AUD/USD - A Flush In Disguise
As meaningful as it may be, I am certainly wary and adamant of going against the dollar in the long-term.
With that being said, the horizontal support and resistance were filled with emphasis on the candlestick's closing at the > highest tick volume.
Hence, the research inferred me to scale the portfolio into a short-term "Short: AUD/USD" as the range breakout might came to fruition at the expense of a false breakout as AUD/USD proceeds to test the lower range of the support illustrated on the chart attached.
Trade duration: 1 - 2 weeks.
Risk: Low
Cut Loss: A close above the range prior to Friday's market closing would automatically set the cut-loss strategy into fruition.
With that being said, the horizontal support and resistance were filled with emphasis on the candlestick's closing at the > highest tick volume.
Hence, the research inferred me to scale the portfolio into a short-term "Short: AUD/USD" as the range breakout might came to fruition at the expense of a false breakout as AUD/USD proceeds to test the lower range of the support illustrated on the chart attached.
Trade duration: 1 - 2 weeks.
Risk: Low
Cut Loss: A close above the range prior to Friday's market closing would automatically set the cut-loss strategy into fruition.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.