Possible swing trade on AU
- Looking to long from 0.73250
Confluences:
- Daily Bullish market structure, with HH and HL being created
- Last week the market rejected the 71% fib retracement and closed above the 0.73250 key level
- Looking to long from 0.73250
Confluences:
- Daily Bullish market structure, with HH and HL being created
- Last week the market rejected the 71% fib retracement and closed above the 0.73250 key level
Trade closed: stop reached
My daily key level was incorrect. SL hit. Possible reversal around the 78.6% and ascending trendline. However, I will only take a long trade once the intra-day momentum becomes bullish.
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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.