BluetonaFX - AUDUSD Support Rejection LONG Idea
Hi Traders!
AUDUSD has been very bearish over the past couple of months, and there is a possibility that the market is now oversold. Looking at the price action on the 1D chart, we have have highlighted the price rejection at the support area between 0.63847 and 0.63575.
There is a likely pullback incoming due to the market holding above the support area, and our view is now bullish. We are looking for a momentum break above our 20 EMA for a confirmation signal and will look to exit at the first resistance area between 0.64981 and 0.65233. Above the first resistance area is the second resistance area between 0.65767 and 0.66019.
Trade safely and responsibly.
BluetonaFX
AUDUSD has been very bearish over the past couple of months, and there is a possibility that the market is now oversold. Looking at the price action on the 1D chart, we have have highlighted the price rejection at the support area between 0.63847 and 0.63575.
There is a likely pullback incoming due to the market holding above the support area, and our view is now bullish. We are looking for a momentum break above our 20 EMA for a confirmation signal and will look to exit at the first resistance area between 0.64981 and 0.65233. Above the first resistance area is the second resistance area between 0.65767 and 0.66019.
Trade safely and responsibly.
BluetonaFX
액티브 트레이드
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.