AUD/USD
Long Continuation
Please click the chart to enlarge it
Hi Traders
AUD/USD is setting up to go long nicely, retraced upto 0.618 Fib level. It seems a high probable trade which scoring following 7 points.
1. Higher High & Higher Low
2. Above 50 & 200 EMAs
3. Horizontal Support (1.03932 Level)
4. RSI Convergence
5. Bullish Price Action (Inside bar)
6. No Resistance in the Way
7. FiB Retracement Level (Support at 0.618 Retracement Level)
There is no hard level in the way apart from a soft level of 1.0493, which makes it 5:1 profit potential if it goes upto to that hard level.
Well after today's price action the trade is still valid so I've placed an order on my prop account.
ReplyDeleteyeah, thats right. I have amended my trade as well, as i placed the trade yesterday according to inside bar.
ReplyDeleteVSA is giving strong following strong signals as well
(Sign of Strenght - SOS 146 Test) on 28th March bar and (Sign of Strenght - SOS 11 Basic Test) on yesterday's low test bar
I am sending you an e-book which explains all the VSA signals in detail, you can the check the description of above signals.