TradingView
theforexarmy
13 lut 2017 00:25

AUDUSD Weekly View: Bouncing nicely, remain bullish Long

Australian Dollar/U.S. DollarFXCM

Opis

Buy above 0.7600. Stop loss at 0.7510. Take profit at 0.7790.
Reason for the trading strategy:
Price is bouncing nicely above our buying entry from last week. This week we remain bullish above 0.7600 support (Fibonacci retracement, horizontal overlap support) for a push up to 0.7790 resistance (Fibonacci extension, Horizontal resistance).

RSI (34) is seeing support at the 53% level which would hold price up.
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