Forex Analysis & Reviews: 03.02.2023 - AUDUSD Potential for Bullish...

03.02.2023 09:28 AM

AUDUSD Potential for Bullish rise to previous swing high

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Description :

Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, Looking for a buy entry at 0.70080 where the pullback entry and the recent wing low. We are looking to take profit at 0.71377, where the previous swing high is and -27.2% Fibonacci line. Stop loss will be placed at 0.69740,where the overlap support is.

Trading Recommendation

Entry: 0.70080

Reason for Entry: Ichimoku cloud + price momentum

Take Profit: 0.71377,

Reason for Take Profit:

Previous swing high resistance

Stop Loss: 0.69740

Reason for Stop Loss:

Overlap low support

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#USD #NZD #NZDUSD Technical analysis

Dean Leo,
Chuyên gia phân tích của InstaForex
© 2007-2023

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