Best Instruments to Trade This Week
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
AUD/USD: the AUD strengthens
2019-11-11 • Updated
Recommendation:
BUY 0.734 SL 0.7285 TP1 0.744 TP2 0.748 TP3 0.757
On the daily chart of AUD/USD, the gap-up of the week occurred. If bulls manage to hold the pair higher than the support at 0.7325 (61.8% from the upper long-term wave), the odds of the implementation of the AB=CD pattern's 200% target will increase.
On H1, if the pair makes a reversal towards the 0.7340 and 0.73 supports with the following rebound it will signal about opening long positions towards at least the 200% target of the AB=CD pattern. It will comply with the 0.748 level.
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