Hi guys!
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
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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.