AUDUSD Long Opportunity
AUDUSD is finding support at the 200 EMA on the 4hr chart.
Reasons for going long:
- 200 EMA Support
- Trendline Support
We will need to wait for the current 4hr candle to close & ensure there is bullish price action.
Stop
- Below recent swing low: 0.7575
Profit Target (1:3)
- Look for a 1:3 Risk: Reward: aim around 0.7675
For more insights go to:
fxcoach.tv
Reasons for going long:
- 200 EMA Support
- Trendline Support
We will need to wait for the current 4hr candle to close & ensure there is bullish price action.
Stop
- Below recent swing low: 0.7575
Profit Target (1:3)
- Look for a 1:3 Risk: Reward: aim around 0.7675
For more insights go to:
fxcoach.tv
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