AUD/USD going long for long term?
AUD/USD *
On the monthly time frame there is a major key level with the possibility of a double bottom structure
On the weekly time frame you can clearly see the bulls winning on last week`s results but we may need to wait for confirmation but we can take a risk with a tight SL at 0.6000 and TP point at 0.66284 (1: 3 R:R ratio) could be a great entry for investors
On the daily time frame we can clearly see a bullish move with a little uncertainty so might not be the best entry for long right now
On the 4hr time frame we might want to wait for the price to touch the bottom trendline and then wait for a good confirmation/price rejection to the upward side to have a good entry so the SL will be very tight to make a high R;R ratio
Same for the 1hr time frame
Dont forget to private message me with your thoughts!
On the monthly time frame there is a major key level with the possibility of a double bottom structure
On the weekly time frame you can clearly see the bulls winning on last week`s results but we may need to wait for confirmation but we can take a risk with a tight SL at 0.6000 and TP point at 0.66284 (1: 3 R:R ratio) could be a great entry for investors
On the daily time frame we can clearly see a bullish move with a little uncertainty so might not be the best entry for long right now
On the 4hr time frame we might want to wait for the price to touch the bottom trendline and then wait for a good confirmation/price rejection to the upward side to have a good entry so the SL will be very tight to make a high R;R ratio
Same for the 1hr time frame
Dont forget to private message me with your thoughts!
Comentarios:
good entry at 1hr time frame