AUD/USD:
Trade Setup
Entry: 0.62517
Final Target (TP): 0.64963
Stop Loss (SL): 0.61800 (Below recent support to protect against invalidation)
Support & Resistance Levels
Support Levels: 0.62200 - 0.62500 (Potential demand zone)
Resistance Levels: 0.64000 - 0.64963 (Major supply zone & upper trendline resistance)
Trade Outlook
Bullish Bias: Price is expected to rise from the support zone.
Confirmation Signals: Look for bullish rejection wicks, engulfing candles, or a break above 0.63100 for momentum confirmation.
Risk-to-Reward: Favorable setup with a good upside potential.
Trade Setup
Entry: 0.62517
Final Target (TP): 0.64963
Stop Loss (SL): 0.61800 (Below recent support to protect against invalidation)
Support & Resistance Levels
Support Levels: 0.62200 - 0.62500 (Potential demand zone)
Resistance Levels: 0.64000 - 0.64963 (Major supply zone & upper trendline resistance)
Trade Outlook
Bullish Bias: Price is expected to rise from the support zone.
Confirmation Signals: Look for bullish rejection wicks, engulfing candles, or a break above 0.63100 for momentum confirmation.
Risk-to-Reward: Favorable setup with a good upside potential.
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.