Bullish bias on AUDUSD weekly timeframe
Position: Long
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern.
3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly.
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern.
3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly.
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
註釋
Here we have some fundamental insights to support this idea. fxstreet.com/news/aud-usd-gathers-strength-above-06630-on-weaker-us-dollar-202405262311
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。