empty
 
 
06.01.2022 10:44 AM
AUDUSD, Bullish Pressure | 6th Jan 2022

This image is no longer relevant

On the H4, with price approaching the support of the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.72765 which is in line with horizontal swing high resistance, 50% Fibonacci retracement and 127.2% Fibonacci extension from 1st support at 0.71844, which is in line with horizontal overlap support. Alternatively, price may break 1st support structure and head for 2nd support at 0.71162, which coincides with horizontal overlap support and 78.6% Fibonacci retracement level .

Trading Recommendation

Entry: 0.71844

Reason for Entry:

Horizontal overlap support

Take Profit: 0.72765

Reason for Take Profit:

Horizontal swing high resistance, 50% Fibonacci retracement

Stop Loss: 0.71162

Reason for Stop Loss:

Horizontal overlap support and 78.6% Fibonacci retracement level

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback