A new BUY signal has emerged on the AUD/USD chart, signaling potential upward movement.
BUY Signal: Activated at 0.64214, indicating a possible reversal from the recent downtrend after price tapped into a higher-timeframe demand zone.
TP Zones:
TP1: 0.64656
TP2: 0.65097
Final TP: 0.65538
This setup offers a potential profit range of 40 to 130 pips.
Market Structure: Price has broken multiple internal lows, creating BOS (Break of Structure) on the way down, but now shows a possible shift in momentum from a fresh demand zone. The setup suggests a bullish correction or reversal toward the imbalance and supply area above.
Remember to manage your trades carefully and ensure this setup fits your overall strategy. Stay sharp and trade responsibly!
BUY Signal: Activated at 0.64214, indicating a possible reversal from the recent downtrend after price tapped into a higher-timeframe demand zone.
TP Zones:
TP1: 0.64656
TP2: 0.65097
Final TP: 0.65538
This setup offers a potential profit range of 40 to 130 pips.
Market Structure: Price has broken multiple internal lows, creating BOS (Break of Structure) on the way down, but now shows a possible shift in momentum from a fresh demand zone. The setup suggests a bullish correction or reversal toward the imbalance and supply area above.
Remember to manage your trades carefully and ensure this setup fits your overall strategy. Stay sharp and trade responsibly!
Trade closed: target reached
AUD/USD 4H Chart Update – TP1 ReachedHello Traders,
Our AUD/USD BUY signal at 0.64214 has successfully hit TP1 at 0.64656, locking in a solid gain.
For those still holding the position, you have two options:
You can close the trade now and secure the profit already made.
Or, if you're aiming for TP2 at 0.65097, or TP3 around 0.65540 consider moving your stop-loss to break even or securing partial profits to manage your risk effectively.
Stay disciplined and trade smart!
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.
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.