AUDUSD;
According to the double bottom formation that can occur in the level of 0.75917, this strategy, as I have shown on the graph, is likely to reach two target points. Watch the market carefully and follow what happens next. Make your risk management and wait for the sound of the market.
The requirements of the strategy;
- The price must reach the target area (POINT OF X),
- RSI level should be in the oversold territory when the price comes to point of X.
- Price Must have come to X POINT it has to be on the double bottom level in hourly chart, corrections which I signed in the analysis.
- Price should be near 50 periods moving average.
- Price Should be followed for 1 or 2 weeks very carefully.
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
This is just a technical analysis. No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
Be safe...
According to the double bottom formation that can occur in the level of 0.75917, this strategy, as I have shown on the graph, is likely to reach two target points. Watch the market carefully and follow what happens next. Make your risk management and wait for the sound of the market.
The requirements of the strategy;
- The price must reach the target area (POINT OF X),
- RSI level should be in the oversold territory when the price comes to point of X.
- Price Must have come to X POINT it has to be on the double bottom level in hourly chart, corrections which I signed in the analysis.
- Price should be near 50 periods moving average.
- Price Should be followed for 1 or 2 weeks very carefully.
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
This is just a technical analysis. No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
Be safe...
