On the daily chart we have seen a significant bounce. Waiting for price to pass the green line to make an entry. we should see some substantial resistance on the way back up between the two red lines. The first red line could be used as a profit target. I am hopeful we can continue the trend in between the white lines and reach .74 Considering where AUD is at now I would recommend a very tight stop as failure to break resistance at entry point could eventually break bottom trend line
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forgot to add another resistance line at .73492. Another potential profit target if first resistance lines are broken
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trade is active might have gotten in too soon my stop is the 20 SMA on the Bollinger band. accidentally posted this in comments still new to posting my ideas! Best of luck to everybody looking at this pair long!
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we have fallen below the entry and looks like its struggling to break back up on the 30min charts. I did not expect as much resistance on the highs of some of these candles and until we break .72414 i think this would have been the better entry point
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*not bullish until we break .72414 this should've been my entry
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Almost got stopped out there thankfully that was one lucky candle. Bounced off the 30min 50 day sma and finished above the 20. If it had finished below the 20 it probably would've consolidated between the two and slowly follwed the 50 down possibly breaking the trend line. trade still on for now
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.....and I stopped out. waiting for better signal assuming this doesnt hea'd to new lows.
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limit order has been activated hopefully this is it. think my stop was a little too tight I'm a new trader and learning everyday sigh....hopefully i can make my loss up and then some!