Australia vs. USA
In this pair right here, we still are in an Downtrend, if you look at it in the weekly.
Nevertheless, we do have a good chance that this long trade will hit the TP.
The structure is there, we are at a valid buy area, all we need is some strengh of the Aussi.
if you look at other AUD pairs, you will find similar pictures, and even the AUD-Index shows a similar picture.
In case you want to reduce your risk, look for an opportunity to sell the AUD, or to buy the USD in another pair.
This is the big picture, you could look in the M30/M15 for more structure to get an even more Precise entry!
Happy Trades!
Nevertheless, we do have a good chance that this long trade will hit the TP.
The structure is there, we are at a valid buy area, all we need is some strengh of the Aussi.
if you look at other AUD pairs, you will find similar pictures, and even the AUD-Index shows a similar picture.
In case you want to reduce your risk, look for an opportunity to sell the AUD, or to buy the USD in another pair.
This is the big picture, you could look in the M30/M15 for more structure to get an even more Precise entry!
Happy Trades!
Note
Runs smooth so far :-)Note
Planing the next entry, in case we hit the Stop:
Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
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 Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
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.