Currency trading: AUDUSD - Saturday 10/2/18
Follow the idea: https://www.tradingview.com/chart/AUDUSD/4gpI3Eek-Saturday-10-2-18/ Will enter mock trade – short. I will enter @ .772 – because look at the wick of the recently closed January month and the recently closed week ending Saturday 10 th February 2018, the body bottom closed I will exit @ .758 – because at .75 is a strong support, to go below .75 it needs serious flaw in AU economy or a serious goodness in US economy which neither is present atm or will foreseeably present in coming week or month and the body of 2 tweezer bottoms end comfortably at .757 So my exit should be safely at .758 Technical Indicator - Monthly EMA 7, 12, 50. faster moving > prone to false curves 50 is already above 7 AND 12. Uptrend (7 and 12) are both flatlining. MA 7,12,50. Uptrend (7 and 12) are both flatlining. BB sd 2 BB is squeezing. >Conclusion: it supports EMA and MA analysis – a change of trend is imminent. BB sd 1 ...