fxplan

Trade Plan: AUDUSD / Feb 2, 2016

AUDUSD: Below 0.7000 support will turn bias back to the downside.

  • Current trend: AUDUSD is in a long-term downtrend, currenly moving in bullish on h4 as a Inverse head and shoulders pattern.
  • Support and resistance:
    S1#0.7065 , S2#0.7015 , S3#0.6985
    R1#0.7140 , R2#0.7170 , R3#0.7220
  • Trading tips: i prefer to go long around 0.7000 level with stops when candles close below 0.6918 and target profit at 0.7150-0.7250
  • Strategy: buy @0.7000, SL @0.69040, TP @0.7200

aud