27.07.2022 07:13 AM
AUDUSD Potential For Bullish Continuation | 27th July 2022

This image is no longer relevant
On the H4, with price moving above the ichimoku cloud and breaking out of the descending trend channel and moving in an ascending support, we have a bullish bias that price will rise from the 1st resistance at 0.69838 at the overlap resistance in line with the 78.6% fibonacci retracement to the 2nd resistance at 0.70663 at the swing high. Alternatively, price may reverse off 1st resistance and drop to the 1st support at 0.68021 at the overlap support.

Trading Recommendation

Entry: 0.69838

Reason for Entry:

Overlap resistance in line with the 78.6% fibonacci retracementTake Profit: 0.70663

Reason for Take Profit:Swing high Stop Loss: 0.68021

Reason for Stop Loss:Overlap support

Guadagna sulle variazioni dei tassi di cambio delle criptovalute con InstaForex
Scarica MetaTrader 4 e apri la tua prima operazione
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 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.
  • 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.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.
Widget callback