[Signal] AUDUSD: Bear-ing on Growth

3 thg 6, 2022

Pair: AUDUSD
Timeframe: H4
Direction: Short

Technical Confluences for Trade:
- Price action went below mid of Parallel Channel
- Stochastic Overbought momentum
- Wide EMA gap
- Resistance ceiling can be seen at the previous high levels

Fundamental Confluences for Trade:
- Growth outlook is slowly weakening across the globe due to high prices
- Weakening purchasing power will sap demand for commodities and Australia is considered as a commodity currency

Suggested Trade:
Entry @ Area of Interest 0.7200 - 0.7250
SL: 0.7291
TP1: 0.7110
TP2: 0.7065
RR: Approx. 2.27 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

5 thg 6, 2022

Giao dịch đang hoạt động

10 thg 6, 2022

Ghi chú

TP1 achieved. Take half the profit and move SL to entry levels.

11 thg 6, 2022

Đóng lệnh: đạt mục tiêu

TP2 achieved. :D