 4hr and daily timeframe. I am looking to capitalise on this and enter another long position on the nexxt higher low that forms.
I have a few confluences to look for.
1 - previous support/resistance zone on the last highs (coloured box)
2- Bullish trendline
3- Fib retracement levels (0.618 is in the coloured box support zone)
Entry upon rejections of the fib 0.618 and support zone or the fib 0.786 level and trendline.
I have a few confluences to look for.
1 - previous support/resistance zone on the last highs (coloured box)
2- Bullish trendline
3- Fib retracement levels (0.618 is in the coloured box support zone)
Entry upon rejections of the fib 0.618 and support zone or the fib 0.786 level and trendline.
Trade active
Entry price of 0.68500Note
Bullish trendline and intraday support zone held strong. Looking for 0.69800 profit target nextTrade closed: target reached
Profit target at 0.69800 reached :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.