stephane
Private, 1st Class
- Messages
- 114
The Aussie just broke the 0,71 support level, which is also a support fib line. It looks like it wants to rush to the next level, namely a 0,886 fib line at 0,66.
Now, that pair is much oversold and shows several bullish stochastic divergences ; I will certainly not enter a short here or buy a low. I need a pullback.
But as long as we are under 0,71, I will look for short entries on my trading Timeframe (H4), with my take profit level slightly above 0,66. This is obviously a swing trade.
Now, that pair is much oversold and shows several bullish stochastic divergences ; I will certainly not enter a short here or buy a low. I need a pullback.
But as long as we are under 0,71, I will look for short entries on my trading Timeframe (H4), with my take profit level slightly above 0,66. This is obviously a swing trade.