AUDUSD - Buy
AUDUSD has reached a critical support level.
After a significant downward move, the price is now resting on a key level that has historically held significance. This suggests a potential reversal point.
Key factors driving my decision:
Strong support level:
The pair is currently trading at a respected support level on both the daily and 4-hour charts, indicating a high probability of a price bounce.
Exhausted sellers:
The sharp decline likely squeezed many short positions, creating a potential for profit-taking and short-covering, which could fuel a price increase.
I believe that the risk-reward ratio is currently favourable for a long position in AUDUSD.
Entry: 0.65825
Stop: 0.65547
Profit: 0.66888
After a significant downward move, the price is now resting on a key level that has historically held significance. This suggests a potential reversal point.
Key factors driving my decision:
Strong support level:
The pair is currently trading at a respected support level on both the daily and 4-hour charts, indicating a high probability of a price bounce.
Exhausted sellers:
The sharp decline likely squeezed many short positions, creating a potential for profit-taking and short-covering, which could fuel a price increase.
I believe that the risk-reward ratio is currently favourable for a long position in AUDUSD.
Entry: 0.65825
Stop: 0.65547
Profit: 0.66888
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.