USDAUD Analysis 11.01
Buy order -Uptrend
Candles are above EMA200
Healthy Trend since the chart is respecting EMA50
Buy Order below resistance Level
May pullback on EMA50
Still an uptrend validated by the last higher highs and higher lows
Enclosed in a channel trending up.
TP1 is based on higher high of the Daily Chart
TP2 -1,44 is based on the Resistance level on Weekly Chart
Exit below EMA50
Exit on H4lower swing is a little tighter since the price may pullback on EMA50
0.80:1 Risk-Reward ratio
Candles are above EMA200
Healthy Trend since the chart is respecting EMA50
Buy Order below resistance Level
May pullback on EMA50
Still an uptrend validated by the last higher highs and higher lows
Enclosed in a channel trending up.
TP1 is based on higher high of the Daily Chart
TP2 -1,44 is based on the Resistance level on Weekly Chart
Exit below EMA50
Exit on H4lower swing is a little tighter since the price may pullback on EMA50
0.80:1 Risk-Reward ratio
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