Possible BUY on AUDUSD (Gold Setup)
Looking to go long on this beautiful GOLD setup for AUDUSD. Here's what I see...
Will just have to watch and see what happens, but I'm optimistic about this one.
- Price looks to be ranging between the identified support and resistance zone. A doji is forming around the support zone signaling a possible reverse.
- bullish 200-EMA holding thee price up and giving power to bullish up-trends
- MFI is currently in the oversold zone.
Will just have to watch and see what happens, but I'm optimistic about this one.
Note
Still long this. Going to hold this position over the weekend.Trade closed: target reached
Wow this thing weighed on my patience over the Memorial Day weekend. But I still ended up banking big thanks to such a great setup. Ended up banking 36.8 pips.My Entry: 0.65214
My Exit: 0.65582
pips gained: 36.8
This thing can still run, but I took what I needed and I'm out. ✌🏾
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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.