Buy opportunity on AUDUSD.
Price has reached an important support level that is being tested for the third time.
We could see a nice bounce from here to start an uptrend.
The RSI/Stochastic is oversold which is also another indicator of price that could go up.
As always, use proper risk management as no trade is predictable.
Good luck! :)
Price has reached an important support level that is being tested for the third time.
We could see a nice bounce from here to start an uptrend.
The RSI/Stochastic is oversold which is also another indicator of price that could go up.
As always, use proper risk management as no trade is predictable.
Good luck! :)
Trade active:
We might even see a fake out below the support to eliminate some stop losses. Place your SL a bit further down to avoid getting stopped out before price takes off in a bullish direction.
Trade active:
Trade is active and looking good.
Trade closed manually:
Closed half position. Letting the rest run to TP.
Trade closed: target reached:
TP hit. Nice!