BUY AUDUSD looks to be retesting highs on daily RSI strong 1HR

٢٠ أغسطس ٢٠٢٤

https://www.tradingview.com/x/rROOrNAm/

AUDUSD has broken out of a consolidation zone on the 1HR timeframe with bullish RSI strength & the Daily chart looks bullish to be wanting to retest the highs on Daily.

Stop loss: Under the zone 1hr or a tighter Stop will be a better yielder.

٢٠ أغسطس ٢٠٢٤

تم فتح الصفقة

USD is continuing to fall in a bearish wedge on the 1hr. This is good for this trade on AUDUSD. It is going up slowly. But we are talking the currency market which is not my preferred cup of tea because often price is manipulated.

٢٠ أغسطس ٢٠٢٤

تم فتح الصفقة

AUSUSD LONG really pressing up strongly now. It broke out of a hour consolidation pattern on the 1 hour timeframe about 30 minutes ago or so.

This trade is a no-brainer almost on the back of such USD weakness.

٢٠ أغسطس ٢٠٢٤

تم فتح الصفقة

Long trade in AUDUSD is still going well. It was slow to get started but that is the currency market a lot of the time.

٢٠ أغسطس ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

I have exited this trade on AUD USD just as a precaution more than anything to free up some margin with things selling off the last half an hour. But this trade could certainly go much higher with the weakness in USD.