November 28th AUDUSD chart analysis FX margin (Bitcoin Guide)

28 nov 2019

Hello,

it's me. Chart Analysis Creator, Bitcoinguide.

if my words are helpful,
do not hesitate to "follow" me and press "likes".

I will begin with FX Margin trading AUDUSD for November 28th.







This is EURUSD 30min chart for yesterday.

There were profit making opportunities both for long and short positions.

Long position matched precisely with route A entry point.
After, it could not break out orange trend line and fell directly. (please check the words i wrote saying "sad face" line, and an additional candle breakout)

congratulations for those who earned profits.







For today, AUDUSD seems to make a trend and this is 30M chart.

This is short position strategy. and please focus on the blue converging section.

In the midst of route A and B, both positions will meet at 0.67594 point.

1. If the price follows route A, make sure you check it does not go down below the entry point. (If it breaks out with an additional candle, you should enter short position as the entry point is at same line with "sad face" line)

2. When the price follows route B, please check the rebound. You should make sure the rebound does not go above the orange line with an additional candle. / If the price goes up and touch the resistance line of bollinger band, you should close for the day.

For your reference, following with route A, if the price goes down below the entry point, it could successively continue with route B short position.

Finally, please pay attention to USDCAD which tends to go opposite direction to that of AUDUSD.

Hope you have a restful day.

And I will come back to you tomorrow.

Thank you.

(Translation help
Jae Ho Shin.)