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.
Comment:
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. ✌🏾
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. ✌🏾