Price is in 3 month trading range, price attempted breakout in either direction but failed multiple times.
In a Trading Range we Buy Low Sell High Scalp (BLSHS).
- Upper Range is at (2.10379 - 2.09843).
- Low of the Range at (2.05636 - 2.04819) where price is currently at.
- Price formed a new higher low at 2.07375 showing buyers coming.
- Price was rejected strongly at the low of the range and formed RSI Divergence at the level signaling a reversal the upside.
- AUD employment data released today at 4:30AM if negative price will breakout strongly
Stop loss below the new higher low at 2.07375 or below the setup at 2.04423.
Take profit at 2.07045 or at the top of the range at (2.10379 - 2.09843).
In a Trading Range we Buy Low Sell High Scalp (BLSHS).
- Upper Range is at (2.10379 - 2.09843).
- Low of the Range at (2.05636 - 2.04819) where price is currently at.
- Price formed a new higher low at 2.07375 showing buyers coming.
- Price was rejected strongly at the low of the range and formed RSI Divergence at the level signaling a reversal the upside.
- AUD employment data released today at 4:30AM if negative price will breakout strongly
Stop loss below the new higher low at 2.07375 or below the setup at 2.04423.
Take profit at 2.07045 or at the top of the range at (2.10379 - 2.09843).
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.