AUDUSD - D - LONG - TDI
Updated
Mixed signal here on AUDUSD.
On daily we have good setup with RSI and TDI on track. If price break up PAC it should be a good trade.
However on 4H it's overbought and the rally could be over in the short term. On weekly we are under RSI50 and still consolidating, but I believe it's worth taking a shot.
However monthly is not looking good.
So if this trade get up, I suggest to use trailing stop.
On daily we have good setup with RSI and TDI on track. If price break up PAC it should be a good trade.
However on 4H it's overbought and the rally could be over in the short term. On weekly we are under RSI50 and still consolidating, but I believe it's worth taking a shot.
However monthly is not looking good.
So if this trade get up, I suggest to use trailing stop.
Comment
Clopine 25% now at 0.755 and SL@BE.Comment
We had a pin bar today (on daily) that could indicate an upcoming reversal tomorrow. If we don't make new high tomorrow I will manually close this trade.Comment
Ok good, closing 50%@0.762. Don't touch SL nor Last TP.Comment
I have looked closely at this pair to see if the topping pattern seen on daily should indicate me to close this trade.Monthly is consolidating so I don't expect any fancy move in the short term.
Weekly is very bullish, so what should we expect?
We are keeping 25% of our initial position so it's no big deal. Let's hold this a couple days more to see what's going on. I suggest to put SL below bottom daily PAC so around 0.753.
Comment
Putting SL@0.756. I think the bull run has ended and we'll see some pullback now. At least on daily and 4H.Trade closed manually
SL hit@0.756.Will monitor this pair again to see if it's a reversal or a small pullback.
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.