AU respecting downtrend
As we can see AUDUSD has been respecting this downtrend since early September.
I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as a educational post.
This is my take on AU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and open a sell position
I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as a educational post.
This is my take on AU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and open a sell position
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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.
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.