AUDUSD Trade Idea 2406
Aktualisiert
Fundamentally perspective, strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday.
D1 head and shoulder pattern.
H4 trend line break, retest support becomes resistant zone, rejection pin bar in the zone.
Short term tp 0.7400, long term tp 0.7200.
Sentiment on CFTC traders are nett short compared to last week.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
D1 head and shoulder pattern.
H4 trend line break, retest support becomes resistant zone, rejection pin bar in the zone.
Short term tp 0.7400, long term tp 0.7200.
Sentiment on CFTC traders are nett short compared to last week.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Trade ist aktiv
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