RobertasBandza

AUD/USD counter trend trade

Giá lên
FX:AUDUSD   Đô la Úc/Đô la Mỹ
4
When stars align you get something like this. In small zone (yellow rectangle) ends ABCD harmonic pattern, 161.8% Fibonacci extension level, at 2009.01 there was highest high which now works as support level, also RSI is showing divergence.
However this is counter trend trade and it might seem scary, that is why there need to be reversal signal, like double bottom on lower time frame (1h, 4h). IF and only if double bottom is formed inside yellow rectangle it is signal for BUY with profit target reaching all the way to 0.7520 and stops going below double bottom. Depending on how double bottom is formed (if at all), risk:reward ratio might be 1:4. So it is worth the risk. My only concern is that it is Friday and Monday opening can have some gap between bars. Also double bottom might form on Monday, which would be even better signal.
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.