AUDUSD | New perspective

23 thg 10, 2022

The U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session.
It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new week?

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

24 thg 10, 2022

Giao dịch đang hoạt động

Still monitoring price action as the week started on a bearish tone

Good morning

25 thg 10, 2022

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UPDATE
Buying pressure above neckline

Good morning

25 thg 10, 2022

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Buying pressure persist

25 thg 10, 2022

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UPDATE

70 pips in profit; securing position

26 thg 10, 2022

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UPDATE
Price action presents another opportunity to add a position to the existing trade

Good morning

26 thg 10, 2022

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Price continue to move as projected. Breakout/retest of the $0.64900 welcomes another opportunity to add one more position.

26 thg 10, 2022

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Move stop-loss accordingly to protect the current position against sudden reversal as we begin to notice buying traction for the US Dollar.

27 thg 10, 2022

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Update coming soon

Good morning

27 thg 10, 2022

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Update coming soon

Good morning

27 thg 10, 2022

Đóng lệnh: dừng lỗ

Stop loss hit on the third position and above the $0.64900 level is looking promising to buy the Aussie.

28 thg 10, 2022

Giao dịch đang hoạt động

Stopped out with a total of 100pips profit as price action is caught within a channel 0.64900 and 0.64400. From here, we need to remain patient for signals in the form of a breakout or breakdown of this channel to join the potential rally or decline.

Good morning

28 thg 10, 2022

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UPDATE

We have a signal

28 thg 10, 2022

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Securing the current position as we continue to monitor price action

28 thg 10, 2022

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40pips in profit, secure position

31 thg 10, 2022

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UPDATE

31 thg 10, 2022

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Time to add position below the 0.64000 level

31 thg 10, 2022

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UPDATE

Sellers struggle as participants in the market anticipate the RBA interest decision and a handful of high-impact events coming up in a couple of days (screenshot on the chart). Selling pressure below the 0.64000 level still remains a positive sign for us.

1 thg 11, 2022

Giao dịch đang hoạt động

Are we ready for the second wave of the bullish momentum that started last week? Following the reversal pattern, the breakout/retest of the $0.64250 level looks promising to buy the Aussie.

Happy New Month!