Thread: Aud/Usd
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A good option for AUD / USD
AUD / USD was trading at 1.0340 short set with a stop above 1.0390 and targeting 1.0180 support area.
The train has left, but the R / R still makes sense, or especially for rolling back (if we get it), on Monday.
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Main ye thread AUD/USD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
From H4 graph, the uptrend rally is looking very good and the price has been corrected until fibonacci 61.8% @1.0282 which we can use as the initial support here. The price is expected to arise and reach fibonacci 0.0% @1.0372 as the resistance here.
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I think the pair will move on the upside so we can buy here and the target is 1.0300
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AUD/USD INTRADAY: FURTHER UPSIDE.
Pivot: 1.032
Most Likely Scenario: Long positions above 1.032 with targets @ 1.037 & 1.04 in extension.
Alternative scenario: Below 1.032 look for further downside with 1.0295 & 1.0255 as targets.
Comment: the pair remains on the upside and is challenging its resistance, the RSI is mixed with a bullish bias.
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elliott elongated flat correction up 1.0409 up trend is still intact it should comtinue tp rally to 1.0365 or 1.0378 if supports at 1.0352 area hold then we anticipate a pullbak to 1.0352 - 1.0343 zone
technical points
key point 1.0388 - entry point 1.0374 - elliott 1.0226 - closing 1.0359 - projection 1.0423 - trrend line 1.0376
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I. I already placed a buy dan was done. But we look AUD/USD sideway trend righ now.
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sell aud/usd at the level 1.0344 with targets at 1.02670 and 1.02640, but in case of breaking the level 1.0365, then buy above this level with targets at 1.0390 and 1.0420
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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