AUDUSD - Bearish Breakout Confirmed
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
Trade closed: target reached
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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.
🟢Free Signals:
t.me/forextradingfusion
🔴Contact:
t.me/tradingconmike1
t.me/forextradingfusion
🔴Contact:
t.me/tradingconmike1
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.