FX:AUDUSD   Australian Dollar / U.S. Dollar
Hi guys,
as you can see on the chart above, on this pair we're retesting a key structure level. In doing so, price has created a nice engulfing candle bigger than all the previous ones. This, together with the RSI Divergence (that you can see on the bottom) makes me think this could be the reversal beginning.
Stops owuld go above the highs, target1 at the retest of the lows, target2 around 0,76.

If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Comment: You can also use 2618 as a reason for entry:
Trade active
Trade closed: target reached: First target hit! Stops at breakeven.
Comment: Second Position:
Comment: Stop moved to 1,7663
Trade closed: target reached: Second target hit! Patience pays!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out