Situation:
- a massive Monthly/Weekly AND Daily support zone pulls down AUD right now.
- overall the market is ranging from 1.12000 to 1.02000
--> possible LONG entry @1.08500
- Swingtraders set up a limit order
- I recommend monitoring prices in the box zone to look for a reversal (e.g. false break out of the zone and re-entering)
--> TP @1.11600 / SL @1.076 R:R 1:3.35
- a massive Monthly/Weekly AND Daily support zone pulls down AUD right now.
- overall the market is ranging from 1.12000 to 1.02000
--> possible LONG entry @1.08500
- Swingtraders set up a limit order
- I recommend monitoring prices in the box zone to look for a reversal (e.g. false break out of the zone and re-entering)
--> TP @1.11600 / SL @1.076 R:R 1:3.35
Note
getting closer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.