AUDUSD and NZDUSD: Weekly uptrend in place after W bottom
Analysis on chart.
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.
Good luck,
Ivan Labrie
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.
Good luck,
Ivan Labrie
Note
Almost 100 pips up since publication.Note
Trail stop using a 10 period moving average of the lows or the 4 period moving average of the range (HL2).Note
Note
Good retracement buy!Note
Added to longs on retrace. Optimal today.Trade active
On track.
Note
(We can trail stops to 0.6695.)Note
Might be wise to book some profits and place stop at entry price for the rest of this move.Note
Minimal dent on NZDUSD, AUDUSD looks simply too weak.Note
Safer to close NZDUSD long and wait.
Note
3.6R long.Trade active
Taking AUDUSD for a spin here.Note
We trailed stop with our group and have orders to add to it.Note
Had added at 0.72191, stop 0.71894, closed half at 0.7249.
NZDUSD, I bought 0.67733, stop 0.67594 and closed all at 0.68199.
Note
You can add to AUD again...weekly uptrend will confirm by this week's close...
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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.